Hold on to your property, the macroeconomics of the UAE is still sound, the government is flush with oil dollars, and the economy is booming, more and more expatriates will be looking for jobs in the UAE believe me and dont forget that China and India are not going to go into a recession and a bulk of investors particularly from India and Pakistan are flocking to the UAE.
Sit tight, be in it for the medium and longterm
Morgan Stanley avoided bankrupcy by being bought by Bank of America, they cannot take care of their own affairs, so why should we trust their advice as far as the housing market of Dubai, they were just trying to scare of American investors because they are aware that the GCC is the biggest realestate market in the world and the American housing market has become one big socialist coucil estate
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