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Originally Posted by General Trading
agree fully. The Morgan Stanley report scared everyone but that is only because it was the first (to my knowledge) report that predicted a downturn. the market is not going to stop, it is going to get a lot more sensible yes, people at the moment are trying to reap the rewards they have heard legend of. villa's in festival city went up 40% overnight a few months back, that does not represent a real market and it forces other investors to panic and try to sell thiers.
the abu dhabi market is doing a similar thing that dubaiworld did a few years back (and what ajman is about to do) - its being led by speculators.
the simple fact is that the worlds money supply moves around every few decades - at the moment its in the same place we are, people arent going to stop coming here and people need houses 
if you're looking for a 5 year investment get into saudi. huge domestic market and shedloads of space. saudi is going to be huge.
you'll get you money back plus a healthy profit. |
Fully agree regarding Saudi as being the next move, at least in the Middle East
i used to sell Dubai & Abu Dhabi & never seen a market stop moving so quickly, but thats possibly due to over pricing / No quick flips anymore / glut of properties available / lack of confidence as a whole