The UAE is spending hundreds of billions in various projects. Our investments are but a drop in the ocean compared to the investments the Sheikhs are making. Do you think they haven't considered all these things before announcing projects? They probably have a 100 analysts working every single day trying to figure out what to do when.
In my opinion, we are far from a crash and when i say far, i actually mean far. With an annual growth of 7% meaning almost a 100,000 people moving into the country every single day, you can imagine how many housing units will be required. Companies are being set up every single day which tells you how much demand there is for office space.
Regulations are being put into place to prevent the rapid increase in prices and not to cut down supply. Yes, a few projects are being slowed down but this is mainly due to the infrastructure shortage. Heck, there are some buildings that have been completed but haven't received power and water connections yet. These are the REAL reasons for the slow down and NOT the lack of demand.
This is only the beginning of what is to come. Oil prices are going to go through the roof in the next few years and i'm talking the likes the of $200-300 a barrel. You'd be surprised but there WILL be a day when oil prices will be $500 a barrel. We can discuss this again in a decade so that i can say "I told you so"
. Sitting on so much oil money, one can imagine what else is yet to come. A lot of construction companies in the US are now considering shifting their focus to the Gulf simply because they don't have enough business back home especially now thanks to their economy practically on the verge of a collapse. Banking is a booming sector in the Middle-East and you can expect a lot of laid of bankers wanting to move here. Just imagine how many industries will follow with foreign economies slowing down and crashing! Think for yourself and do enough research; don't especially believe everything you hear and read!
As for now, just make smart investments. Don't go spending 5 Million AED on a Studio or a 1 BR. You're the only one to blame in such a situation. You'd be surprised how EASY it is to make money here....just invest smartly
Good luck.