Quote:
Originally Posted by Fran
...with the recent and future crackdown on the sharing accommodations, people will have no choice, but to rent smaller units such as studios and 1BR.
All well planned way ahead.....
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Yes well planned but is it going to work?
Higher salary means higher prices from the companies and the inflation will hit the roof.
The problem will come when the construction slows down and not many people are needed. Less people less occupancies, but by that time too many buildings are going to be built and they might be empty.
The tourism which supposes to make Dubai the destination number one is on the way to collapse. Not many people are willing to travel because of the ridicules prices.
UAE needs new business for the people to come and occupy all the new buildings.
DIFM is a way out but for the time being, but not much is happening out there.
One way to postpone the above is to delay the existing projects – but more and more people are already frustrated of all the delays and cancellations and the image of the properties business in UAE is going down and will come the time when all those investors will find a new places to invest their money.
New business is needed very urgently.
On top of that when the prices around the world are going down here - going up
If you are investor from UK for example - you will by cheaper in your country, don’t you think so?
We will find out very soon how sustainable is the property business in Dubai in the next couple of months.
I know too many ways to get out of this but we will see if the government is willing to do so.