[Ros818]

Originally Posted by Billa007

I see premiums for decent villas on pja have fallen from about 200% 6 months ago to about 150% now. How far do people feel these will fall, with the credit crunch and people having less cash to spend.

Actual price levels of Dubai property are low in global terms if you make absolute comparisons of price per square metre, or in relative terms if you look at rental yields which are sky-high particularly for commercial space and apartments. Already local villa prices have risen to compress yields.
If oil prices continue at high levels, as economists expect given the global shortage of new sources of oil and the rundown of existing fields, then Dubai property is a no-brainer for the global investor.

These are one of the comments directly from the newspapers, do your research... google it! There is info you can find on the reality of the Dubai market instead of predicting for yourself or listening to other peoples predictions or fears!!!