Shopping for Real Estate
By mirkat - Posted on March 30th, 2008
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I was wondering if there's any logic to the ever higher and higher prices of properties in Dubai. Is it only for the adventurous (read: the specualtors, gamblers?)?? Isn't there any sign of slow down? Aren't prices going to go down due to oversupply?
Anyway, I watched a documentary, they mentioned that the apartments in Burj Dubai were sold in just 2 days!! Amazing! Who's buying into this frenzy?? It's simply mind boggeling
Anyone of you guys bought property in Dubai, or UAE for that matter?
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Alot of people buy properties in UAE. Most of them for re-sale, so basically as an investment .. in the same time .. huge number of people move everyday to Dubai .. so all of them need accomodation ..
regarding the slow down .. till the prices for petrol will be rising .. prices for everything else will be rising as well ..