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Dubai property prices rise 4%

Discussion in 'Dubai property' started by Fran, Dec 11, 2008.

  1. Fran

    Fran New Member

  2. TommyC

    TommyC New Member

    Well, this invasion of low wage employees won't affect the high-cost market... And that's an invasion that HAS BEEN, not happening now. Most reports seems like old news, like it was before the summer etc. Currently, there are a lot of layoffs, layoffs that mean people have to leave UAE within 30 days (no further grace given according to other news).

    What we probably will see is possibly an increase of people living in "labour-camps", which might just be the right thing to invest in. (20+ people living in the same container with basic A/C and shared toilet with 200+ others).

    EDIT: As a sidenote, I must commend The National of their better coverage (than other newspapers in the area) of what is happening in the area. Especially the coverage on the Dubai real estate market and the PROBLEMS, not just positive reports that are already old!
     
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