Is it time to deflate the Dubai property price bubble?

T

totallyproperty

Administrator
Staff member
There are many different opinions about the Dubai real estate market which has gone from strength to strength over the last couple of years. Despite claims that the market is not overheating there are some alarming factors come into play which include: –

A large increase in bank lending to the construction sector

Increased foreign demand for Dubai investments

While there is no doubt that the Dubai economy is going from strength to strength, is the increase in property prices reasonable compared to the economic performance? Or is the property market starting to get a little ahead of itself and a little more detached from the economic situation?
 
Top