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Just to make it clear

Discussion in 'Dubai property' started by georgihh, Nov 16, 2008.

  1. georgihh

    georgihh New Member

    Last time a sort of recession happened in Dubai was 2001-2004
    The business went down - no tourists no salary no activities
    But the rent went down as max as 5%.
    The flats were empty at one stage but the prices didn’t go down
    Emaar were selling at cost in Greens and springs for as long as 2 years.
    This time will be a similar scenario prices will stabilize the developer will sell at the current prices for some time to come and the activities will slow down.
    Expect nice 2-3 years from now on.
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