Outlook for Dubai property sale and Rental in Dubai in 2010
The good news for those people who want to rent apartment Dubai and other accommodation is that prices for rental in Dubai are not likely to rise immediately as Dubai property sale regulate to change in rates of labor movement and there is a possibility that more will come into Dubai market.
2009 brought too many changes in Dubai property sale market. There isn’t any doubt in saying that boom seen in the last six years or so has come to an end, and market for sale as well as for rental in Dubai is in a downward spiral. Most if not all the investors are questioning when it will bottom out, and it is speculated that some of the least price levels will be seen in the first half of year 2010. Many experts and gurus are relating Dubai with the great financial crisis of American economy and the other parts of the world. According to them the recovery in USA economy will be followed by the reestablishment in UAE. Although the situation in America does not seem to be directly related with the consequences in UAE, still psychological connection is there. A recovery in one part of the world is likely to encourage the investor of another. Unless there are very local countries centric grounds behind the supply and demand mechanism like corporate disgraces and default in de
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