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Old 11th Jul 2006, 14:24
  #8 (permalink)  
fractional
 
Join Date: Mar 2001
Location: The Palm
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Shifting sands... There is no substantiated evidence to indicate the property will prosper. In due course, a crash will happen and rents will come down fast. Apartments first followed by villas at slower pace.
Who will benefit? I hope the common expat citizen. The same will apply in AUH in 10 years when all those projects are completed. As someone said here already
Hard to convince the leaders of Dubai that a crash will happen. Very typical of the pit...
It's a nightmare for those (tennants) having to deal with these cases in order to keep healthy bills at the end of the day.
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