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Old 23rd Jul 2006, 05:17
  #12 (permalink)  
bravehart
 
Join Date: Jul 2006
Location: dUBAI
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I wouldnt suggest any1 to buy an appartment/villa in Dubai, aswat we see is the artificial rise in rents as the Govt wants people to invest their hard earned money and buy the flats/apptts. Recently almost 400 projects were cancelled/shelved on the orders of the Govt. as they fear too much surplus apptts will lower the prices. These price increase in rents which you see now are ARTIFICIAL, wait for another 2 years and you will see the prices in Dubai lowering to prices in 90's.......there are almost 15000 appts being built and all of them are being bought by INVESTORS (just 5% are the real buyers) so you can imagine whats in store.....
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