Dubai/Abu Dhabi rent
Someone explain this to me...
On Dubizzle, I see 35,000+ vacant apartments for lease in Dubai... roughly the same amount I saw back in 2010 after market corrected itself from the pre-crash insanities... yet the asking prices are 30-40% higher. Based on what?! Can we say 'bubble' despite of what the local "experts" say?
I don't know about others, but this is quickly becoming not worth sticking around for. If my choices are to earn less back home, but have the same or greater purchasing power than I do here, then why on earth would I want to stick around in this "paradise?"
Dubai is quickly becoming a case of bad math.