Buying a property in Dubai in the current market is a huge gamble. Despite the agents spinning a good yarn the fact is prices have stalled and are decreasing at an ever increasing rate.
There was even an article in a local paper on the looming property correction which is very unusual as articles like that are usually frowned upon by the authorities.
It won't crash like 2008 but 20 to 30 percent is on the cards. Timing is everything in Dubai property so for those thinking of jumping in at the present time be very careful.