Stormcloud is right on the money.
These properties can in no way be considered an investment. At best they fall well in the speculator zone.
They may well increase in price, but at this stage there are far too many negatives and unknowns to make it attractive for a pure investor.
If you are well heeled and can afford to throw a million or two dirhams at a speculator, then it is probably worth having a look. If you are looking for a secure investment that will help you through to retirement, then i would look to put my money elsewhere at present.
There are rumours that the property market here is going to open up further (which seems likely IMHO). Should this happen, then maybe the high prices being asked can be ratified by a free market and it might then be worth having a look. At present the prices are set by one company and non negotiable. That can't be a good thing.
Cop u later
The Rev