Brent Day

Is Dubai a Better Play on Real Estate Recovery Than the U.K. or U.S.?

Whether or not there is still a net inflow of expats (of the sort that will have the means to play the Dubai property market) is very debatable. Lots of highly-paid white collar job loss has been reported in local rags. Much more than that in reality based on anecdotal eveidence. And there will be more to come. Much more as the real estate and construction industries continue to fall in 2009. I believe that ultimately rental demand should fall due to declining population and so should the rents demanded if this behaves anything like a normal market.


On Dec 20 08:05 PM daniel.ocallaghan wrote:

> Is anyone here considering the fact that rental prices in Dubai are
> sky high and only increasing as the number of expats continues to
> pour in.
> The buy to let market couldnt be better, I'd imagine this will spur
> demand for purchases as well?