UAE Property Slump may be Short-lived
Khaleej Times - Dubai, United Arab Emirates
DUBAI - The property slump in the
UAE is a painful reality check with all the signs pointing to a more severe global recession in 2009, but the sting is likely to be short-lived, said EFG Hermes.
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1 comment:
I admire the "rose tinted spectacle" approach in the article, but reality is going to be a tough one on Dubai. The fact is, the money in the secondary tier purchase that most investors relied upon really isn't there. Buy low, sell high, and don't rely on rental income that is far from proven.
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