The property apocalypse draws closer...
Dec 12th 2007, 7:37 pm
#1141
Lost in BE Cyberspace
Joined: Jan 2007
Location: By the old canal...
Posts: 7,715
Re: The property apocalypse draws closer...
The property apocalypse draws further away?
According to this article it does....
Fears that an imminent oversupply of real estate in Dubai would depress the sector in 2008 have now been pushed back by most observers to 2010, due to construction capacity constraints and the continued tide of new immigration. Indeed, the main concern is that local inflationary pressures are going to drive rents and prices higher.
http://www.ameinfo.com/137811.html
According to this article it does....
Fears that an imminent oversupply of real estate in Dubai would depress the sector in 2008 have now been pushed back by most observers to 2010, due to construction capacity constraints and the continued tide of new immigration. Indeed, the main concern is that local inflationary pressures are going to drive rents and prices higher.
http://www.ameinfo.com/137811.html
Dec 12th 2007, 7:45 pm
#1142
Concierge
Joined: Feb 2007
Posts: 29,625
Re: The property apocalypse draws closer...
When they built the Co-Op at Safa Park and the few villas nearby people then were saying the rents would come down cos no one would want to live there - hardly 
look how Jumeirah bloomed
look how Jumeirah bloomed
Dec 12th 2007, 7:49 pm
#1143
Lost in BE Cyberspace
Joined: Jan 2007
Location: By the old canal...
Posts: 7,715
Re: The property apocalypse draws closer...
You're such an old hand you'll get preserved as a national monument if you don't watch out...
Dec 12th 2007, 8:12 pm
#1145
Lost in BE Cyberspace
Joined: Jan 2007
Location: By the old canal...
Posts: 7,715
Dec 13th 2007, 3:16 am
#1149
BE Forum Addict
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: The property apocalypse draws closer...
Spot on!
Dec 13th 2007, 4:28 am
#1150
Banned (Always Correct)
Joined: Aug 2004
Posts: 941
Re: The property apocalypse draws closer...
The property apocalypse draws further away?
According to this article it does....
Fears that an imminent oversupply of real estate in Dubai would depress the sector in 2008 have now been pushed back by most observers to 2010, due to construction capacity constraints and the continued tide of new immigration. Indeed, the main concern is that local inflationary pressures are going to drive rents and prices higher.
http://www.ameinfo.com/137811.html
According to this article it does....
Fears that an imminent oversupply of real estate in Dubai would depress the sector in 2008 have now been pushed back by most observers to 2010, due to construction capacity constraints and the continued tide of new immigration. Indeed, the main concern is that local inflationary pressures are going to drive rents and prices higher.
http://www.ameinfo.com/137811.html
Dec 28th 2007, 6:29 pm
#1151
Concierge
Joined: Feb 2007
Posts: 29,625
Re: The property apocalypse draws closer...
2008 rent cap - 5%
not so good for our property owners though
not so good for our property owners though
Dec 28th 2007, 7:19 pm
#1153
Lost in BE Cyberspace
Joined: Jan 2007
Location: By the old canal...
Posts: 7,715
Dec 28th 2007, 8:28 pm
#1155
BE Enthusiast
Joined: Jan 2005
Location: Dubai
Posts: 888
Re: The property apocalypse draws closer...
Anybody got a link for that so I can get all the gory details? Sounds like another busy year for the rent committee but at least this year they have announced it a little bit earlier.
