First home buyers look to Dubai for a bargain
The Dubai property bubble has burst with residential property prices falling over 40%' as speculators flee the market.
This is just the latest indication of the extent to which Dubai's property boom of recent years has come to an abrute end with the worldwide recession.
Because finance has dried up and job opportunities in Dubai have declined investors got out anyway they could.But that leaves the market to anyone who has a job and steady income to get a home at knockdown prices.
The chances are that waiting for the right property will be fruitful as prices are expected to fall even further.
This is just the latest indication of the extent to which Dubai's property boom of recent years has come to an abrute end with the worldwide recession.
Because finance has dried up and job opportunities in Dubai have declined investors got out anyway they could.But that leaves the market to anyone who has a job and steady income to get a home at knockdown prices.
The chances are that waiting for the right property will be fruitful as prices are expected to fall even further.
Labels: Dubai property bargains

