Monday 15 October 2012

As property booms, a bust is remembered - The National

The rebounding Dubai property market made headlines around the world last week, helped by the triple whammy of rising prices, queuing investors and a Taj Mahal.

But who were the people in the queues? And why did that Taj Mahal project sound familiar? And how much exactly have property prices and rents risen?

After four years hype has returned to the property market as if 2008 was just a bump in the boom. Old projects were trotted out at the annual Cityscape exhibition and developers became brave enough to start bragging again. But analysts urge caution.

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