"Dubai real estate last topped out in September 2008 as the global financial crisis enveloped the world and liquidity dried up. Are we about to see a repeat performance as the Fed and China tighten global liquidity prematurely and crash financial markets again?
It is always tempting to say this time is different, but experience teaches us this is seldom true. House prices in Dubai are now back to the peak levels of 2008, particularly in the favored coastal villa compounds."
'via Blog this'
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