As thousands of recently unemployed expats prepare to leave the emirate when the school terms ends next week the reality of the impact of the global recession will be felt, according to Saud Masud, an analyst at Swiss investment UBS.
'In my view Dubai's property risk profile appears to be one of the highest in the post war era and while one may debate the potential support factor from Abu Dhabi the fundamental oversupply and population dynamics risks are very much there,' he said.
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There is a risk factor everywhere. At this moment dubai property market gives the picture of instability.
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