Could UAE real estate one day be as valuable as in Singapore, Central London or Mumbai? « ArabianMoney

With the annual property show CityScape Abu Dhabi wrapping up this week the let us say $500 billion question is whether UAE real estate could one day be as valuable as in Singapore, Central London or Mumbai?

It is worth considering what factors have lead to the very high commercial and residential property prices in such cities. They were not always so highly prized. The revaluation came in waves over a period of time. There was often a big boom and bust as a part of the process, one that left skeptics doubting the possibility of recovery.

* username: rupertbu