Tuesday, 6 November 2012

Desperately seeking a Dubai villa, budget no object! « ArabianMoney

It is a quite extraordinary phenomenon to see estate agent’s in Dubai with notice boards for property buyers looking for villas. We counted a dozen buyers desperately seeking Dubai villas on a sign board in The Town Centre in The Meadows yesterday.

In 25 years of writing about real estate this correspondent has never seen anything like it. Even at the top of the Dubai real estate boom in 2008 you did not have buyers actively pursuing property in this way. It smacks of desperation, surely the last sentiment you should display when buying anything, let alone something as expensive as a house.

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