Dubai real estate could double or treble in value over next three years « ArabianMoney:
"Dubai expatriates returning from their summer breaks are only just waking up to the reality of what is happening in their own backyard with house prices surging by the most in the world and rents now higher than mortgage repayments.
Could this be a repeat of the 2003-8 housing boom when prices surged 500 per cent before crashing 60 per cent in 2009? That may be unlikely as the market is more mature and not in a start-up situation for foreign buyers."
'via Blog this'
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