The world's investors are all bringing their money to dubai... and the gulf in general... because their markets in the west and in europe are struggling.... particularly US and UK.... as for the east.... dubai is doin much better than eastern markets also.
So the rise in oil prices, the current influx of investors to the market is keepin it popular, strong and rewarding.
Investors here are cash rich, not like in US and UK where everyone borrows, and banks interest rates are on the rise so the investors are uncomfortable and even end users are struggling in debt.
Also, add to that, everyone wants to live here. Who wouldnt? You have the best projects in the world.... HH Shiekh Mohammed said we want to go beyond expectations, lets do what hasnt been done before. This is what I like about UAE and Dubai in particular. Driving past Burj Dubai it always makes me feel WOW, they've done it.
It is the only country where architects can put their dreams and imaginations into reality. The next 5 years I say we will be safe, but I do want the government or the master developers to have more control over the market whereby prices rise gradually at a reasonable pace... not like i witnessed in cityscape.
Investors must always be aware in any market they invest in. Invest in something unique, less risky,...and more analysis should be done before throwin large amounts of cash.
In any case, prices are always rising, I dont know yet where prices have fallen in Dubai. Abu Dhabi is goin to be the daddy of the emirates. Its all happening for it. Oil rich, the capital, islands everywhere, good infrastructure (no traffic).... and the projects there are dreamy.
The UAE is a good few years ahead in construction technology... they have the best architects, the best engineers and consultants,... everything is well planned and as they go further into the future they get more sophisticated. Its only in this country where you find gyms, swimming pools, saunas, wifi, etc etc as standard features in residential towers. Thats what you find in hotels when you go abroad.
Inv.