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This is the hottest topic of discussion at the moment in Dubai and there is no specific answer to this question. One can only take a guess and please do remember no investment ever is totally risk free, higher risk means higher dividends and so on & so forth.
In my opinion its about time to go for a kill. The way I look at it is that if the prices are touching their original values then there is not a lot to lose and possibility of going wrong with the investment is minimal. Bear in mind that any investment now will be a long term investment and the returns will be gradual over years.
First piece of advice, go for a completed property only as you can start seeing your returns immediately. Rental yields are still pretty decent and nearly around 10% which is much higher than what you will get in most real estate markets around the world. Prices have dipped by nearly 50% in some localities so one cannot expect more declines and even if the prices go down further they will be in the range of 5% or so. Summing it all together there is definitely more to gain from the current situation and as the western economies are showing signs of improvements, Dubai will surely benefit from this.
This topic has been discussed a number of times before and for further advice please also read the following posts: http://www.bayut.com/community/discussions/buying/investing-open.html
Yes Dubai real estate is facing much problems in this era but Dubai is a relatively small city and most of the land in Dubai is either a desert or is now allocated to various development projects. Successfully on the verge of completing numerous projects in the next 3 years, Dubai is going to become the ultimate tourism destination in the world.
So I would advice you to wait for the right opportunity as bad times never stays long.
Thank you Zeeshan Khan and Avelina for taking the time to reply. I am keenly interested in the Dubai Real Estate and have found this forum very interesting and helping. I look forward to revisit and contribute to forum.
"Abu Dhabi bails out Dubai by lending $10 billion".
A sigh of relief after this great news. Not only this money would help ease the liabilities pressure on Dubai world but will also help in normalizing economic conditions in Dubai. The news was such a respite that both the Dubai and Abu Dhabi Stock Exchanges showed welcoming of the news by immediate and significant increases. Let's all hope and pray that this is the change we were all looking for that would change the things for better.
Days after Standard & Poors downgraded the US government bonds from its AAA+ ranking, trillions of dollars exited the crashing global markets, price of oil has plunged, and the value of the US dollar has dropped. Is there light at the end of this tunnel?
Right now, that light seems to be golden. The price of gold is shooting up, over taking platinum and people are still buying. Banks have started to charge more to store gold. Everyone wants a piece of gold & coins, biscuits, bars, jewelry, teeth and looks more and more like a bubble created on fear and lack of any stable alternative avenues to park ones savings. Or is there?
Real-estate investment can go sick but it never dies. If you are looking for a home or a stable long term investment, real-estate is still a very good option. Prices are at an all time low and there is always a demand for good property. It's a real physical asset you can live in or rent and will in the long run appreciate in value. It's truly a golden opportunity.