The current property prices are only 28% below 2008 prices. In 2013 property prices raised 22%. With 32 % mortgage (3.2 % *10 years) and 6 % property Land dept. registration and annual service.
So 40 % above 22%, 62 % above 2008 prices. This is definitely Another bubble !! it is expected after expo completed in 2020 due to supply and demand plenty of projects will be completed and vacancy will be minimized.
I see another crash worse than 2008, do you agree with this statement?
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Will You Still Buy A Property In Dubai?
- samsloi
- Dubai Forum Guest
- Posts: 2
- Location: Abu Dhabi AE
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