Re: Dubai Property Market
Aug 16, 2010
It could be many years before you see a return.
Interest is very low at the moment and a double (actually a triple) dip is highly likely.
I'm in the same situation as you, but am lucky that at least my properties are paying for themselves and I am optimistic enough about the future of Dubai to hold onto them.
Some people would like to see Dubai fail totally, which is a worst case scenario, but this is not realistic.
The foundations of tourism and trade remain strong and Dubai will forge ahead as it has always done. Real estate recovery will follow at some point.
You are also obvioulsy happy enough to stick with it despite feeling stupid like me.
And I'm not the type to say "it could be worse", "at least you have your health" and crap like that, but its the truth.
I am just going to have to live for the next decade, rather than "live for tomorrow" as I would have liked.