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Real Estate Briefing - Categorized | Finance, Market Moves more

UAE: Realty correction good in long term

Posted on 04 August 2010

From Gulfnews.com: As property prices come down, the cost of living and doing business in the UAE will drop, helping to attract the people and skills needed to maintain and strengthen economic growth. The correction is in part simply a result of the prices coming into line with market demands.
As more development projects are completed, property prices will drop because of the laws of supply and demand. This will undoubtedly be painful for those who over-invested at the top of the market……………………………………….Full Article: Source

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