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Real Estate Briefing - Categorized | Finance, Middle East and Africa more

Property speculators’ return fuels Dubai bubble fear

Posted on 28 February 2013

Property speculators are back in Dubai, aiming to make their fortunes by buying apartments and villas for cash, then selling them within months, weeks or even days. It’s a sign, some people fear, that Dubai risks repeating the mistakes of the past.
Queues of investors have formed outside the offices of major real estate developers in the past several months, in scenes that recall the emirate’s boom days before 2008, when money poured into Dubai property from around the world………………………………………..Full Article: Source


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