| From Homesoverseas.co.uk: Reports that the Dubai property market won't be affected by the global credit crunch have been challenged by market analysts, as fears grow that Dubai’s property boom is fast running out of steam, as a consequence of the global liquidity crisis.
Oliver Hickey, sales director of Profile Europe, this week said that “Dubai has not been affected by the global credit crunch,” nor does he expect it to be in the near future. This, he says, is because the majority of people buying property in the emirate are either cash buyers or borrowing money at a low loan-to-value–ratio...... Full Article: Source
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