| Valuations should be based on solid surmises rather than led by demand spikes. “It usually takes five or six years to recover from a downturn” — such a statement was repeatedly used by many after the Dubai property market’s decline in 2008... and they were right.
Dubai’s real estate market cycle shows strong signs of reversal for the first time since then and many stalled developments have resumed. Dubai is now gearing up for the next boom........................................Full Article: Source
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