Comments on: Property Boom In The Gulf And Particularly In Dubai Is Phenomenal http://www.1hitproperty.com/1339/property-boom-in-the-gulf-and-particularly-in-dubai-is-phenomenal-are-we-to-see-another-prpty-collapse-soon/ Dubai Real Estate and Property Blog Sat, 28 Aug 2010 12:11:18 +0000 hourly 1 http://wordpress.org/?v=3.0 By: h http://www.1hitproperty.com/1339/property-boom-in-the-gulf-and-particularly-in-dubai-is-phenomenal-are-we-to-see-another-prpty-collapse-soon/comment-page-1/#comment-1023 h Wed, 10 Jun 2009 19:38:31 +0000 http://www.1hitproperty.com/2009/06/property-boom-in-the-gulf-and-particularly-in-dubai-is-phenomenal-are-we-to-see-another-prpty-collapse-soon#comment-1023 I do not think so, cause you learn from mistakes made by others and yourself. The demand for the property in Dubai is present. For example look at Burj Dubai: Floors 17 to 108 have 800 private apartments and these were sold out within eight hours! property in Dubai get sold even before they start building. Bank and stock exchange wise the UAE needs a little bit more aprovement but otherwise I personally do not see a reason for any crush. Dubai will depent on tourism in the future. Please also take in consideration that the political structure of the UAE is different than from Thailand. I personally see the problems somewhere else like for example social problems. If you check the latest (just 50 years ago) UAE history you will find out, that many mistakes were made where the Arab community learned from. You mentioned "elsewhere in the region". Where? Just my opinion. Take care. I do not think so, cause you learn from mistakes made by others and yourself.
The demand for the property in Dubai is present. For example look at Burj Dubai: Floors 17 to 108 have 800 private apartments and these were sold out within eight hours! property in Dubai get sold even before they start building.
Bank and stock exchange wise the UAE needs a little bit more aprovement but otherwise I personally do not see a reason for any crush. Dubai will depent on tourism in the future. Please also take in consideration that the political structure of the UAE is different than from Thailand.
I personally see the problems somewhere else like for example social problems.
If you check the latest (just 50 years ago) UAE history you will find out, that many mistakes were made where the Arab community learned from.
You mentioned “elsewhere in the region”. Where?
Just my opinion. Take care.

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