More thoughts on investing in Dubai property - 2004-03-16
Skeptics detests being proved wrong. But the doubters about Dubai property are already looking a bit silly. Nowhere is there any evidence of discounting. Prices are climbing skyward in all locations, though some are doing better than others.
Competition among lenders will bring the cost of borrowing down – still a bit high at 6.5% for a floating rate local mortgage – and again put upward pressure on house prices.
Read the full story at AME Info