Wouldn't over supply not impact investment growth? I can rent a hotel room in the city near the airport for $50 a night with 100s to chose from all year round, that's peanuts compared to Europe.
In Dubai, approximately 35,000 units are rented out each year, while over 100,000 people move here to live, and more than 15 million tourists visit. There are far fewer units than people. The release of units is controlled by the government. There are forces ensuring that the market continues to grow.
@@insiderealty_aecontrolling the release units Thats monopolizing the market lot of times Just so prices double Even in sharjah they're thousands of projects exploding And rent prices increased in 1 year 130 percent
I like the houses on a pole, but there's no privacy on the property at all. I'm sorry to say that again the houses are amazing beautiful luxury, but literally your neighbors window bedroom is like 20 feet from your bedroom How I'm going to pay $40 million and I have no lot of property at all If you have 7 to 8 bedrooms, you need to have at least 0.3 acre land other than that where my kids going to play And I don't understand where they could try to go with the prices. Are they going to sell the houses in ten years and one billion dollars they look very artificial and not realistic for Dubai. Because this is not a city was grown up in 100 years everything exploded in the last 20 years so if that explosion went too fast high can go down too fast, low and crash Just imagine if a war happens between Israel and Iran and Israel started attacking Iran what's going to happen with the prices on Dubai because that country is in the border with Iran
Everyone has different perspectives on what "a good deal" is and how much space they need. We have clients who look for 30,000sqft+ mansions and there are places where we can make that happen - either custom or from a developer. Some will buy a house based on prestige, and usually people who are buying an apartment of villa on the palm - this is not their primary residence. This is theird 2/3/4+ property around the world where they spend a portion of the year. Many countries' financial resources are actually in Dubai, so it's sheltered from conflict. In fact, when conflict happens - it leads to investors from those countries moving money to Dubai, driving the market further.
