Is the Dubai property market set to implode?
While there is no doubt that the Dubai property market continues to attract the attention of many investors around the world, few are willing to invest anything into property at this moment in time. As ever, past performance should not be considered when looking to the future as this can in many cases cloud your judgement. When you consider that the life blood of the Dubai property market, i.e. overseas investors, left the market some time ago it would seem that the foundations on which the property sector was built are now more shaky than ever before. Even if the Dubai property market was to stabilise and potentially recover in the short to medium term there are many overseas investors who are nursing significant losses and a significantly weakened financial position in their home markets. Overseas investment in Dubai peaked during 2008 and is unlikely to reach those levels for some time, if ever again. Whether we have seen the best of the Dubai property market remains to be seen but
