Dubai Real Estate Bosses Hit Back At Media Negativity.

A quick glance at the Dubai property headlines of late will reveal a good deal of negativity and warnings of impending property crashes. Recently things have taken a more positive spin, but overall you would think things were pretty gloomy for the Dubai real estate market. But are these sections of the media that are predicting such outcome correct, or is there something else going on in the market at the moment? After all, one day we get headlines of new property developments planned, and news of the market prices continuing to increase only to be told the next day that in fact things are all going wrong! So what is the real story? Well those working in the Dubai freehold real estate market feel the media coverage of late has been misleading, and have now spoken out to give their opinions on the situation.

US based Morgan Stanley caused the biggest stir when they warned of a sharp price correction in the Dubai property market, but now the CEO of one of the largest property sales companies has given his opinion on the matters at hand. Ali Hussein Al Rahma believes those on the ground level of the property market are able to see from all the goings on that things still remain healthy here.

In fact he went as far to suggest that the reports on the crash and bubble bursting, which have come from mainly US companies, are more to do with attracting investment to the US rather than any problems going on with Dubai real estate. Angered at suggestions that the credit crunch is having a strong negative effect on Dubai apartment property sales, he says the fear hanging over the market is only at a higher level, with business at normal at ground level. Many property agents would no doubt agree, with the media warnings not quite translating into reality.

Currently it still looks like investors see Dubai as a safe bet for their money, and will continue to invest here. With those working in the industry unworried in regards to the state of the property market, there doesn’t seem any need to be getting worried quite yet. Property markets are complicated things, so some caution is always recommended, but so far at least there seems little cause for concern.
 

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