Dubai housing market overheating

United Arab Emirates: Thursday, July 24 - 2008 at 09:35
Standard Chartered Bank is warning that Dubai's housing market is becoming overheated, particularly in the off-plan sector. The signs of overheating, it said, are related to the 'ultra loose monetary conditions which distort economic incentives and encourage risk-taking behaviour'. It says the government needs to address speculative behaviour.

Comments

  1. AnonymousAugust 12, 2008 at 11:04 PM

    It may be true due to the reason that Dubai is the world best emerging property market and have great influence on the region.

    ReplyDelete

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