The Dubai property market has been on the up for a while now, with prices having risen rapidly in the 7 years or so that the market has been opened up to foreigners. However the big question at present is if the property bubble is now about to burst? With the media reports in regards to the Dubai property market differing widely in their predictions of the extent of the problem, what is really the state of play in the property market, and should property owners and investors really be worried when looking to buy or sell Dubai property?

Have no doubt about it, those who took the initiative and got in on the Dubai property market did very well for themselves. With Initial prices a fraction of today’s market value, those who saw the opportunity of the Dubai property market early have reaped the benefits of their foresight. However is it really all about to go wrong? With prices having increased to such an extent that Dubai property for the most part can’t be called great value any longer, is the property bubble set to burst many investors Dubai dreams? Well the answer, like most things is not straight forward. Sure, many media outlets are predicting the bubble to burst, but then people have been suggesting the freehold real estate market here was on its was down for a while now, and nothing has come of it.

Dubai has achieved so much in so little time, and not just in regards to the real estate market, but in terms of the city as a whole and its tourism attractions. Dubai is a place that gets things done. Looking around the city, it’s almost impossible to believe so much has been achieved in a decade. Dubai is not a place that does the normal way, nor does it do things by the books. A lot of the rapid prices increases seen in the market have been down to investors making quick money by buying and then quickly selling on property at a profit.  But with new regulations in place to prevent such practices, the positive effects on the market are already been seen. Property prices are still increasing, but now seem to be doing so at a slower and more sustainable rate. The Dubai Government will no doubt closely monitor the situation, and implement measures to reduce the likely hood of the property bubble bursting.

Whilst its impossible to predict what will happen in the future, at the moment all the speculation and worry in regards to the Dubai property market seems a touch unfounded, and should not be setting alarm bells ringing for investors and home owners just quite yet.   

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