One of the World’s most volatile realty markets, Dubai has had it’s more than fair share of highs and lows.
Just a few years back, Dubai’s realty was badly hit by a glut in properties, and global economic meltdown, which sent prices spiralling down.
Once again on a roll, prices have jumped up more than 50 percent in the last two years, and are only expected to go higher.
This has left the middle wage earners in a bind, as salaries are still tight, and rents have shot through the roof, forcing them to move quite far away from their places of work, and thus tarnishing their Dubai dreams.
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