How does the $700bn bail out impact on the UAE and local real estate? « Peter J. Cooper’s Weblog

Real estate prices in Dubai should also see a slowdown in price rises, and the selling of new off-plan projects could become very much more difficult at least in Dubai, perhaps not Abu Dhabi just yet: partly because Dubai off-plan supply is so high and partly because the global credit crisis will remove many potential buyers. However, completed property remains in very short supply in Dubai, and demand is huge, so price falls look most unlikely for sometime to come.