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Correction in Dubai Propoerty Sector

Dubai's property sector is not heading for a slowdown, even though some 'saturated' areas could see prices level off, according to officials at two major UAE property developers, cited by Gulf News. The comments were made by representatives from Dubai Properties and Tameer Holdings in the face of reports from property brokers that the local market is heading for a correction. (ameinfo.com)

This is an interesting stance by the developers but market correction is a phenomena as natural as breathing. Market correction came to even the most sustainable economies, so it is a matter of time. However it would be interesting to see if government steps in to stabilize the living costs to trade profit with long term sustainability.
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