I was hoping to start this New Year newsletter by including some forecasts for the 2018 Dubai Property Market. However, after an extensive search through the online news channels, the end of year reports from the property portals and those of the major real estate companies, it is almost impossible to find a consensus of opinion.
Nobody can accurately and consistently forecast the property market and one should not put too much faith in predictions. However, some things can be ‘guesstimated’ with reasonable accuracy. The market will go up and down and investors will rarely ever buy at the bottom of the market and will never sell at the top of the market. The astute property investor must ignore the noise and focus on the basics of property investment:- location, quality, design and value within a diversified portfolio whilst investing for the long term.
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