The Guru College
The bubble is about to pop
The Dubai property speculation bubble is about to pop. Aldar, a major developer, is looking to restrict the ability of customers to re-sell their property purchases. This comes on the heels of the decisions by Nakheel to prevent people who have purchased into the Trump project here from selling for a full year after purchase. All in all, what this means is there’s going to be a clamp-down on the silly profits that have been fueling the bubble. Which in turn means that the investors are going to bail out before more “controls” are added to the market, and the market will “correct”. The banks aren’t going to like this…