Marc Faber : No Dubai Property Market Bubble despite price rises

Dubai’s property market was at a less critical phase, Mr Faber said on the sidelines of the Middle East Investment Summit in Dubai on Wednesday. “I don’t think we’re yet in a bubble stage but we had a big rise in property prices already,” he said. “We have not reached the 2007 peak yet. We’re not in a bubble yet, but it may become a bubble in the future.” - in The www.thenational.ae/business/industry-insights/property/no-dubai-property-market-bubble-despite-price-rises-says-investment-guru-marc-faber


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.