Boom time again for Dubai property? - Real Estate - ArabianBusiness.com
Might it be time to consider buying Dubai property again? I only ask because the oil price, as I type, is $116 a barrel, and no one thinks that’s absurd. Certainly, it is unlikely to decline against a backdrop of the worst and most widespread unrest in the Middle East in living memory. The madness in Libya – which accounts for two percent of the world’s daily oil consumption – looks set to worsen considerably, and should unrest spread to Saudi Arabia then the common prediction is the oil price will go over $200, comfortably.
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