The last time I have to talked to Dubai residence people, they live in denial or still don t understand real estate especially those pathetic real estate
idiots. I heard them talking live on Dubai eye. Just pathetic, incompetent.
Dubai will become a city as any other city in the world.
The rent will be paid monthly, there will be more competition in the real estate sector and everywhere else. Prices will be settled by supply and demand.
Taxes will be implemented for companies and everyone working in Dubai. Why not?
The government needs to raise funds for their budgets, like all cities in the world. Dubai is not an oil rich nation. The sponsorships will come to an end or even more business will go to the Free Zones or not come at all.
If all that will take place the credit rating for Dubai will actually go up.