The property prices are rising at daily basis in Dubai. The real estate and property dealing service are going to the decline due to the rising prices of property. It is really financial issue for the Dubai economy, the increasing prices of Dubai. It is almost impossible for a middle class person living inside or outside Dubai to buy any property and most of the people working in Dubai are middle class because they are hired from such under developed countries like India, Pakistan, Bangladesh etc. they can not afford to live in Dubai now and are shifting back to their countries or other sides.
Dubai has developed its infrastructure on such outsource people from small countries but now they are leaving Dubai due to rising property prices and their effects on the living. And this is not a good thing for Dubai and its progress.
But if you have money, and you want to buy a property in Dubai, it is a good opportunity for you to buy a house or property in Dubai because in spite of all the facts disturbing the mediocre, Dubai is still a blessing for rich people who can invest and earn lots of profits in the business of property dealing. This is one of the reasons that investment in properties of Dubai is still going on and people are buying and selling their property to earn profits. But the market consistency in Dubai is not acceptable via this condition because increase in prices has affected much to people living in Dubai. The rents of shops, malls and plazas are increasing as well and they are rising the prices of every day products and almost everything has grown up due to the rising prices of properties through out in Dubai. And due to the high prices it is affecting purchasing power of ordinary people who are now going back to their homelands or other countries to live and settle a good life there. People concerning the property issues must think about the increasing and rising prices of property. They should think about the purchasing powers on individual basis and try to make some policies to solve the rising prices issue of real estate in Dubai. But if this issue is not taken seriously, Dubai can face a real problem which can directly affect the economy of the city and people living in it.