Experts: Dubai's real estate sector not bubble
Dubai's real estate sector-led economic growth is not under any bubble like threat, according to financial experts participating in a discussion on the 'Dubai Inc and the Role of Islamic Finance'.
“We are not in a bubble-like situation yet, there's still a balance between supply and demand,” said Ziad Makkawi, CEO of Dubai Bank. “The big question is, come 2007-08, are we still going to be in that situation? The jury is still out on this one,” he added, according to Khaleej Times.