It's very difficult to say. The current shortage of housing is keeping upward pressure on rents - and, hence, resale values too.
However, I'm uncertain what effect the large scale projects currently in progress will have on prices once they are completed. I'm referring here to the Barwa projects in particular as they will add thousands of living units to the market in the next few years. It's difficult to say if the rate at which expats are arriving (and keeping pressure on demand) will be higher than the number of units becoming available.
I, personally, will not invest here. I think the probability of the bubble bursting is quite high. Although, if you're in the market for 5 years only, you may get some return. Longer than that I think is very risky.
*** Light travels faster than sound. That's why most people appear bright until they open their mouths.
It's very difficult to say. The current shortage of housing is keeping upward pressure on rents - and, hence, resale values too.
However, I'm uncertain what effect the large scale projects currently in progress will have on prices once they are completed. I'm referring here to the Barwa projects in particular as they will add thousands of living units to the market in the next few years. It's difficult to say if the rate at which expats are arriving (and keeping pressure on demand) will be higher than the number of units becoming available.
I, personally, will not invest here. I think the probability of the bubble bursting is quite high. Although, if you're in the market for 5 years only, you may get some return. Longer than that I think is very risky.
*** Light travels faster than sound. That's why most people appear bright until they open their mouths.