According to the message, “this December presents a wealth of opportunities… sale properties in Dubai are currently quoted at low prices… even luxury projects taking shape in Palm, Jebel Ali have their prices slashed down to 40%... [but] for expats who have just stepped into Dubai, it would be especially wiser to tread carefully”. No kidding. The property market might not be too pretty over here, but it’s looking positively ugly in Dubai.

Our publisher turns down an offer he knows he has to refuse, in his weekly guest column for Citywire.

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