Thinking of buying investment property in Dubai?  Look at the foreclosures when they start happening. The amount of loan defaults across the UAE continues climbing and the banks are considering repossessions as a way of balancing their books. With property prices in Dubai down as much as 70%, and thousands more new properties still entering the market place one would have expected a few bargains to be had. But – lacklustre auctions and developers holding vast stocks are keeping prices from properly correcting.

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