Conflict could be drawn out, buying opportunity 2032Discussion around assumption that this is a Bearish chart price, Suggests if it plays out that Dubai property market has topped out
I think the price of property is closely linked to the regional financial index. If we make that assumption generally then can we say the following?
There is generally a 18.6 property cycle, so in Dubai, its 2008 plus 18 is 2026 so a market top is forecast now in any case. We can see the strong downturn in 2008 etc.
Now there is Iran conflict this adds to selling pressure the property market is down 17% in the last weeks in Dubai so real estate agents desperate to off load inventory, and will make up stories to keep buyers happy and completing on deals. If you have deep pockets you can buy and wait until the next bull trend say 2032 -2037 ish to get your money back. Just assumption of say 5 year up trend.
It looks like a wedge is forming, so if you take the height of the wedge and assume it breaks the lower trend line now, price moves to the target zone. You could make the bearish case that the real estate will move down 85% from here. Which will be a nice time for someone to come in and buy property.
Reach out in comments if you want better analysis unbiased by a TA
So if you are rich and live there atm, sell out and buy back a much bigger property after 2030 time. The numbers suggest you could sell now and buy 3 properties for the same money at the bottom. Kind of cool hey!
Unfortunately if this chart works out then potentially conflict may be draw out to justify such a low 85% fall in real estate prices. I hope every one is safe and I am only writing this up to give clarity to those out there atm who are under too much stress. With time prices nearly always recover 10-20 years later they will be much higher than now. Stay safe, may you be lucky. Check out DFMREI ticker for the real estate index but on Trading View data does not go back to make these assumptions.
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