From Arabian Business:

Everyone I meet is wondering the same thing: are we in the middle of a second property crash? Has anyone really got a clue?

Okay, let me declare a few things first: I am no expert. This is just my opinion, and I am sure many of you will email me (again) to say its total drivel. That’s fine; at least my mother loves me.

Anyway, here’s the issue: does anybody know exactly what is going on in the market right now? There are, I think, three ways to measure.

First, the view of so-called “experts”. Second, anecdotal evidence, and third, the view of established and respected estate agents.

Let’s kick off with an “expert view.” My favourite is this, from Marcello Sambartolo, head of marketing at propertyfinder.ae.

Last week he sent all media organisations a press release proclaiming that the big summer crash “did not materialise.”  I am intrigued, Mr Sambartolo. How do you know? This is early August, we’re still in mid-summer!  (I’m tended to say something here that I know I shouldn’t).

Bizarrely, this property guru also claims in the same  press release that “prices have once again taken a dip.” 

Is this a second crash? - Real Estate - ArabianBusiness.com