Dubai housing market can still do better

I don’t think we’re [Dubai housing prices] yet in a bubble stage but we had a big rise in property prices already. We have not reached the 2007 peak yet.
We’re not in a bubble yet, but it may become a bubble in the future.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.