The property market in Dubai has suddenly gone quiet. The global economic woes have started to have an impact on Dubai.

I believe that it is the time for major market players like Emaar, Nakheel, Dubai Properties and also the Abu Dhabi players like Sorouh, Tamouh coupled with mortgage lenders like Tamweel, Amlak need to step in to reassure the markets.

Also it would be vital for major market players like Dynasty Zarooni to also step in and make the case for the stability and long term health of the market.