LifeinAsia - 3:24 pm on Jul 25, 2011 (gmt 0)
Are you really saying 3x is a lot?
It can be. If a buyer has the potential to really grow the site from its current level, 1-3X current earnings may not be too much. However, the Dubai market is *extremely* small (compared to North America and especially to the rest of the world). So I would say it would be extremely difficult to grow the site much larger without a lot of work (if even then), no fewer investors that would want to invest with such limited ROI expectations.
In general, small niche + limited investors = low valuation. Like Leosghost said, it's not a reflection on your site or you, it's just the way the market works.
Note- I have the same experience as you do- all the sites I own are very small (comparatively) niches. There is limited potential to grow them too much more. On the bright side, that usually means there's not as much competition. :)