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I think people in Dubai were brainwashed into thinking real estate was like playing on the stockmarket. People are buying property now but for the more ordinary reason of having a nice place to live. Although I have to say I have come across some speculators from cash rich countries sitting on the side waiting to buy units in Burj Dubai etc. The problem is you cannot settle down in Dubai, if you have no job. Once you are terminated nothing you can do, with visit visa you cannot open even bank account (ok not anymore). Dubai is a place to come make good short term loan direct lender money pack up and go. If you start investing for the future you are finished. We are at the prices of 2006 and the down turn has stopped (still some adjustments are going on).
All over the world the prices are at 2005-2006 levels the only deference is that the peak in Dubai was higher. Unfortunately the current prices will not start going up until the demand overcomes the supply sometime 2011. We will see one very stable market with small variations in the next 2 years. We are at the prices of 2006 and the down turn has stopped (still some adjustments are going on). All over the world the prices are at 2005-2006 levels the only deference is that the peak in Dubai was higher.
Unfortunately the current prices will not start going up until the demand overcomes the supply sometime 2011. We will see one very stable market with small variations in the next 2 years. First of all, I am sick and tired from people like you who eagle-eye this forum for anyone who dares to step forward to give a sense of positive review for this chapter of horror in Dubai Saga...
True, this crisis has effected many people, but not everyone!
Extra amount of cash is going to be printed all over the world the value of the current money will be devaluated, and the prices if not up they will not go down. Unfortunately for Dubai, what Brendan R states, although a bit extreme, neatly sums up the confidence level, of millions of investors around the world. Dubai has had a bright light of optimism shining on it for very bad credit personal loans years, welcoming foreign investors with open arms, with great promises of visas, tax free-wealth, a whole ex-pat package, and it has been the most keenly observed las vegas why short term title loans are great city in the world.
First of all, I am sick and tired from people like you who eagle-eye this forum for anyone who dares to step forward to give a sense of positive review for this chapter of horror in Dubai Saga... True, this crisis has effected many people, but not everyone! I very bad credit personal loans have a friend who has a degree in Chemical Engineering.
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He currently works for a leading platinum refinery in South Africa as a processing engineer. He has a typical analytic mind (common for any engineer) and enjoys working in a like minded team. The real estate market world over has taken a beating and Dubai is no exception no matter what insulation was percieved by so called optimists.
It was greed that drove Dubai to the high prices that sank a lot of investors. A lot of investments in Dubai will actually not happen and in time to come the properties that are ready would start realizing the returns and possibly get healthy returns.
Nationality breakdown of the last census (2007) was NOT released as reportedly the population of Asians had further increased due to the massive influx of Asian construction workers required for the construction boom.
I think people in Dubai were brainwashed into thinking real estate was like playing on the stockmarket.
People are buying property now but for the more ordinary reason of having a nice place to live. Although I have to say I have come across some speculators from cash rich countries sitting on the side waiting to buy units in Burj Dubai etc. I think people in Dubai were brainwashed into thinking real estate was like playing on the stockmarket. People are buying property now but for payday loans gainesville fl the more ordinary reason of having a nice place to live.
Although I have to say I have come across some speculators from cash rich countries sitting on the side waiting to buy units in Burj Dubai etc. The problem is you cannot settle down in Dubai, if you have no job. Once you are terminated nothing you can do, with visit visa you cannot open even bank account (ok not anymore). Dubai is a place to come make good money pack up and go. If you start investing for the future you are finished.
We are at the prices of 2006 and the down turn has stopped (still some adjustments are going on). All over the world the prices are at 2005-2006 levels the only deference is that the peak in Dubai was higher.
Unfortunately the current prices will not start going up until the demand overcomes the supply sometime 2011.
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Unfortunately the current prices will not very bad credit personal loans start going up until the demand overcomes the supply sometime 2011.
We will see one very stable market with small variations in the next 2 years.
First of all, I am sick and tired from people like you who eagle-eye this forum for anyone who dares to step forward to give a sense of positive review for this chapter of horror in Dubai Saga... True, this crisis has effected many people, but not everyone! Extra amount of very bad credit personal loans cash is going to be printed all over the world the value of the current money will be devaluated, and the prices if not up they will not go down.
Unfortunately for Dubai, what Brendan R states, although a bit extreme, neatly sums up the confidence level, of millions of investors around the world. Dubai has had a bright light of optimism shining on it for years, welcoming foreign investors with open arms, with great promises of visas, tax free-wealth, a whole ex-pat package, and it has been the most keenly payday advance loan santa clara ca observed city in the world. It still is, people are still watching, as that bright light dims dramatically, and only partially due to worldwide events.. Yes, there has been a world-wide crisis, but recently there has also been too many problems, completely UN-realted to crisis, and more related to laws changing overnight, contracts being with-held, deeds being with-held, cancellation costs being un-decipherable, RERA seeming to be ineffectual, final service charges being unknown, etc etc, and NOBODY from authorities seeming to help the investors who are making the place, or too little too late, at least.