- This topic has 8 replies, 8 voices, and was last updated 15 years, 3 months ago by
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More property woe, this time its Dubai.
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@gnik wrote:
More property woe, this time its Dubai.
Dubai will be a subject of study for next generations as the best example of greed, stupidity and ignorance.
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@brianc_li wrote:
I read earlier this week that Dubai property prices slumped 40% in the first quarter of this year alone.
Whilst it sounds horrible (and no doubt is) for some investors. You can bet that their slump will not last five years.
No it could last forever. Why would anyone want to buy in a country as Inez says can shaft you as they like.
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I know someone who recently returned from Dubai. Been trying to sell for over a year, he says the place is crumbling, lots of empty unsold blocks and empty blocks that were bought for investment. I hated the place, some great shopping malls but the prices are higher than London…and the price of drinks 😯
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@brianc_li wrote:
I read earlier this week that Dubai property prices slumped 40% in the first quarter of this year alone.
Whilst it sounds horrible (and no doubt is) for some investors. You can bet that their slump will not last five years.
The nature will take over the human greed in Dubai. There won’t be a slump there, just a return to the normal desert-empty conditions, with some sunken islands.
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“And if you think the Spanish legal system is odd, the rulers in Dubai can change any law at a stroke without any recourse for the shafted ones!”
Its not a Democracy or a member of EU. The Country does not have a legal system as we in the West understand or led to believe. Whatever the Sheikh says goes.
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