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Hi: Most of us are aware of the legal situation regarding the Hydra Village problem with respect to unwarranted increased prices, changed contracts, little/no construction progress etc. and the subsequent legal action being undertaken by the Hydra Investors Group. The facebook link is...

Prices fall to earth in secondary market - The National Newspaper Sweeping change for Abu Dhabi property - The National Newspaper Some good, some bad.

Here is an article from yesterday. At least the locals won't have to worry about going to 'debtors prison' as they'll all still have their jobs. Maybe they can revive the economy :). UAE considers law to ban termination of Emiratis - Politics & Economics - ArabianBusiness.com

Hard to tell from all of your rants about the west being anti-muslem and against the muslem state of Dubai. Go back and read for yourself. One things is for certain. You are a moron. Step away from the monitor, turn off the TV, and pick up a book. It will do wonders for your mind!

Somehow I doubt the NYTimes is guilty of shoddy journalism in this case, but you are free to read and believe whatever you like. I'm sure the local papers are so much more reliable about what is going on :rolleyes: That is what free choice and freedom of the press is all about. Oh wait. They...

With respect to it looking like a ghost town, I'd have to agree to an extent. How many buyers are there these days? Not exactly banging down the proverbial doors are they? Have you actually seen how many empty apartments there are? Have you seen how many lights are off at night? As one reader...

This one certainly set off a bit of a firestorm. That was unintended. One has to realize that all media outlets from all countries have some sort of agenda. That is a well known fact and most people that are reasonably intelligent accept that and try to view these things with a critical eye...

http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.html?_r=1&hp looks like the major 'Western' media outlets are reporting about the rumours now as well

Just posted the facts about Miami for comparative purposes. For instance, if one can get a 2 bed/2 bath luxury ocean view condo in Miami/Miami Beach for 200-250000 $ these days, one might assume that the price should at least be somthing similar in Dubai for around the same thing. That would be...

I have taken the first one off and left the other two 'real' ones. If anyone else has anything similar please share it. The press here is controlled and I don't think they really want people to know how bad it is and how much worse it will probably get. On another note, I did some checking...

YouTube - Dubai Property Market Collapse !!!!!!!!!!!!!!!!!!!!! YouTube - Dubai Real Estate Crash !!!!!!!!!!!!!!!!!!!!!!!!!!! :( Taken the first one down! Agreed...its bogus, but these two are frightening indeed. What is worse is that many of these places aren't even renting now. If...

While I don't stand to lose 300000, I'm in a similar boat. I've made 140000 in installments on a Hydra place with another 70,000 or so to go. I bought in Jan for 1700 sq ft and have been told these are now selling at 1200 per square foot. If these things continue to decline I'm not sure it will...

That news about Emirates Bank/ Dubai Bank is not good - 25,000Dh/month salary for a mortgage...WOW!! An increased supply of empty apartments won't be too big a deal for landlords as people can't buy them anyways (no mortgages :) )and will need to rent. Some competition will come from those who...

Hi all: I was doing some digging around this week in preparation for the Abu Dhabi Real Estate and Investment Show 27-29 Jan 2009. I spoke to a real estate agent at a very reputable company with respect to the price per square ft. of my places. She mentioned that some are being listed at...

"The sooner owners realize that this is not going to turn around in a few months - they'll wake up and start renting out those units for income - at the new adjusted market prices... and be prepared to wait.... With decresed inventory being introduced into the market over the next few years -...

I agree with your suggestions, but I disagree with your point about the relationship between Abu Dhabi and Dubai. People do not come to Dubai for oil. The major industries they are developing are finance, banking, tourism and real estate (ironically). While Dubai does have the 'brand', it...

I disagree. If you have only put down 10% and still are expected to make payments on something of which the value will depreciate by anywhere up to 40%, then why would you do so? I suppose it is is your money and you are free to burn it if that is what you like, but that makes absolutely no...

I'm not talking about selling necessarily. If you have only put down 10-20% and can't sell, walk away and buy something else that is cheaper in six months to a year as prices depreciate. Its called cutting and running. Take your lumps now and buy something cheaper later. You have to decide which...

First, many of these places in JVS will not be completed. The developers can't afford them any longer. Be very careful. Second, you probably paid too much for it, if you purchased at any time during the last year or so. Third, you have to look at how much you put down for a deposit and stand to...

Very well. I wish now that I'd invested more in Canada than here, although I do think Abu Dhabi is going to be the one that leads this country forward and NOT Dubai. That is fairly obvious now. I have a few places that I rent out in Halifax. They weren't as expensive to buy as property in...