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I disagree with the growth rate used (6.3%). It is absurd, baseless and outdated. It was probably the growth rate during mid2008. Currently the growth rate is declining...but ofcourse, you wont find it in the newspapers. Recession isnt the only reason why prices have dropped 60%, there is an...

cough cough..* By the way the fall shall continue till Q4 2010 not just Q2 2010.

I suggest you study Hong Kong and Singapore' s economies before you even think of comparing UAE to those places.

As I predicted in mid 2008 :) Burj Dubai wont be complete till 2011.

The National people should try: Dubizzle.com | Property for Sale and Rent, Jobs, Classifieds Prices fell sharply (35-55%) from Jan-Mar '09. Then fell at a slow rate of 2-3%/month from Apr-Jun'09. In Jul itself, prices have fallen another 5%. A 1 bedroom is now available for 40k rental in...

2000 wasn't the year of a severe recession. It was just the dot-com bubble crash that the world recovered from in 11 months. The current recession is hurting Dubai deep into its roots. I dont think we shall see any stability in rents for another 2 years. Rents shall stabilize by 2010 end...

Why does anyone live in this horrible community anyway? A onebedroom here costs about 45k and u can get better accomodation in Green Community/ Motor city for almost the same rate... paying 5-8k more will get you in Discovery which is a mess itself but atleast it doesnt stink!

Default has a variable defination (In Dubai). It depends if you are a developer or an investor. Default (for an investor) means he loses all his money. Any laws protecting a percentage of your investments will eventually be either scrapped or shall bend towards the developer's side. Default...

UAE property prices will "never" reach 2008 levels in 10 years. It will take atleast 2 to 3 decades before we see those unrealistic prices again.

Dubai will be a good investment again when: 1. The market will reach the bottom (which it obviously hasn't as prices keep falling every week). 2. the property laws and regulations are more concrete and acceptable. 3. The real estate developers and firms are finished with the mergers and...

The law says that the tenant has every right to break a contract provided he/she pays the fines/penalties associated to it. You cannot blame the tenants for leaving your property if he feels you are overcharging him/her.

Deira Orient Real Estate - will definately keep this name in mind. Thanks Tanzy and good luck! The rents are about to have another freefall next month (with thousans of expats leaving for good as school term finishes) so try to hunt for an upgraded apartment next month!

Tanzy, you should file a complaint against the person in the civil courts. You shouldnt tolerate should abusive language. Dubai real estate market is really unprofessional and next time try to document everything a person says. This will get you "legally" prepared for any such abusive frauds in...

Rents are still ridiculous. My friend just moved to an apartment in Discovery Gardens and is paying 52k for a one bedroom. I visited him this Friday and was shocked to see the quality of contruction of the apartment. Basically for the same price ($ 1,180/ month),he can get an amazing 2 bedroom...

This place will start "dancing" again? Why so? Are you creating a million jobs in UAE by next year for the expatriates to come back? Thats the only way the excessive supply will meet the demand. I personally feel 2010 will witness Dubai attaining sustained rents. Nomore bubbles shooting rents...

Check out my "forecasted 2009 Rental Index for DG" posted late last year. It was around AED 50-55k I remember for a one bedroom (At that time DG rentals were around 115k for a 1 bed). I remember being ridiculed and mocked by many of those "insiders" and "brokers" back then. Wow it seems like it...

Many investors portfolios and Balance Sheets SOUND good as long as they dont run away :)

Haven't received any updates on Barakah from any of the investors, media or Barakah itself. Whats going on down there? Are they wrapping up the loot so the rest of the staff could escape the country?

Funny how Johann Hari had these secret powers which made every single expat in Dubai start talking "crap" about Dubai the moment he said "go!". I too am a victim of the lawlessness of the Dubai property market .. but enough of these poorly researched articles. We dont want Dubai to focus its...

Just like one Joseph Fritzel doesnt represent the entire Austria, not all labour accomodations are as sorry as the British media portrays it to be. Thats called distorted newsreportaing using selective information. Grow up UK? Dubai has some serious issues but please you should be the last one...