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Dubai Faces liquidity challenges , says Moody

Discussion in 'Dubai property' started by memo123, Feb 16, 2009.

  1. memo123

    memo123 Member

  2. PropGuy

    PropGuy New Member

    that means prices will go down further and you will see more bankruptcies. But this is the time for people with money to buy stake in good business.
     
  3. PropGuy

    PropGuy New Member

    but to be real here, report doesn't mean Dubai will default, it means Dubai can default. There is a difference between 'can' and 'will.'
     
  4. sasherwani2

    sasherwani2 New Member

    How about a CPA/ACCA degree memo ? :)
    Agree 100% with Propguy. There are many strong UAE based businesses that are panicing due to a steep fall in demands, the kind of fall we havent seen in our lifetimes. By the mid of this year we shall witness a lot of foreclosures and bankrupcies locally and it will be a great time for the liquid "janta" to invest in these "underpriced" businesses. Please note I am not talking property businsesses here because I strongly believe the property market is not going to bounce back to 2008 levels till atleast 2015-2016. The companies I am trying to point out here are steel companies, technology companies, local restaurants, home-improvement outlets etc.
     
  5. PropGuy

    PropGuy New Member

    Stop the capital destruction.
    (1) Lower the prices of under construction properties.
    (2) consolidate real estate investors funds.
    (3) Cancel real estate projects that are not necessary and can be canceled, and move the funds into better investments as in point (4) below.
    (4) Learn from Japan's mistake, don't spend too much on real estate, use the funds to build industries for technologies that will provide jobs for next 20 to 50 years at least (e.g. health care industry, alternative/renewable energy industries, electric grid battery management systems, urban/vertical farming).
     
  6. DelboyG

    DelboyG New Member

    Your forgot point (5), or should it be point (1) provide proper residency so people can live here as opposed to work here. When people LIVE in a country they WILL buy property as it's in there long term interest to do so. Right now the protection against residency is 100% opposite to the the needs of the property market and that market will never recover if you are depending on tourists and migrant workers.
     
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