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Market built on more than sand

Discussion in 'Dubai property' started by monsi, Dec 14, 2008.

  1. monsi

    monsi New Member

  2. Khalil

    Khalil New Member

    A very refreshing article, puts things into perspective.. thanks for sharing Monsi.

    This particular quote is so true:

    “Developers were focusing more on investors, who look to resell their properties as quickly as possible.... not much thought was given to the end-user”
  3. zombie

    zombie New Member

    Yes sometime in the future it will attract the investor(precisely why there was such a mad rush to buy in dubai in the first place), meanwhile these people are waiting for prices to drop more.
    So the obvious answer is that those who hold ready property will not suffer as much as the ones doing offplan(Develpers are facing the credit crunch as well, & defaulters along with falling offplan prices are not going to help themdeliver their launched property anywhere near their schedule)

    Talk about stating the obvious
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