For all those with droopy shoulders and sad faces in regard to the real estate market -- keep your chin up. Yes there has been some panic with investors who played a risky game of buying and hoping for a quick turn around which of course is unlikely for most. I am refering to people buying floors and large numbers of unit who have now hit the market in a desperate bid to sell at no premium because they dont have the next payments, but it appears 2 schools of thought prevail, both depending greatly on your finance and nerve. Either take the hit and default on payment for which there is a possibility you will get back 70% of what you have paid with law 13, but only when the unit has been sold in the market. This could take some time so you would have to wait. Or, continue with your payments and change your expectations regarding return and duration of that return then hey, the market WILL stabilize in time and esp. if the unit you have is in a great location as these are the areas that will recover first. The market here has been heading for a correction for some time, it is a shame that this correction, coupled with the slow summer sales, Ramadan and the looming credit crisis all happened at once. Due to this there is an unfounded panic which I believe will settle in the coming weeks. The longer term investor will win out in this situation, longer term meaning one year or completion of the project. The resale market has two types of investor, those who want to flip in the market (right now these are few to be found) and the end user who will either live there themselves or rent out as an investment. This is your target market should you choose to continue, and those units that are ideally situated for this type of investor and if put on the market at a fair price should sell. I still have my Burj flat w/Emaar, and sure, I wished it sold it at Cityscape, but I'm trying to see it from a broader perspective because the location is very good, and the developer is a solid bet, I'll just have to see what happens next.