Friday, December 26, 2008

A wager for Ali Khan of Arqaam Capital

Let it be remembered that in December 2008, Ali Khan, executive director of investment bank Arqaam Capital, said that the complete and total collapse of the Dubai real estate bubble is just a mere hiccup.

Senior financial executives put Dubai in a good position to face the challenges of the global downturn.

The fall in real estate prices in Dubai should reach a bottom in just three to four months, according to Ali Khan, executive director of investment bank Arqaam Capital. 'The real estate market will reach a bottom a lot quicker than people are anticipating,' he said.

50 big ones says you're wrong, Ali. I am good for it. Dubai real estate will be down 90% from peak value when all is said and done.

3 comments:

Patrick said...

Fantastic real estate blog post! Pictures are worth thousands of words, it’s nice to see the attention to detail from your end. Thanks

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pjeary said...

Has anyone done a short sale in Real estate? Let me know what the lenders are looking for. Anyway thanks for this great post.

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Buy Levitra said...

It is a similar position to that that U.S. economists had before the crisis . Dubai should restructure its economical policies.