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