As per usual, getting any solid factual information about the state of the UAE’s property investment market is difficult, but a recent survey by the Royal Institution of Chartered Surveyors (RICS) points to another rise in commercial property defaults in the UAE for the second quarter.
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Lately, even the mainstream media in the United States are overdosing on apocalyptic reporting.
Once you’ve covered a global financial meltdown, a global swine flu pandemic, the bursting of the largest residential real estate bubble in memory, the prospect of bankruptcy at two of the Big Three auto manufacturers, U.S. policies on torture (and its salient drawbacks and rewards), and the spectre of thermonuclear war waged by any of a handful of rogue nations currently run (or about to be run) by insane persons, you do start to get a little jaded.
More on Will Commercial Real Estate Be the Next U.S. Financial Disaster?
Emaar-IGO, a venture between Emaar, Syria and IGO, an offshore investment and property development company, will launch an exclusive sale of prime office space at “The Eighth Gate,” – Emaar-IGO’s planned community in Syria, at the Downtown Burj Dubai sales centre on February 23rd – 10.00 to 18.00.
The first-time buyer crisis has been one of the major issues of the housing industry and recent events have ensured it is not about to go away. Nor, as a result, will the scapegoating.
