International Property Investment » dubai bubble

Dubai Downturn Over Says Emirates Business

Mark Knowles — Mon, 01 Jun 2009 12:40:54 +0000

The latest press release, I ,mean editorial, I mean advertorial from Emirates Business is pretty clear that Dubai’s property bubble has finished deflating and we are back to boom times. Hold on to your hats!

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Dubai – Lawsuits Starting to Fly

Mark Knowles — Mon, 11 May 2009 10:53:27 +0000

The global financial crisis has hit Dubai particularly hard and Dubai’s property bubble has burst in a big way. Banks and property companies are renegotiating or defaulting on contracts left and right. The lawsuits are already starting to fly according to Reuters news agency.

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Property Investment Rumors – Burj Dubai Will sit Empty for a Year

Mark Knowles — Tue, 07 Apr 2009 11:28:30 +0000

The Burj Dubai reached it’s final height of 818 meters recently, but we are hearing an interesting rumor that, the Burj Dubai is now wholly owned by the Abu Dhabi government (see the recent Dubai bond issue) and as “punishment,” for their vaulted ambitions, the building will be left empty for at least one year after it is finished being fitted out.

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Dubai International Property Show a Flop and Another Broker in Dubai Goes Under

Mark Knowles — Tue, 17 Feb 2009 13:58:23 +0000

The Dubai International Property Show opened today with almost “no visitors” according to Property wire.

‘These are the difficult times and we must admit the reality and then find the solution,’ said Abdullah M Al Shizawi, managing partner of Heart of Capital.

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Projects in Dubai Cancelled or on Hold – Dubai Crash Update

Mark Knowles — Wed, 26 Nov 2008 10:01:44 +0000

Dubai’s major developers are canceling or delaying projects until such times as the property market returns to boom time

Nakheel have canceled all sales on Palm Jebel Ali until further notice. Ali Mansour, project director, said,

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Dubai Bubble Bursts – It’s official, but how far will it fall?

Mark Knowles — Fri, 21 Nov 2008 12:26:01 +0000

After months of press releases and government promises that there will be no such thing as a bubble in Dubai, the big boys of Dubai are finally saying, “Beam me up Scotty, I think I’m in trouble.”

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Dubai Bubble Finally Bursts?

Mark Knowles — Mon, 27 Oct 2008 16:53:17 +0000

Some time ago, we suggested that Dubai’s property bubble was about to burst. A recent Dow Jones report suggest that time has come. A six-year real estate boom in Dubai that spurred a $475 billion building frenzy has ended, according to agents who say sales are collapsing amid fears that the global economic downturn will hit the sheikdom.

Dubai CityScape fails to attract buyers, Stock Market in Freefall, and UAE Banks face $136 billion defecit

Mark Knowles — Mon, 13 Oct 2008 14:23:18 +0000

Record attendances notwithstanding, the mood at this year’s Dubai Cityscape could best be described as “wary,” and the exhibition failed to lie up to expectations investment-wise. Despite announcements of new developments of epic proportions, this failed to translate into sales.

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