shiva

votes plz.
I did believe there would be one.
i still think there should be one,
But I now reckon that there are enough stupid people around who will swallow just about any story the dubai machine puts out
and they have slowed construction to the point where they may just avoid one altogether.

nb all bets are off if the bombs start raining down on Iran

Paidtoplease

What is this Polling Day today ???

shiva

Its nearly eid/xmas/new year/yr end blah blah blah bored people online so probably

Meow

Did you not get the memo?

shakh your bootie

Is there an option for there will be a correction, but it will probably be an oscillation of +/- 20%?

Meow

I'd have gone for that, or something similar, but as it wasn't on the list I went for 'the sky won't fall'. I don't consider that to be a huge crash. Besides, there are still plenty of people keen to buy - not so much as investments - but as their homes. That changes the market somewhat.

shiva

yup, im counting a small correction as sky wont fall

Eeyore

Enough heavyweight independent analysts were saying that given the (previous) pace of construction, a crash was inevitable, that the government looks to have taken steps to try and stave it off. Simply forcing a slowdown in construction by engineering a labour crisis is crude, but it may be effective.

However, they've still got the headache of trying to maintain high property values and rents while attempting to mitigate the negative economic impact of runaway inflation coupled with the weakness of the dirham. Given Dubai's record on forward planning, I really don't have any confidence that they know what they're doing.

TA5

Neither does anybody else (article from WSJ)

http://forum.skyscraperpage.com/show....php?p=3228644

IndieG

After the sub-prime fiasco, I wouldn't trust any of these rating agencies.....much less the companies in Dubai (if) rated by them!