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The property apocalypse draws closer...

The property apocalypse draws closer...

Old Apr 27th 2007, 3:43 pm
  #31  
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Default Re: The property apocalypse draws closer...

Originally Posted by IndieGirl
Dubai may become a magnet for these sorts..... Fortunately they won't be allowed to pay $50 million in cash for a new building. I don't think Dubai would risk its reputation to become a haven for money laundering.
PMSL, after what I've seen in the last month?
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Old Apr 27th 2007, 4:49 pm
  #32  
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Default Re: The property apocalypse draws closer...

Originally Posted by IndieGirl
I don't think Dubai would risk its reputation to become a haven for money laundering.

Eh??????????
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Old Apr 27th 2007, 5:25 pm
  #33  
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Default Re: The property apocalypse draws closer...

Originally Posted by IndieGirl
Developers are struggling for finance - and atleast 2 major projects are lagging for this reason
One of them wouldn't be Dubai Lagoon, would it?
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Old Apr 27th 2007, 6:17 pm
  #34  
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Default Re: The property apocalypse draws closer...

There is more money/investment here than you would ever think, prices (esp of off plan apartments) will continue to rise, think 15% p/a.

FACT
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Old Apr 27th 2007, 6:31 pm
  #35  
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Default Re: The property apocalypse draws closer...

Originally Posted by MJC
PMSL, after what I've seen in the last month?
Well, its not quite in the same league as how much money is laundered in multinational banks in New York........
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Old Apr 27th 2007, 6:33 pm
  #36  
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Default Re: The property apocalypse draws closer...

Originally Posted by IndieGirl
Well, its not quite in the same league as how much money is laundered in multinational banks in New York........
Indeed, but when a (nationality undisclosed) walks into a developers offices with $1m in notes, you gotta think eh?
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Old Apr 27th 2007, 6:42 pm
  #37  
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Default Re: The property apocalypse draws closer...

Originally Posted by MJC
Indeed, but when a (nationality undisclosed) walks into a developers offices with $1m in notes, you gotta think eh?
MJC, that's still peanuts! ABN Amro's NY branch laundered over $70 billion....... In 2002-03 ABN Amro shipped more than $1 billion in 11,000 transactions to a single company in Lexington, Ky., called Allprex LLC!
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Old Apr 27th 2007, 6:44 pm
  #38  
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Default Re: The property apocalypse draws closer...

Originally Posted by IndieGirl
MJC, that's still peanuts! ABN Amro's NY branch laundered over $70 billion....... In 2002-03 ABN Amro shipped more than $1 billion in 11,000 transactions to a single company in Lexington, Ky., called Allprex LLC!
I ain't no hi flier hon, just say it as I see it.


(they weren't russian were they?)
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Old Apr 27th 2007, 6:53 pm
  #39  
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Default Re: The property apocalypse draws closer...

Originally Posted by MJC
I ain't no hi flier hon

Me neither........
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Old Apr 27th 2007, 6:56 pm
  #40  
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Default Re: The property apocalypse draws closer...

Originally Posted by IndieGirl
MJC, that's still peanuts! ABN Amro's NY branch laundered over $70 billion....... In 2002-03 ABN Amro shipped more than $1 billion in 11,000 transactions to a single company in Lexington, Ky., called Allprex LLC!
Do the words "Secret Bancaire" mean anything anymore???
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Old Apr 27th 2007, 6:57 pm
  #41  
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Default Re: The property apocalypse draws closer...

Originally Posted by Confucius
Do the words "Secret Bancaire" mean anything anymore???

In the same way as millanoh blrnic mate!!
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Old Apr 27th 2007, 7:02 pm
  #42  
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Default Re: The property apocalypse draws closer...

Originally Posted by Confucius
Do the words "Secret Bancaire" mean anything anymore???
Yes, in Switzerland
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Old Apr 27th 2007, 7:04 pm
  #43  
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Default Re: The property apocalypse draws closer...

Originally Posted by IndieGirl
Yes, in Switzerland
You're just too posh aren't you hon!
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Old Apr 27th 2007, 7:09 pm
  #44  
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Default Re: The property apocalypse draws closer...

Originally Posted by MJC
You're just too posh aren't you hon!
Far from it 'hon' .......... just happens to be my line of work
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Old Apr 27th 2007, 7:12 pm
  #45  
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Default Re: The property apocalypse draws closer...

Originally Posted by IndieGirl
Far from it 'hon' .......... just happens to be my line of work
What? You're a woman? You're not surposed to work in Dubai, you should have your husband/lover keeping you in the way you want to be accustomed, and having breakfast at the lime tree every day.....
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