Jeeper

Because from the air it has the shape of a falcon.
Of course...much like the palms......you can't frickin tell what it looks like when you live there so who the f cares?!?!

City of Arabia is also in trouble I understand.

captainflack

Oh lordy.

Fact is that anyone who thought a 20-50% return on investment per year (or more) was 'safe' is an economic illiterate.

2-3 properties each? They probably think that hedging is green stuff that goes around the edge of your garden.

The fact is people like this will always conspire to lose everything. I have some magic beans if any of them are interested?

Charismatic

I'd assume that if they felt property was risky and they couldn't cash in they would have opened short positions on something else to provide some cover while they tried to sell . She does work in risk management after all .

IndieG

They're not in Risk Mgmnt - these are peeps in Sales....

IndieG

Will check and see if they might be interested...

I actually told one of them to get out 6 months ago - when he could still find the last batch of "investors" willing to pay stupid prices - unfortunately he got greedy....

Charismatic

Owww...I see .

Nothing wrong with greed, Gordon Gecko says "Greed, for lack of a better word, is good."

captainflack

Well, if they are good sales people, now would be the time to prove it

diablo

... did not log for 1 year ... and still the same argument!? Are we now closer to the bursting bubble?

BurpusMe

Speculators are scared now, and they'll be out of their minds next year!
The highly-leveraged among them will be forced to liquidate.

If you're planning on staying in Dubai for another 5-6 years... 2009/2010 could be another chance to buy at the 'bottom of the market'.

I may be the last optimist left, but I believe UAE has an incredible future, and Dubai is going to play a big role in it. To me, this looks more like a hiccup than the beginnings of a ghost-town.

Desert Dweller

Dubai will never be a ghost town but I reckon that hiccup may turn into some pretty painful indigestion!

BurpusMe

Indigestion... and perhaps some vomiting and diarrhea.

Nothing a little milk of magnesia won't fix.

What were we talking about again?

BurpusMe

The cheapest Marina 3BR is posted at 210K.
Did you mean December 2009? Or were you talking about a different Marina?

Blue Cat

what it is listed as and what it goes for are two different things, if it goes at all which I am guessing it wont

BurpusMe

I may just look for one of these sub-100K 3BR Marina apartments when my lease expires!

Desert Dweller

If you can afford it and your job is secure you bloody well should!!