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New Dubai Announcement Just Out
Not sure exactly how to interpret this............... more from me as and when I get it........... :confused:
12:11 24Nov08 RTRS-DUBAI HAS DECIDED TO PULL BACK ON SUPPLY IN THE PROPERTY SECTOR -DUBAI GOVT OFFICIAL Dubai to pull back on property supply -official DUBAI, Nov 24 (Reuters) - Dubai has decided to pull back on its building spree in light of the financial crisis, Mohamed Alabbar, a Dubai government official and chairman of Emaar Properties <EMAR.DU> said on Monday. |
Re: New Dubai Announcement Just Out
Put that one, and this one http://www.reuters.com/article/marke...68634420081124 together and what does that say to you....
DUBAI, Nov 24 (Reuters) - Dubai has recieved no offers for its major assets from Abu Dhabi or other parties, a Dubai government official said on Monday. "It is not true," Mohamed Alabbar, who is a member of Dubai's executive council and chairman of Emaar Properties EMAR.DU told Al Arabiya TV. "Dubai has recieved no offer either directly or indirectly from Abu Dhabi or any other party on earth," he said when asked if Dubai's assets were for sale. |
Re: New Dubai Announcement Just Out
We won't be hearing any of the "Sold OUT!" anytime soon then.. It was obvious from the start that there was an oversupply of properties and at some point they just gonna have to stop building to get rid of the rest of the empty units.
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Re: New Dubai Announcement Just Out
is he not under house arrest?
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Re: New Dubai Announcement Just Out
Originally Posted by commander
(Post 7003763)
is he not under house arrest?
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