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New Dubai Announcement Just Out

New Dubai Announcement Just Out

Old Nov 24th 2008, 7:24 am
  #1  
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Default New Dubai Announcement Just Out

Not sure exactly how to interpret this............... more from me as and when I get it...........

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.
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Old Nov 24th 2008, 8:12 am
  #2  
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Default 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.
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Old Nov 24th 2008, 8:15 am
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Default 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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Old Nov 24th 2008, 11:10 am
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Default Re: New Dubai Announcement Just Out

is he not under house arrest?
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Old Nov 24th 2008, 11:20 am
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Default Re: New Dubai Announcement Just Out

Originally Posted by commander View Post
is he not under house arrest?
He was on Al Arabiya TV earlier this afternoon...Must be office arrest...
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