The proof that we are all wrong:
 

http://www.gulfnews.com/business/Inv.../10297619.html

the best bits for me:

However, this is the time to invest. There are no two ways about this fact. History has proven that individuals who respond to a new market revolution in a timely manner, planning for an upturn during a downturn emerge successful within the market.

Whilst the global recession continues to affect everyone, it is important to understand that it also provides a new opportunity for us to realise - the future is inevitably bright as Dubai will have its golden days again

Written by Hussain Sajwani, Chairman of DAMAC properties.


I've only one thing to say to him.. 'you first mate'

Re: The proof that we are all wrong:
 

is that the same damac who have yet to build 1/10th of what they've sold

Re: The proof that we are all wrong:
 

You don't understand, this isn't a property downturn, it's a 'new market revolution'..

Re: The proof that we are all wrong:
 

Why is these numpties in real estate think that anyone is gonna believe them trotting out this shite? When someone with no vested interest in the Dubai real estate market tells me something like this, I may pay a little bit of attention. Till then.............:p

Re: The proof that we are all wrong:
 

I'm converted, Mr Damac speaks wise words..

Re: The proof that we are all wrong:
 

does he honestly think anyone, anyone willt ake this seriously?

Re: The proof that we are all wrong:
 

So far, from memory, we have had the guys at Emaar, Damac and BH telling us that NOW is the right time to buy. Anyone else out there willing to prostitute their ethics in the name of profit????

Re: The proof that we are all wrong:
 

the gulfnews articles just seem to have oversubscribed to the theory that if you don't talk about a recession, it won't happen (fingers in the ears yelling "la la la, i can't hear you!") and this stuff really should have "advertorial" stamped across it.

(revolution - does he mean the swirl around the inside of the toilet bowl as it gets flushed?)

Re: The proof that we are all wrong:
 

I got all excited about the Dow Jones Index rising 5% last night so what does the FTSE do today? Its down 1.5% right now.:curse:

Re: The proof that we are all wrong:
 

you will have manios del pinhead on your case..

..shouldv'e invested in a laundromat.. or a baseball game..

i take it you had a flutter on the ftse today?

Re: The proof that we are all wrong:
 

True but i do not see the next paradigm shift happening anytime soon, sorry for being pessimistic. overnight could be interpreted as tomorrow, the day after or 5 years from now.

Re: The proof that we are all wrong:
 

"in the next decade Dubai will become one of world's best planned cities. "

:rofl: What, are they going to demolish it and start again, this time with a masterplan that actually works? Or will it be more retrofitted infrastructure and stand-alone developments?

Re: The proof that we are all wrong:
 

Nah, they will stick to the plan and have more stand alone infrastructure and retrofitted developments.

Re: The proof that we are all wrong:
 

Exactly. "Best planned city" my ar$e.

I sometimes think they designed it using SimCity...

Re: The proof that we are all wrong:
 

......very candid assessment:lol:

Re: The proof that we are all wrong:
 

Isnt this just typical Emirati trying to save face regardless of anything else?

Re: The proof that we are all wrong:
 

Every machine is filled with sheets and pillow cases from nearby condominiums right now. Thats real, thats just not little numbers on a computer screen. Comprende amigo!?

Re: The proof that we are all wrong:
 

Regular little Dot Cotton aren't you? Make sure you seperate your colours!;)

Re: The proof that we are all wrong:
 

*sigh* manos, are you really this thick? no one gives a damn about your little scheme, go flog it to someone who cares and stop cluttering up these threads with your spam

Re: The proof that we are all wrong:
 

When something is down, it only can go nowhere but up...

Re: The proof that we are all wrong:
 

but is it at the bottom? when will it go up? and how long a climb will it be?

Re: The proof that we are all wrong:
 

Well that still remains to be seen. The downturn in economy surely has scared off a lot of investors especially in this part of the world. Before new contracts could be signed, the old ones should be revisited. I don't think it would be long now, something drastic will happen soon.