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The proof that we are all wrong:

The proof that we are all wrong:

Old Mar 24th 2009, 10:52 am
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Default 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'
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Old Mar 24th 2009, 10:54 am
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**** it we'll do it live
 
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Default Re: The proof that we are all wrong:

Originally Posted by admon View Post
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'

is that the same damac who have yet to build 1/10th of what they've sold
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Old Mar 24th 2009, 11:02 am
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Default Re: The proof that we are all wrong:

Originally Posted by shiva View Post
is that the same damac who have yet to build 1/10th of what they've sold
You don't understand, this isn't a property downturn, it's a 'new market revolution'..
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Old Mar 24th 2009, 11:05 am
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Default Re: The proof that we are all wrong:

Originally Posted by shiva View Post
is that the same damac who have yet to build 1/10th of what they've sold
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.............
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Old Mar 24th 2009, 11:07 am
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Default Re: The proof that we are all wrong:

Originally Posted by TGFKASE View Post
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.............
I'm converted, Mr Damac speaks wise words..
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Old Mar 24th 2009, 11:08 am
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Default Re: The proof that we are all wrong:

Originally Posted by admon View Post
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'
does he honestly think anyone, anyone willt ake this seriously?
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Old Mar 24th 2009, 11:14 am
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Default Re: The proof that we are all wrong:

Originally Posted by Spugsy View Post
does he honestly think anyone, anyone willt ake this seriously?
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????
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Old Mar 24th 2009, 11:16 am
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Default 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?)
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Old Mar 24th 2009, 11:30 am
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Default 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:
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Old Mar 24th 2009, 11:33 am
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Default Re: The proof that we are all wrong:

Originally Posted by lionheart View Post
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:
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?
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Old Mar 24th 2009, 12:40 pm
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Default Re: The proof that we are all wrong:

Originally Posted by admon View Post
http://www.gulfnews.com/business/Inv.../10297619.html

The paradigm has changed. One should not expect overnight returns
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.
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Old Mar 24th 2009, 12:59 pm
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Default Re: The proof that we are all wrong:

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

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?
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Old Mar 24th 2009, 1:04 pm
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Default Re: The proof that we are all wrong:

Originally Posted by Hello.Kitty View Post
"in the next decade Dubai will become one of world's best planned cities. "

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?
Nah, they will stick to the plan and have more stand alone infrastructure and retrofitted developments.
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Old Mar 24th 2009, 1:13 pm
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Default Re: The proof that we are all wrong:

Originally Posted by Roadking View Post
Nah, they will stick to the plan and have more stand alone infrastructure and retrofitted developments.
Exactly. "Best planned city" my ar$e.

I sometimes think they designed it using SimCity...
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Old Mar 24th 2009, 2:46 pm
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Default Re: The proof that we are all wrong:

Originally Posted by Hello.Kitty View Post
Exactly. "Best planned city" my ar$e.
......very candid assessment
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