Tamweel's desperate attempt to keep property prices high for two more years.....
We'll try anything, however unlikely it sounds, said a Tamweel spokesman..... :sneaky:
16:31 04Feb08 RTRS-REUTERS SUMMIT DUBAI HOMES SUPPLY UNLIKELY TO MEET DEMAND UNTIL 2011 INSTEAD OF 2009 AFTER WORKERS EXPELLED –TAMWEEL 16:31 04Feb08 RTRS-Reuters Summit- By James Cordahi DUBAI, Feb 4 (Reuters) - Dubai-based Islamic mortgage provider Tamweel’s Feras Kalthoum, head of investments, told the Reuters Islamic Finance Summit in Dubai on Monday: “Last year's expulsion of about 200,000 labourers from the UAE caused a shortage of workers on construction sites in the federation, pushing back by at least two years to 2011 the time when the supply of homes in Dubai catches up with demand”, Tamweel said. "The economics was not property researched," Kalthoum said of the expulsions. Tamweel had expected supply to catch up with demand next year. (Editing by Will Waterman) (([email protected] and [email protected]; +971 50 458 4941 |
Re: Tamweel's desperate attempt to keep property prices high for two more years.....
Start your own rumour " all expats to pull out of Dubai due to high rents and low salary increases!
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Re: Tamweel's desperate attempt to keep property prices high for two more years.....
1 Attachment(s)
Originally Posted by axlenoyl
(Post 5884390)
Start your own rumour " all expats to pull out of Dubai due to high rents and low salary increases!
http://www.arabianbusiness.com/51013...second-highest |
Re: Tamweel's desperate attempt to keep property prices high for two more years.....
Originally Posted by NorthernLad
(Post 5885635)
You might be closer to the truth than you think if this continues:
http://www.arabianbusiness.com/51013...second-highest |
Re: Tamweel's desperate attempt to keep property prices high for two more years.....
Originally Posted by The Dean
(Post 5886071)
Why don't they build one of those nice labour camps for senior executives and their families?
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