Tamweel's desperate attempt to keep property prices high for two more years.....
Feb 4th 2008, 3:37 pm
#1
Lost in BE Cyberspace
Thread Starter
Joined: Jul 2007
Posts: 13,553
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..... 
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
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
Feb 4th 2008, 8:13 pm
#2
Forum Regular
Joined: Dec 2007
Posts: 163
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!
Feb 5th 2008, 1:35 am
#3
Big Member
Joined: Jul 2005
Posts: 3,889
Re: Tamweel's desperate attempt to keep property prices high for two more years.....
http://www.arabianbusiness.com/51013...second-highest
Last edited by NorthernLad; Feb 5th 2008 at 1:38 am.
Feb 5th 2008, 3:36 am
#4
Lost in BE Cyberspace
Thread Starter
Joined: Jul 2007
Posts: 13,553
Re: Tamweel's desperate attempt to keep property prices high for two more years.....
You might be closer to the truth than you think if this continues:
http://www.arabianbusiness.com/51013...second-highest
http://www.arabianbusiness.com/51013...second-highest
