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He currently works for a leading platinum refinery in South Africa as a processing engineer.

He has a typical analytic mind (common for any engineer) and enjoys working in a like minded team. The real estate market world over has taken a beating and Dubai is no exception no matter what insulation was percieved by so called optimists. It was greed that drove Dubai to the high prices that sank a lot of investors. A lot of investments in Dubai will actually not happen and in time to come the properties that are ready would start realizing the returns and possibly get healthy returns. Nationality breakdown of the last census (2007) was NOT released as reportedly the population of Asians had further increased due to the massive influx of Asian construction workers required for the construction boom. I think people in Dubai were brainwashed into thinking real estate was like playing on the stockmarket. People are buying property now but for the more ordinary reason of having a nice place to live. Although I have to say I have come across some speculators from cash rich countries sitting on the side waiting to buy units in Burj Dubai etc. I think people in Dubai were brainwashed into thinking real estate was like playing on the stockmarket. People are buying property now but for the more ordinary reason of having a nice place to live. Although I have to say I have come across some speculators from cash rich countries sitting on the side waiting to buy units in Burj Dubai etc. The problem is you cannot settle down in Dubai, if you have no job. Once you are terminated nothing you can do, with visit visa you cannot open even bank account (ok not anymore). Dubai is a place to come make good money pack up and go.

If you start investing for the future you are finished.

We are at the prices of 2006 and the down turn web loans online has stopped (still some adjustments are going on). All over the world the prices are at 2005-2006 levels the only deference is that the peak in Dubai was higher. Unfortunately the current prices will not start going up until the demand overcomes the supply sometime 2011. We will see one very emergency loans bad credit stable market with small variations in the next 2 years. We are at the prices of 2006 and the down turn has stopped (still some adjustments are going on). All over the world the prices are at 2005-2006 levels the only deference is that the peak in Dubai was higher.

Unfortunately the current prices will not start going up until the demand overcomes the supply sometime 2011. We will see one very stable market with small variations in the next 2 years.

First of all, I am sick and tired from people like you who eagle-eye this forum for anyone who dares to step forward to give a sense of positive review for this chapter of horror in Dubai Saga... True, this crisis has effected many people, but not everyone! Extra regions loans amount of cash is going to be printed all over the world the value of the current money will be devaluated, and the prices if not up they will not go down. Unfortunately for Dubai, what Brendan R states, although a bit extreme, neatly sums up the confidence level, of millions of investors around the world. Dubai has had a bright light of optimism shining on it for years, welcoming foreign investors with regions loans open arms, with great promises of visas, tax free-wealth, a whole ex-pat package, and it has been the most keenly observed city in the world.

It still is, people are still watching, as that bright light dims dramatically, and only partially due to worldwide events..

Yes, there has been a world-wide crisis, but recently there has also been too many problems, completely UN-realted to crisis, and more related to laws changing overnight, personal loans san antonio tx contracts being regions loans regions loans with-held, deeds being with-held, cancellation costs being un-decipherable, RERA seeming to be ineffectual, final service charges being unknown, etc etc, and NOBODY from authorities seeming to help the investors who are making the place, or too little too late, at least. I put prophesing the end on Dubai on par with the willingness to perpetuate euphoria and optimism in light of the current situation. I wish people there, trying to make an honest living and working in difficult conditions the best one can hope for. I have no sympathy for manipulators with vested interests trying to keep markets at inflated levels while they gather enough suckers to pass them the hot potato.

Union Properties, which sold me the house in 2008 in the same price it selled in 2006... But the problem is RUMOURS all around in western media which lead the president of the country to clarify the situation of Abu dhabi not buying dubiya companies, I met some relatives and friends who are investors in dubai from overseas like (UK and Africa ) when i was on vacation in december... The other stumbling block has been the proper enforcement of laws that protects investors and with many investors having got burnt or in the process - this will continue unsecured personal loans with cosigner to put-off potential investors... I think visa on real estate will become 3 years renewable visa sooner or later because Qatar is offer 5 years renewable visa on real estate.

I imagine that Dubai has asked for 5 years visa and Abu Dhabi opposed the idea strongly... First of all, I am sick and tired from people like you who eagle-eye this forum for anyone who dares to step forward to give a sense of positive review for this chapter of horror in Dubai Saga... True, this crisis has effected many people, but not everyone! I have a friend who has a degree in Chemical Engineering. He is really keen to rellocate to the middle east to broaden his career experience. Do you think there might be openings available for him in your company... He currently works for a leading platinum refinery in South Africa as a processing engineer. He has a typical analytic mind (common for any engineer) and enjoys working in a like minded team. The real estate market world over has taken a beating and Dubai is no exception no matter what insulation was percieved by so called optimists. It was greed that drove Dubai to the high prices that sank a lot of investors. A lot of investments in Dubai will actually not happen and in time to come the properties that are ready would start realizing the returns and possibly get healthy returns. Nationality breakdown of the last census (2007) was NOT released as reportedly the population of Asians had further increased due to the massive influx of Asian construction workers required for the construction boom. I think people in Dubai were brainwashed into thinking real estate was like playing on the stockmarket.

People are buying property now but for the more ordinary reason of having a nice place to live. Although I have to say I have come across some speculators from cash rich countries sitting on the side waiting to buy units in Burj Dubai etc. I think people in Dubai were brainwashed into thinking real estate was like playing on the stockmarket. People are buying property now but for the more ordinary reason of having a nice place to live. Although I have to say I have come across some speculators from cash rich countries sitting on the side waiting to buy units in Burj Dubai etc. The problem is you cannot settle down in Dubai, if you have no job. Once you are terminated nothing you can do, with visit visa you cannot open even bank account (ok not anymore). Dubai is a place to come make bad credit personal loans for 5000 good money pack up and go. If you start investing for the future you are finished. The question to be asked is the falling rents, where will they stop? With demand dwindling, no job creation, the banking and finance sector expecting another recession in the west, companies holding onto cash and not creating how to get a bad credit loan new jobs and offshore sectors.


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Mortgages stopped or brought to a trickle in Dubai.

Landlords are slashing rents, but tenants moving to better,newer and cheaper projects, this is bringing panic to landlords experiencing nulls for the first time.

Can an investor without the help of this company to do the same job for yourself? I invested my money in a project which is being built. According to the contract, the project must be put into operation in June 2011. There could be lessons to be learnt for those property investors looking at still emerging markets. Dubai property market is falling apart and thats true but finding a level to bring it back is not impossible.

There could be lessons to be learnt for those property investors payday loans san francisco looking at still emerging markets.

Dubai property market is falling apart and thats true but finding a level to bring it back is not impossible. There could be lessons to be learnt for those property investors looking at still emerging markets.

There is no level, the prices are going to fall down further more, not too much, but to the point where the locals will buy them back. The world is changing and Dubai is changing, but after a year or two the world will pick up again, but Dubai will be a concrete in the desert.

This is not the case with dubai only that no big money from RE and Stock market.... It is the case with almost every country of the world..

I was considering Dubai now that the crisis seemed to be in recovery but if you pay attention to the mood in the country, even those at the top, its very pessimistic. I was considering Dubai now that the crisis regions loans seemed to be in recovery but if you pay attention to the mood in the country, even those at the top, its very pessimistic. If someone has time to simply print all the pages analyse the information, and interpret in a graphical or written form - we can easily see what has exactly happened over past year and a half. Some members on the website tried to stay positive and saying in mid of 2010 that by end of Q4 2010 the prices will rise again, it is clearly evident this is not happening, in fact its the opposite. We are talking about an inflow of huge amount of expatriates and even if this happens will the infrastructure be able to support this inflow?!! This means that X number of jobs must be created- in turn this means that x number of businesses must open up and many huge companies - corporations are cutting down on costs and not running to open new offices in Dubai.