Dubai - Property down 40% in two months

[B(Route)]

The place that was bucking the trend and avoiding the world economic crisis, now joins in the party.

Property down 40% and 50000 construction related jobs expected to be lost.

http://news.sky.com/skynews/Home/World-News/Dubai-...

Discuss.....

[pgilc1]

[quote=B(Route)]

Discuss.....
[/quote]

Whats to discuss?

[Neil_H]

Bubble waiting to burst. No surprises.

[B(Route)]

Was interested in the opinions of all the people who said it would never happen in another thread......a couple of them who had several properties out there.

[blindswelledrat]

[quote=B(Route)]Was interested in the opinions of all the people who said it would never happen in another thread......a couple of them who had several properties out there.
[/quote]


Sounds more like gloating to me. Are you poor by any chance?

[Bing o]

[quote=B(Route)]Was interested in the opinions of all the people who said it would never happen in another thread......a couple of them who had several properties out there.
[/quote]

So you just wanted to have a quick gloat and tell us how clever you are - jog on, and sort your username out please

[B(Route)]

Nope not gloating, just wanted opinions as the OP suggested.

This is one news website reporting.....not national like you would expect for such big claims.

People who were so well informed previously might have a different views on the dubai economy from first hand experience.....or indeed their views may have changed.

Hence the question!

I'm neither poor nor rich, not that it makes a blind bit of difference to whoever asked that.