[QUOTE=Roshan;70264]The days of speculating are almost over. Heard some not so good reports at the second community formation meeting we had.
You are right with the one fool to another thing ( no offence members ) . As long as you have someone else to buy you are out. As one of the members at the meeting put it. It's like passing the parcel. You keep passing it until the music stops .
Well the music is being turned down very slowly now.We will soon see the beginning of the sales.Distress Sales.Premiums will fall,commissions will fall and many a greedy investor to.
Premiums and Commission being so high many an estate agent will fall to.
Estate Agents are the biggest crooks in Dubai at present.The real investment is gone before you buy.
Dubai is fantistic tourist attraction.Well staffed hotels,unreal manners etc,but when the tourist really start to come can Dubai cope.
Tourist are needed in every city,when they come they turn it to trash,(sorry).
Sorry but it's true.
I've seen many good hotel,attractions in many cities destroyed in under 5years.
I believe anyone now looking for investment in Dubai must look for top of the market developments.Nothing under 7mD.Anything less is high risk.Less investors in the top level market and still many rich purchasers to come,but they will be used to class and accept nothing less.
Some of the World Development is good,the worlds 1st Solar Rotating Tower looks great,look only to the best developments now.
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