Quote:
Originally Posted by New_Investor
I've followed some of your posts and it's obvious that you're opinion is neither built on Dubai financial market and nor to any other credible resources, it's obvious that this is your Biased personal views and for personal reason you are trying to spread the word that the market is collapsing to scare off every one from buying, hence prices will go down and you can buy cheap......
I've seen such attempts from several investors and it never help them.. when the market will fall it will and no one can predict it, yes the market is currently slow, but this happens always during Ramadan, and even if the speculation that we will SEE a correction in the market during 2009-2010 it does not mean that the market is collapsing.
My advice is to be as neutral as possible as this might lead to misleading your self before any one else.
Good Luck.
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I respect your comments and they make sense.
My post was at the time when the DFM went down 10% at one stage today (don’t know about tomorrow). Purely emotional comment nothing to do with annoying somebody. Anyway I have also stated that Dubai is unique and doesn’t essentially follow the market rules.
I have three investments in Dubai and I don’t think I am the one who wants the prices to go down. My idea is that everything has an end I want the end to come as late as possible.
A fast surge in the property prices will reach the end very quickly.
What I want is a stable market with no surprises.