Quote:
Originally Posted by georgihh
All of us are used to the temperatures around 45-50 degree and we take it without pleasure but not difficult anymore.
But now we face another heat coming from Europe and America
The financial, the property and the credit wind.
If no money pouring in Dubai how long can the market survive -6 months?
DFM has already started to melt what’s next?
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Dubai will be affected with the worldwide recession. We could be looking at a correction.
A vibrant real estate market like India where the supply is absorbed by the inland demand is feeling the effects, then Dubai which could be considered an emerging market when compared to India should feel the melt down.
Check out the attachments. This is not to cause worry but definitely food for thought.
http://www.nytimes.com/2008/10/05/wo...nted=1&_r=2&hp
Realtors cut property prices by 25% - Business News - News - MSN India - News
Regards
Roshan