~~~~Developer going belly up~~~~

[Structure-Properties.com]

The most common question asked in Dubai right now would be:

Are there going to be Developers going belly up due to market condition? Any intake would really help investors like me avoid investing with the wrong organization. Please list the developers in your opinion that might be at risk of closing up their door or unable to deliver their projects. Some signs would be lay offs, holding up construction or payment default to their creditors.

[PropGuy]

It is difficult to say which will, because that is negative publicity without any proof. But it is better to look for which won't. Emaar, nakheel, UP, Surooh, Al Qudra, and Aladar I think are safer.

[Structure-Properties.com]

Originally Posted by PropGuy

It is difficult to say which will, because that is negative publicity without any proof. But it is better to look for which won't. Emaar, nakheel, UP, Surooh, Al Qudra, and Aladar I think are safer.

Certainly. Usually with these developers they charge higher amounts for their developments. I believe that smaller developers is the way to go for higher returns. But which ones is a tricky question to ask now....

[Fran]

Even if some one faces difficulties, the Government will back up them trough the banks; example The Plantation & Dubai Islamic Bank.

[Structure-Properties.com]

Originally Posted by Fran

Even if some one faces difficulties, the Government will back up them trough the banks; example The Plantation & Dubai Islamic Bank.

Well I think the government will back up the major ones but not the small developers and certainly not the ones licensed through the free zone.

[PropGuy]

Originally Posted by Structure-Properties.com

Well I think the government will back up the major ones but not the small developers and certainly not the ones licensed through the free zone.

That takes out 99% of small developers if not 100%

[Fran]

Ok, the big developers will buy the smaller ones, or some other major investors will evaluate them as risk worthy.... Just big money will change hands...and that's all.

It's time for people to wake up and face the fact that we live in a country with second largest oil reserve in the world (even if we are in Dubai, but not Abu Dhabi).

[Structure-Properties.com]

Originally Posted by Fran

Ok, the big developers will buy the smaller ones, or some other major investors will evaluate them as risk worthy.... Just big money will change hands...and that's all.

It's time for people to wake up and face the fact that we live in country with second largest oil reserve in the world.

So that brings me to the first question, who do you think will go belly up first?

[PropGuy]

Originally Posted by Fran

Ok, the big developers will buy the smaller ones, or some other major investors will evaluate them as risk worthy.... Just big money will change hands...and that's all.

It's time for people to wake up and face the fact that we live in country with second largest oil reserve in the world.

Yea people need to wake up, it not just the oil, economy is going pretty good here. Even US is asking help of GCC countries.

[PropGuy]

Originally Posted by Structure-Properties.com

So that brings me to the first question, who do you think will go belly up first?

You expect people to list names without really knowing which developer will default?

I like to say DAMAC, but I won't For these things you need to have proper proof before saying.