Wings of Arabia - any ideas?

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Wings of Arabia - any ideas?

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#11

19-05-2008, 05:19 AM

LuckyNumber LuckyNumber is offline

Active Member

Join Date: May 2008

Posts: 58

Quote:

Originally Posted by Roshan

One can forget about cancelling projects in Dubai..times have changed. See what happend to Damac on the Palm springs project.

Projects are getting cancelled daily, and completely hushed up. I had a project cancel a year ago and I am due the 10% I put down. I was told not to worry because the government was behind it etc etc..

I have also heard that some of the big guys are cancelling projects now, and some of the more ambitious developments are changing their master plans to reflect the changes that are going on out there. When it costs a developer over 1000 to buy land and build and they have sold out at 800, then where is the motivvation to even start thinking about building!

DMAC is a large House of Cards and there are many more out there - as always buyer beware!

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