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House Price Crash Forum

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  1. yer we are getting fu+ked all around the world in almost every sector. I still really like Dubai though
  2. they diserved it, thats disrespectfull of the rules of eticate. when i go to a new country I observe the code of common practice
  3. anyone who needs to sell your units in Dubai due to the economic crisis in the U.K and europe ect. please get in touch with me
  4. Come on now, Dubai is a little smasher There are no capital gains taxes, so of course there is a little land tax, i mean how could any government run a city with absolutely no taxes? Thats absurd. I really dont know why people like to run down Dubai? Its a great city, and so much exciting new things are happening there. My buddie at Emaar says things were a little slow a couple of months back during ramadan, but its business as usual now. Last week he had a russian property business man in the office who took 3 whole floors of him in Jahmera Village South, and an american guy who had come out of the stock market, spent a few mill as well, I know this is small scale compared to the scale of things going on in Dubai, but it shows people still have confidence in Dubai over other countries.
  5. Sounds like the council tax system in england to me
  6. You do a good enough job of misleading yourself without any help from me... Anybody wanting to offload your units due to the credit crisis in the u.K. ect please message me.. The Dubai property market cant be in that bad of a state, I posted that invitation twice now and still nobody has got in touch with me to do some business i swear your all talking the market down so you can destroy confidence and snap up bargains for yourselves. that is just really really sneaky...
  7. Yer Farrari. Quite true. Rents are good in Dubai and good property is absolutely worth holding on to In this current financial storm, I'd rather be holding property in Dubai than be holding in the U.K or spain or Bulgaria or somewhere or worse holding shares... But whatever its worth, i like Dubai and I'm not really that worried what the markets do, I'm more than happy to hold my stake there long term I've had some great times in Dubai In fact, any unconfident- uncertain people that are flinching right now and feeling the pinch of mortgages in the U.K who need to sell your units Dubai, message me and I'll look to take it off your hands at the right price
  8. Hey Stupid, a little bird told me that you bought a couple of units in Dubai last week,?? I know your game, your Slating the place to keep the prices down so you can snap up a few bargains for yourself come on admit it . . .
  9. did you like that one? i thought you might like that one, I thought I'd talk like the rest of the idiots in this forum going on about jinxes, or making predictions, or conspiracies, with criptic clues...
  10. Your flattering me now, oh to be young again.... I agree with you that the source of that quote was a little biased Your quite right. I didn't fully read the source of the quote before i posted it. I am only human after all. and i dont always get it right, (and I'm sure you've not always got it right stupid), So don't give me that patronising B.S. but I know in property I have got it right enough times to have enough experience and confidence. And in this experience I know Dubai is going to be a great city and hub in the middle east, and I'm excited about the future in Dubai. And I don't think its going to suffer an orchastrated crash like what is being seen in the west, where they are force crashing the economy to ease in the Amero in the next few years. Its obvious that the oil is running out in Dubai and they are establishing a future for the middle east. I think they will have success. I believe the "powers that be in the middle east" have enough will and power to make sure it succeeds. But really, as farrari has mentioned you have been moaning about a dubai crash for years like an old donkey, and while you have been moaning on, people like me have been living life, and have been consistently enjoying the rewards of Dubai so here's the deal, you keep moaning and i'll keep living here's my prediction for you: a stubborn, bitter 80 year old man being tucked up in bed in an old folks home, ranting and raving and moaning with alseimers to the nurses about a property crash in Dubai as you take your afternoon pill, and the nurses will wink at you and say.."it's O.K. Harold....your with stupid..."
  11. Your flattering me now, oh to be young again.... I agree with you that the source of that quote was a little biased Your quite right. I didn't fully read the source of the quote before i posted it. I am only human after all. and i dont always get it right, (and I'm sure you've not always got it right stupid), So don't give me that patronising B.S. but I know in property I have got it right enough times to have enough experience and confidence. And in this experience I know Dubai is going to be a great city and hub in the middle east, and I'm excited about the future in Dubai. And I don't think its going to suffer an orchastrated crash like what is being seen in the west, where they are force crashing the economy to ease in the Amero in the next few years. Its obvious that the oil is running out in Dubai and they are establishing a future for the middle east. I think they will have success. I believe the "powers that be in the middle east" have enough will and power to make sure it succeeds. But really, as farrari has mentioned you have been moaning about a dubai crash for years like an old donkey, and while you have been moaning on, people like me have been living life, and have been consistently enjoying the rewards of Dubai so here's the deal, you keep moaning and i'll keep living here's my prediction for you: a stubborn, bitter 80 year old man being tucked up in bed in an old folks home, moaning to the nurses about a property crash in Dubai as you take your afternoon pill
  12. Investment bank EFG-Hermes - In an exclusive interview with Emirates Business Salem Almoosa, Chairman and CEO of Falconcity of Wonders, dismissed such suggestions of a price bottom out in the UAE and said prices would not fall and there would be no correction. And he accused prospective buyers who said prices were about to fall of doing so in the hope that such speculation would drive the market down and they would be able to buy more cheaply. Falconcity of Wonders is a Dh5.5 billion mega-project to be built at Dubailand that will feature replicas of the seven wonders of the ancient world and modern wonders such as the Eiffel Tower. Are real estate prices in the UAE set to go down as has been suggested? In my opinion prices will never ever go down due to several factors. First and foremost is that we have a visionary leadership that has conducted the essential and proper studies regarding the situation in the Middle East as a whole, as well as a studying the situation in the emirates in particular. So they have a plan. Of course the execution of the plan is not the end of the story, they went further than this by minimising the risk in the execution of the plan which means they looked at the fundamental issues such as economic factors, the political issues, the social issues and so forth. They took all the issues and points concerning the real estate market and took the necessary steps. I also think individuals should not throw speculation into the market for their own purposes. If parties are spreading rumours that prices will go down they are doing this so they can buy cheaply and not because that is a reality. I believe people should not speculate unless what they say is supported by facts. And a price correction? I believe there will not be a price correction in the market. Who is saying this? I have not heard of any correction or decrease in prices and I am not seeing it either.
  13. Some facts for your consideration.... If recent past precedent is any guide then Dubai will be a winner from the current global financial crisis. And remember, in big financial shakeouts there are always winners and losers. After 9/11 - which at the time looked an absolute disaster for inward investment into the Middle East - Arab investors brought an estimated $1 trillion back to the region from America where it was under threat of seizure. It was this money that first powered up the Dubai property boom. Similarly the invasion of Iraq in 2003 hardly appeared good for regional confidence at the time. But Dubai gained in the aftermath as a safe haven in a troubled region and from the war's impact on oil prices that fuelled its trading and service economy. What next for Dubai real estate? So what happens after the Wall Street crash and near global financial meltdown of last week? First, we should note the proactive response of the UAE government. A massive $33bn has been pumped into the local banking sector to boost local liquidity and all deposits in local and international banks now have a government guarantee. Secondly, we should remember that the US, UK and Europe are debtor nations in a banking crisis. The UAE, and GCC for that matter, is a creditor. Indeed, some 40% of global foreign currency reserves are held by the Middle East. Now the recessions in the rest of the world are just starting, so stock prices are likely to drift lower, and bond prices look stretched to the limit with inflation about to take off due to governments borrowing $3 trillion to bailout the banks. If you were a seriously rich Arab investor would it not make sense to exit the Western markets and bring your money home. In the UAE your deposit will have a state guarantee, and for higher returns the local stock and real estate markets should offer good returns. Capital flight This will be a flight of capital to safety and quality. It could well mean that Dubai property prices have another up leg to come, and that the crisis today is no more than a slowdown in the bull market. In the meantime, if a fall off in cash flow to under-capitalized developers results in a consolidation of the sector, that will be healthy in the long run. The losers will be the people who cannot afford their installment payments and who were relying on flipping to cash out before payments became due. Over-stretched speculators both among buyers and sellers will go through a painful consolidation period, unless new capital arrives from overseas very quickly. Given that their financial distress may be very immediate this is where a shakeout is most likely. However, the market for completed property in many locations is severely undersupplied and will not suffer much - prices for villas are still going up, and even in the middle of thw world crisis, completed properties were selling in Dubai, although at a slower pace than previously.
  14. Whats are you going about? Racist?!!!!!!! Ha thats good one!! I fell off the couch laughing to that... Thanks for that laugh. when i used the term "western" I was referring to an idea and a philosophy..whats racist about that?? where was skin clour mentioned....? Oh dear, we are resorting to twisting information again... a little interest rate cut,?? thats nice, that should sort the whole problem out, phew!!! that was close. For a second there I thought we were heading for an iceberg of a recession.... I'd rather ramp somewhere towards the facts than be using that disabled wheel chair access your using with the picky moaning news feed lastly Dubai is not going tits up.. It may stabilise a little at worst, which actually would be a welcomed thing because people are once bitten twice shy from the UK and USA, and bless them, they need stability in their lives....
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