Comments on: Dubai dream over for western investors http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/ Insights behind the investment headlines Wed, 16 Nov 2016 21:43:49 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Ann Julie http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/comment-page-1/#comment-2045 Fri, 17 Jul 2009 14:11:23 +0000 http://blogs.reuters.com/globalinvesting/?p=1989#comment-2045 The prices are falling but still there is a lot optimism among middle east experts who think that Dubai real estate will bounce back.

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By: Kate http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/comment-page-1/#comment-1715 Tue, 02 Jun 2009 08:58:29 +0000 http://blogs.reuters.com/globalinvesting/?p=1989#comment-1715 Bargain basement prices!

50% reductions from the peak!

I don’t think so. Try talking to the agents and see if you can find something at a bargain basement price.Go and have a look at a 2 bed on The Springs in Dubai at Dhs 1.3 million and wonder why anyone in their right mind would pay even half that.

I have spent weeks trying to find something at just 10% below its original price, even though I am told it should be more like 60%. They don’t exist simple as that.One developer has even put their prices up 10% in the last week!

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By: marhabahome http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/comment-page-1/#comment-1699 Mon, 25 May 2009 04:24:19 +0000 http://blogs.reuters.com/globalinvesting/?p=1989#comment-1699 Dubai is the fine real estate market.But prices are too high and beyond the reach of the common man. Now prices have come down due to global recession.Of couurse,right time to invest.

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By: Brave Boy http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/comment-page-1/#comment-1688 Wed, 20 May 2009 12:53:41 +0000 http://blogs.reuters.com/globalinvesting/?p=1989#comment-1688 I think Dubai will never be what it was in 2007-08. It will come back to its state of 1999-2000. It will still remain tourist hub, but less of business hub due to confidence damage what they have done. Property market will not come back beyond 2003 levels max. Alot has been damaged, more than what we know. Lifestyle, western trends, sunshine or tax free status doesn’t mean anything if base is not there. The base is trust. When trust flies away from a financial institution or a sovereign country, money flies out fast. Then it takes decades and radical changes to bring it back. These are my thoughts.

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By: Dubai http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/comment-page-1/#comment-1687 Wed, 20 May 2009 11:01:50 +0000 http://blogs.reuters.com/globalinvesting/?p=1989#comment-1687 There is a lull in Dubai’s economy, but Dubai will be coming back even stronger after the recession is over.

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By: DJI http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/comment-page-1/#comment-1686 Tue, 19 May 2009 13:57:26 +0000 http://blogs.reuters.com/globalinvesting/?p=1989#comment-1686 Quality always survives!

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By: Tawhid http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/comment-page-1/#comment-1684 Tue, 19 May 2009 05:06:42 +0000 http://blogs.reuters.com/globalinvesting/?p=1989#comment-1684 Why do you link Dubai’s ‘most westernized’ gulf state status to it being attractive to investors? Why would nonwestern investors care if it were westernized or not?

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By: From Dubai http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/comment-page-1/#comment-1680 Mon, 18 May 2009 18:15:02 +0000 http://blogs.reuters.com/globalinvesting/?p=1989#comment-1680 Dubai is a great place to live!

“…the latest trends in property investments globally show that the tide of cross-border activity has turned, with buyers retreating to home countries and local markets to scout distressed opportunities in the downturn.

…real estate trading activity has achieved a stunning global uniformity with very similar patterns. Worldwide sales volume and the number of trades plummeted to one-sixth their levels of two years ago and fell 73 % from Q1 2008 to just $47 b and 1,014 properties in Q1 2009, according the latest Global Capital Trends report of Real Capital Analytics. The broad drop in activity cut across all property types and just about every market.”

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By: Nikkei 225 http://blogs.reuters.com/globalinvesting/2009/05/18/dubai-dream-over-for-western-investors/comment-page-1/#comment-1679 Mon, 18 May 2009 14:42:46 +0000 http://blogs.reuters.com/globalinvesting/?p=1989#comment-1679 Dubai will be fine, but things will not be the same as they have been for the past 10 years as there is more competition from Abu Dhabi and Qatar. That doesn’t change the fact that Dubai has a lot to offer, great life style, good infrastructure, excellent housing (now at bargain prices), no tax, cheap quality labour force, political stability and a pro-active government. No doubt that as soon as the economy starts to show signs of recovery Dubai will boom again.

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