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$582 Bn Worth Of UAE Projects Halted.
- K-Dog
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Sage
http://www.arabianbusiness.com/545442-d ... kmstanley-
mate , this is an example of what is happening in "off plan" sales re our discussion in other thread.
Flats
Posted by Saeid on Tuesday 3 February 2009 at 22:18 UAE time
We stopped payments on two flats. Lost 120K. But it was a good decision. We could buy the same two flats now for 35% the original price. We are making payments on another flat also. But considering stopping payments on that one too. It makes no sense paying for a flat that is coming down in value by the day. I think within a year we will see prices down by 80% UAE wide.
http://www.arabianbusiness.com/545442-d ... kmstanley-
mate , this is an example of what is happening in "off plan" sales re our discussion in other thread.
- arniegang
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K-Dog wrote:http://www.arabianbusiness.com
good find dog
and it will continue to grow and grow. see my post above, i bet within 6 months there will be hardly any residential construction in progress as more and more people pull the plug on their purchases.
- arniegang
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