17.10.2008 - What does the global financial crisis mean for Dubai real estate?
From Ameinfo.com: Last week at Cityscape Dubai the rush to buy off-plan property in the emirate was clearly over, or at least resting while the worst global economic crisis since the 1930s raged and global and local share prices plummeted. Visitor numbers at the show exceeded previous records at some 70,000 but these were mainly made up of sightseers rather than buyers. Fewer real estate projects were launched than had been anticipated, although these included the unveiling of the $95bn Jumeirah Gardens development, Nakheel's 1km tower and Tameer's 120-storey 'green' tower..... Full Article: Source
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