Dubai chatter

Job strife
We’ve been speaking to our friends who are long-term residents in Dubai again.
According to word at ground level the number of expat families that have quit Dubai due to job loss over the past year and a half is around 60,000 already, and the pace of departures has been steadily picking up speed [...]

Shuaa Capital : “Dubai prices will drop 60%”

Well the latest Dubai property price analyses and forecasts are in.
In the worst case scenario for the coming year, UAE Investment bank Shuaa Capital reckons that real estate is heading for up to 60% falls by the end of 2009, after which they should begin to stabilise at the new lower level. The bank [...]