Dubai property market near collapse

[omarbaaghil]

i dont see any wise investments on just building towers, man made islands. and foreign manpower slavery escpically in the middle of a desert where there is no culture and historical civilization.

[daian0205]

Well now i cant work for emirates airline :(

[Gmoney3290]

what a waste of steel and glass

[MentalRevoution]

Atomic Properties

To be the “King of International City”

Address:Shop NO.11&13&20&22,Building NO.B4,China Cluster,International City,Dubai,U.A.E

“I succeed because I willed it; I never hesitate” Napoleon

Hotline: +971 50 1138 312/Tel: +971 4 4474 188/Fax: +971 4 4474 154

[yiminy4567]

According to recent reports Dubai is in debt 107% of GDP. LMAO!!

Abu Dhabi owns your ass.

[MillyVanillification]

@yiminy4567 I'm not sure what the GDP in Dubai comes from? Is there any business there producing BDP except real estate?

[JLDoggard]

What's the appeal of visiting somewhere like Dubai that has no history, that has had to create some Disneyfied image out of nothing? I'd rather go to Italy or somewhere else that has real culture and history living side-by-side with contemporary life.

[09669390]

What goes around comes around. If you build your nation of bonded labour, well don't expect me to feel sorry for you.

[MUHAMMADFUCKEDKIDS]

I did a quick job there and spoke to a guy who had his palm island house for sale for a year at half the buy price and not one person looked at it.

People feel robbed paying millions for a home built by uneducated indian slave labour.

After all UAE has human rights issues and foreigners are second class citizens,,,,not a good combination if you break a law there,,,or go broke there and end in jail.

[01111donotdoit]

@MUHAMMADFUCKEDKIDS this is really realy bad to insult like this some body religious figure, change your i.d .

[shaider77]

Another hollow, artificial economy gone bust. I wonder which country has the most number of citizens who will soon quality for debtor's prison when the shit hits the fan?

[llothar68]

You wonder? 50 out of the 80 billions of debt are hold by brits. For the british real estate speculation was always there second hobby.

[Proud2BAMERICAN7777]

i hate dubai

america is the best

[WolYou]

America is also shit. Nothing but cardboard houses or skyscrapers. No culture (except consumption and profit) and lots of retarded people and crime.

[ppwalk05]

@WolYou really? I see that some of your favorite movies are American. Please tell me about the great cultural hotbed that is post WW1 Austria. About your retard problem are you still throwing them into the ovens with the other undesirables?

[llothar68]

the best in bancrupty

[MUHAMMADFUCKEDKIDS]

UAE is crap yes,,,,,

Statistics show that despite a GDP figure approx the same as the west around 20% of them are uneducated.

Infant mortality also not good,,,,,,two of the main indicators of society's health.

So when people tell me they are "all rich" I laugh at them,,,,a few nice cars and buildings doesn't help the millions of poor people slaving away.

[norman1102]

Its not the Job of Dubai government to feed you if you made a bad investment, if you are not wise enought with your investment decisions, and put all your money in one place, a real state bubble, you have no one to blame but yourself

[deperfect456]

i invested all my life savings in Dubai, almost 10 million and now i cant get even 1 million out of my investments, me & my family have come hand to mouth, the Dubai goverment is sitting & watching us die hungry!! Not Fair!!

[MUHAMMADFUCKEDKIDS]

You invested 10 million in a country that treats foreigners as second class citizens,,,,,

What did you expect,,,,financial aid,,,,,

Dumbass.