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* He also brushed aside concerns by some analysts that Dubai's property market is becoming overheated and due for a potentially sharp correction. "In Dubai, de
by gills 18y ago
* He also brushed aside concerns by some analysts that Dubai's property market is becoming overheated and due for a potentially sharp correction.
"In Dubai, demand outstrips supply," he said. "There might be a slowdown, but there definitely won't be a crash."*
Good luck with that...
I can't tell if it's over-exuberance or if Dubai really plans to attract more multinationals to headquarter there ala Halliburton.
- josefresco 18y agoDubai is the world's Las Vegas, and I agree is not immune to the worlds impending economic slowdown. Thankfully they have essentially unlimited cheap/free/slave labor to continue building. Oh, and the rich keep getting richer, which doesn't hurt.