http://www.tenantsunite.net Just another WordPress weblog Sat, 28 Aug 2010 13:46:16 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 http://www.tenantsunite.net/2010/08/reality-check-in-real-estate/ http://www.tenantsunite.net/2010/08/reality-check-in-real-estate/#comments Fri, 27 Aug 2010 13:55:53 +0000 admin http://www.tenantsunite.net/?p=67 The reality market is again facing the ghosts of the past. Dubai World’s credit problems are making international realty companies worried. The problems are plenty and it is being seen that major companies which had large stake in Dubai are directly impacted. Another factor is low volume of sale in home property segment. The recovery is still in progress but the consumer confidence is not back yet. There are many realty companies which are facing the problem of liquidity. The builders have ready to move houses but buyers are not interested yet. The developers have started offering the discounts and special prices to the customers but the market is not showing the reactions. Growing concerns are making the sector look very depressed. The recent Dubai crisis deepens the problem and it may take more time to recover. Analysts are still waiting the impact report to see what the scale of the impact is.

]]> http://www.tenantsunite.net/2010/08/reality-check-in-real-estate/feed/ 0 http://www.tenantsunite.net/2009/12/abu-dhabi-to-rescue-dubai-real-estate-crises/ http://www.tenantsunite.net/2009/12/abu-dhabi-to-rescue-dubai-real-estate-crises/#comments Sat, 19 Dec 2009 11:28:29 +0000 admin http://www.tenantsunite.net/?p=81 The announcement was made last week that Abu Dhabi would pledge some funds to rescue Dubai from going bust. Story of Dubai is an example where the personal preferences for mind-less luxury without any future, were implemented. Experts are scratching their heads to see where they went wrong. Was it bad planning on the parts of the planners and the spenders? And the worst is the part of lenders. Why these wise old lenders failed to see the reason that investment in Dubai is not leading anywhere. And if something happens to financial interests there, there is no guarantee of any type because Dubai does not have an elected responsible government. Dubai seems to be doing its business on the basis of goodwill and promises. These two entities hold very less value when a crisis of size of Dubai hits the ground. So is the case of Dubai. An empire built on the goodwill and promises still require money to run it and that’s the hard fact.

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