Skip to content

GOD’s priorities

May 26, 2009

Dubai’s housing market has struck the worst collapse worldwide, with properties depreciating at a stunning 50 percent: ‘The sheikhdom was hurt more by the global financial crisis than other property markets because of the construction boom that created thousands of new homes just as demand began to evaporate. Within a year, Dubai went from being the fastest rising of 46 markets monitored in the Knight Frank global house- price index to the second-biggest decliner after Latvia.’

Meanwhile, the ruler of GOD opened a new mall in al Mazhar, the first in a ‘series of malls, which will be constructed within next five years in different districts and quarters of Dubai.’ 

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s