Dubai Property Market Near Collapse

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.

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.

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

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.

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

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.

the best in bancrupty

Burj is shit go USA USA USA

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

Abu Dhabi owns your ass.

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

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

Dumbass.