DON’T’PANIC …!!Whilst the world has been held spell bound by the economic excitement in Dubai our boys took it easy and went on holiday! Suffice to say that in the developments we are currently snagging at Dubai Marina, Downtown Burji and out at Al Hamra and the Core Project it seems like a case of business as usual now that the religious holidays are over.Which was quite unlike the furor caused by Dubai World’s statement that they were “a little short “before closing shop for a few days – it makes it exciting to say the least when comparing the style in which different cultures structure their affairs! (Although they all seem to embrace the word “delay! “ )

Doooommmmm….!!!!!!!!!!!

Speculation is rife that the capital Abu Dabu would shore up the Dubai debt – although it looks likely that they will not inject as much of the readies as its dear neighbour, and cousin, requires. This poses an interesting questionas to what exactly will happen in the short to mid term. Pragmatic observers believe it is merely a downward blip on the Dubai Radar and have advised investors not to panic whilst others have gone Full Dads Army and proclaimed "We're all doomed!"

Our advice : Always check the situtaion with your legal representative and engage directly with the developer where possible - Watch this space for photos of the developments currently under the Snagging Overseas Magnifying Glass.
Labels: Al Hamra, Downtown Burj, Dubai Marina