Dubai’s real estate expansion lifted many investors into a world of unimagined riches as prices vaulted into the stratosphere.
Now, as house values decelerate at an equally frightening speed, the buoyant mood has soured. Small-time investors may be returning keys, but the major speculators face defaults on a frightening scale.
Those who were turning round whole floors of buildings in a day have been caught holding overvalued assets. And when these people lose lots of money, they often call a lawyer.
No comments:
Post a Comment