On the road to recovery after meltdown | GulfNews.com:
"When Lehman Brothers filed for bankruptcy on September 15, 2008, very few people in the UAE’s real estate and construction sectors took note, let alone understood its significance and possible consequences.
Most property developers and brokers in Dubai were, in fact, busy finalising new projects and sales campaigns ahead of the annual Cityscape Global exhibition and conference that usually takes place in the first week of October.
Those were the last few weeks of the unprecedented property boom that had swept the entire UAE – led by Dubai. The real estate community had little time to breathe and note anything beyond their projects and sale campaigns."
'via Blog this'
"When Lehman Brothers filed for bankruptcy on September 15, 2008, very few people in the UAE’s real estate and construction sectors took note, let alone understood its significance and possible consequences.
Most property developers and brokers in Dubai were, in fact, busy finalising new projects and sales campaigns ahead of the annual Cityscape Global exhibition and conference that usually takes place in the first week of October.
Those were the last few weeks of the unprecedented property boom that had swept the entire UAE – led by Dubai. The real estate community had little time to breathe and note anything beyond their projects and sale campaigns."
'via Blog this'
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