The World has Ended

We have been suggesting for some time that the luxury real estate market in Dubai was going to collapse and slowly but surely that has come to pass. Dubai is finished. The Times has finally acknowledged that Dubai is all but finished as any sort of investment destination with the indefinite “delay,” of the World Island development meaning the elements are taking over once again.Of course, just a few weeks ago, the times was also selling us on the idea that Britain’s property market has bounced back and a “recovery” is under way.

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