Saturday, November 1, 2008

Information the scarce property in Dubai

1st order: Recently I spoke to a project manager in the construction business. I asked him whether the financial crisis has an impact on the construction business and the Dubai economy or not, because I heard, although not officially, that work at some construction sites is on hold.
He explained to me that it is very difficult to get reliable information on that. He is trying to figure that out everyday by using all kinds of resources. The problem is that the press in Dubai is still not reliable. You will find the newspapers writing that the financial crisis has no impact on the Dubai economy, because this is what they’ve been told. However one could see that some construction sites are on hold, this is also the information that is verified off-the-record, he said. He further elaborated that information tends to be like a cloud, you have to figure out by yourself what is rather true and what not.

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