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Old 30th Oct 2008, 08:50
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Marooned
 
Join Date: Jun 2006
Location: Dunesville
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... so based on a 7 million dirham villa just 2.1 million needed for the deposit.

Lloyds will not give mortgages on some projects at all.

Supply at the bottom is being cut off so the rise of the CB that was the property market will dissipate at a equally high rate, fluctuate then perhaps just perhaps settle at something that resembles reality.

There are much better investments to be had elsewhere hence the smart money is moving away from the UAE.
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