Marooned, a few months back you predicted the bubble bursting in Dubai. I was not in total agreement with you at the time, but I must admit, you were spot on.
It remains to be seen how bad things will get here. But I still believe Dubai is the place to be... provided you did not get caught up in the property hype and are still holding investment property. In other words, if a person has not over-extended himself, has little or no debt, then this financial tsunami might in fact be a benefit in the long term.
I suspect you are correct about EPI too. It's a shame though, because I think it is one of the only reputable and well run property investment companies in Dubai. I hope they can ride out the storm and provide some returns for their investors.