News from Dubai,

OnCallZ · 03-24-2009, 10:55 PM

Job losses hasten property decline in Dubai but medium-long term outlook upbeat | Middle East | News

I've been there for business and there are a lot of abandoned luxury cars in the airport parking, really breaks my heart.
With the oil price decline and decrease in tourism, things aren't going so well there.
"with the local index declining over 60%, there will be less revenue to go around, and therefore less revenue to justify . . ."

Cars range anywhere from a 40k to a 100k+ car.

BMW Killa · 03-24-2009, 11:19 PM

Not surprising to be honest. I don't think one needs to be a financial genius to know places that rely on "extra" spending are going to be hit, and that's all dubai is, a place for extra spending.

03-24-2009, 10:55 PM	#1 (permalink)
OnCallZ Base Member Join Date: Jan 2009 Location: Florida Posts: 108 Drives: g37 Rep Power: 16	News from Dubai, Job losses hasten property decline in Dubai but medium-long term outlook upbeat \| Middle East \| News I've been there for business and there are a lot of abandoned luxury cars in the airport parking, really breaks my heart. With the oil price decline and decrease in tourism, things aren't going so well there. "with the local index declining over 60%, there will be less revenue to go around, and therefore less revenue to justify . . ." Cars range anywhere from a 40k to a 100k+ car.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Nissan corp. news release about 370Z	admin	Nissan 370Z General Discussions	17	07-06-2011 05:17 AM
US News ranked 370z as most affordable sports car 02.22.09	sbkim	Nissan 370Z General Discussions	7	02-26-2009 09:12 PM
Breaking News: 370Z Best Motoring Video is HERE!!!	AK370Z	Nissan 370Z Photos / Spyshots / Video / Media Gallery	41	02-11-2009 11:16 PM
Road and Track Magazine recent news on the 370Z	admin	Nissan 370Z Photos / Spyshots / Video / Media Gallery	0	09-26-2008 03:55 AM

03-24-2009, 11:19 PM	#2 (permalink)
BMW Killa Enthusiast Member Join Date: Jan 2009 Location: FL Posts: 287 Drives: neezmo Rep Power: 188	Not surprising to be honest. I don't think one needs to be a financial genius to know places that rely on "extra" spending are going to be hit, and that's all dubai is, a place for extra spending.