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Old 14th April 2009, 02:36 PM
ini_niki ini_niki is offline
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Originally from australia. Expat in singapore.
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I think ... despite your 12 years ... that Mahira is being a little optomistic with the current economic crisis ... real estate is going down the tubes quite quickly re: big money leaving the city and prices for buying / renting dropping.

Unless of course you're bringing a client list of rich UAE residents who want to buy here?

Also ... the industry is very local oriented ie. PropNex is a large company but it specialises in local deals re: Chinese community has Chinese staff / Malay community Malay staff etc.

The big expat firms like Colliers etc are already suffering ... big projects are being held off / reduced and expats in these 'service' industries are the first to go. I know of a number of expat property people who've been retrenched in the last months or so ...

I sound very negative ... but thought you should be given a bit of a reality check so you wouldn't can your job there on the chance of one here ... sorry.

There's always an exception of course!
Cheers
niki_niki

Last edited by ini_niki; 14th April 2009 at 02:37 PM. Reason: spelling
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