30 Sep 2008

Property Concepts September 2008 newsletter

As the worst of the Dubai Summer heat is past us we thought it was time to give you a brief update on Property Concepts, advise you on our current projects, forthcoming plans and give you a quick synopsis of the local & international property market.

The world’s traditional property strongholds continue to be hammered by the now worldwide sub-prime crisis. No-one could have escaped becoming interested in, if not actually embroiled in some way or another, in the capital investment markets over the last few months culminating this week in US financial icons being shaken to the core. Personally, we both find it quite sad that a 158 year old company - Lehman Brothers is one of the latest victims.

Let’s understand what happened here. Wall Street - the financial industry - became a bubble in recent years thanks to excess liquidity and the oldest bubble maker in history; greed. Some of the smartest people forgot one of the oldest rules of investment. There is no such thing as a risk-free return!

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