My Articles Online | 2009 Will Provide a Great Range of Dubai Apartments For Sale
2009 Will Provide a Great Range of Dubai Apartments For Sale
By: Charmaine Smith
2008 we saw the second largest financial crisis all over the world, which affected the banking sector, real estate sector as well as the IT sector in most of the developing countries due to the depreciation of the US Dollar, as well as the UK Pound. The crisis resulted in decreasing the prices of land all over the world, which is also affecting ongoing construction projects, including malls and flats. The prices of land fell by about 30 – 40 compared to what the prices were in mid February, 2008. Loosing all confidence in the financial market as well as in the companies, most of the investors (in fear of loosing their money) got their money back from the real estate sector.
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