Quote:
Originally Posted by Stephendxb
Dear Euroinvest,
You are welcome to contact me. As I have said in a few replies in the past, I am happy to help people, but I am not a property agent. I just have a strong passion and interest in property, both in Dubai and France. Its not what you have to invest, but how you invest it!
As for the recent aerial photo. mpat is right, Sports City is busy from the ground, but the photo clearly shows some developer's have not yet started the ground work. I know of a at least one person who was informed to the contrary by their developer. As you cannot access the site very easily the developers word has been taken.
I actually have photos from the same angle going back almost a year and yes the changes are very evident. I will post some shortly.
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I think that what investors can be comforted by, is that the eyes of the whole world are on this development, and no matter what happens to individual developers, Dubai government/family, will not allow this project to falter and have gaping holes in the over-all plan. Even if they have to step in and finish the buildings themselves, they will.
If anyone is unlucky enough that their developers disappear , I'm sure that the worstcase scenario would be an extended wait, and hassle, but it will be surely handed over to them at some point in time , intact.
Dubai hierarchy are very proud and stringent, and would not tolerate the "bad press" for the relatively meagre amount of keeping honest investors safe.
Am I just looking through Rose-coloured glasses, or does this make sense???.