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Old 18-05-2008, 12:08 PM
Gashead Gashead is offline
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Join Date: Apr 2008
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Quote:
Originally Posted by Sixgun View Post
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???.
The eyes of the world are on the stadia not the residential units. As for not allowing failure... formula A1 anyone? As far as I know they've totally distanced themselves from that fiasco.
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