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75% would not invest in Gulf real estate sector

by This email address is being protected from spam bots, you need Javascript enabled to view it on Saturday, 11 October 2008
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Posted on Monday, 13 October 2008

Real Estate Investor Sentiment



Well, up until now the sentiment was that you could throw money at anything and it would come back bigger. Now even 'macho' investors like Naz here are talking of 'risk'. There you have it.

 

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Posted on Sunday, 12 October 2008

Re. Naz's comment



Well said SR. I couldn't agree more with you. In fact adding further to what you've very rightly said, my opinion is that out of that so called bold or elite top 10%, majority are people who have got money easily from family, friends or even in some cases through wrong means and is not hard earned money. So they don't mind loosing it (if they do). Where as people who earn their money by real hard work, are judicious enough and make nformed decisions and never 'bitch' about it.

 

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Re. Naz's comment



Your comment is very naive! I can not agree with your attitude towards risk. Different people have different appetite towards risk. Taking risk is not and should not be a bold move just trying to beat the market or based on personal hunch. It should be a calculated decision based on what return you get for the risk, if you can take higher risk (based on your wealth) you would be compensated with a higher return.
Otherwise, it is just like gambling!!

 

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Reality of Life



What goes up, must come down. Very simple.

 

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Be forwarned than blamed



One must not see the success of the Cityscape 2008 as a positive impulse of real estate investors, nor can it instantly mirror the sector's fate. The recent US financial woes, the grueling inflation in the Gulf and the 76 per cent increase in RE prices in Dubai, rolled into one, will contribute to a worst scenario for the sector. This financial picture must be deemed with, both by RE mavericks and investors, before they plunge into a more devastating end. Better be forewarned that blamed.

 

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Posted on Saturday, 11 October 2008

Naz Hussain



That sounds about right.

It's usually the top 10% that take the risk and then reap the rewards, while the other 90% stand back and watch overnight property millionaires emerge from the other side of the "credit crunch" crisis. Funnily enough, its that 90% who then bitch about how they "should have" invested when everyone was saying otherwise. That's the way it works. I'm amongst the 10% minority - going against the majority opinion. And I like it that way. It's not (and should not be) for everyone. People who don't take risk don't deserve investment success, after all, they need something to moan about!

 

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