In response to the discussion on real estate

http://mandjadventures.blogspot.com/2006/01/towering-thoughts.html

Dubai property market will go down in the years to come. However, Unlike the NY in 1920's, global economy will not let it crash. In recent histroy, the closest boom in real estate this size comes from of Singapore and HK.(And to some extent the building boom of southeast asia, through not limited to one city). Most of the property market in UAE, infact more than 80%, is in the hands of selected few, making such a crash very unlikely. Unlike the liquidity problems of southeast asian crisis in the year 1997 when global money flowed out of the nations almost at once, high oil prices will cushian any rapid outflow of money. Considering that most of the budget plans for these investments were make keeping in mind of oil at 35$ per barrel, UAE and broader middle east has plenty of money.