On Wed, Mar 11, 2009 at 3:11 PM, villas dubai <villasdu...@yahoo.com> wrote:

>    Dear NAKHEEL
>
> Greetings to you
>
> You will agree that a developer of very high repute such as NAKHEEL with
> its magnanimous projects plays a vital role in not just Dubai's property
> market but also maintaining the identity of DUBAI - the world knew, as the
> Best upcoming Hitec City in the world.
>
> World Financial meltdown was not predicted and thus landed many of fast
> progressing entrepreneurs of the world who contributed to the development
> and marketing of DUBAI into a puddle of misfortune.  Lets hope that this
> puddle does not transform into an ocean as some say this effect that we see
> today of melt down is just the tip of the iceberg. In the interest
> of maintaining dubais image where media outside UAE circulates news of
> disrepute.
>
> Therefore, you are suggested to revise the payment plan over a 1-2 year
> period, this would put a stop to the jumeirah park prices from falling
> further and infuse confidence in the jumeirah park owners to refrain from
> offering their properties at lower than the price mentioned on the SPA.  The
> revision of payment terms would help market recover quickly and distress
> sellers who are unsuccessfully trying to sell their properties for less than
> the original prices.
>
> Realistically, as the market in a financial melt down this would give a
> cushioning boost for the market to recover.
>
>
>
>
>

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