My friend who is a property manager at Dubai Marina said that after this real estate and debt crisis in dubai, roughly 70% of the marina is vacant, he estimated the same vacany for other projects like JBL and Palm Jumeirah. so my question is what will happen to all these properties in dubai? who will fill all these empty towers and villas? some of them which are still being constructed during this crisis :nuts:.
The biggest problem is, Dubai’s reputation is already damaged because of this crisis and not being able to pay it’s debt.