12 January, 2009

Crime Lords

A few days after letting you all know that the Russians are coming it seems that we have a small problem. The Daily Mirror in the UK has now confirmed that Dubai is the new Crime Centre of the World and has usurped Costa Del Crime in Spain.

You have to be careful what you say but I would say this is probably a fair assessment.

I believe the prisons are filling up nicely with bent real estate developers and the odd agent who have been tempted by the slack regulations Dubai has been operating on. Having visited Miami I refuse to believe that we are even close to equalling the filth of the Cuban drug barons and the likes of Bernie Madof who infest the Miami shores.

True it is alot easier to bank large sums of dollars in Dubai than in the UK and so long as the banks are happy then i think there are a few real estate investors who will welcome the odd Adidas bag bulging at the seams with the lovely green back.