Wednesday, May 27, 2009

Dubai is Number 1

Report: Dubai Leads World in Price Declines - NYTimes.com
Dubai prices have dropped 32 percent in the last year and 40 percent in the last quarter, according to the latest edition of the Knight Frank Global House Price Index, released today.
Heh, heh, heh. Couldn't happen to a nicer country built on the back of poorly treated impoverished migrant labour.

Mind you, it appears they are (finally) doing something to help ensure workers get paid. Have a look at this link for a wage protection system that looks like it was designed by Barry Jones.

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