Comments on: Las Vegas luxury hotel rooms going cheap

By: Cheap Hotel in Dubai

Cheap Hotel in Dubai — Tue, 05 Apr 2011 09:30:09 +0000

I can’t figure out that Las Vegas has it’s cheaper hotel room knowing that the city of Las Vegas flooded of different people coming from different countries.
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By: Kamala Salum

Kamala Salum — Sun, 06 Feb 2011 11:03:52 +0000

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By: E Cig Man

E Cig Man — Sat, 29 Aug 2009 17:28:38 +0000

I’m just back from Las Vegas and noticed a big difference in the amount of people in the casinos compared to when I was there 4 years ago.

The word in the UK now is that the economy is starting to take a turn for the better, lets hope the turnaround has already begun and that Vegas will be back to its best before long.

By: Mark Knowles

Mark Knowles — Thu, 27 Aug 2009 12:53:15 +0000

I would have to agree with you. There is a stunning amount of inventory. Even discounting the part built projects, I don’t see those markets picking up any time soon. And a few of them – such as Miami – may never recover.

When the recovery in these places might happen is anybody’s guess. The developers in Dubai are facing all sorts of issues and Nakheel is refusing to refund deposits on canceled projects to pay a $3.5 billion Islamic bond due in December.

http://internationalpropertyinvestment.com/property-investors-clash-with-nakheel-in-dubai

By: Renaud PIERRE

Renaud PIERRE — Thu, 27 Aug 2009 05:29:59 +0000

Well, for once Mark, I’ll be the pessimistic one. Even though the economy “might” slow down its rate of decrease (which is good news!), I personally do not believe that some niche markets like Vegas, Dubai, Miami or Spain, whose business model rely mostly on real estate speculation in a booming economy, will be able to resorb the glut of empty projects any time soon. (phew that sentence is way too long). For the same reason, I do not see the luxury segment market picking up any time soon. Once Vegas, Dubai and villas above $ 2 million start selling again, the crisis will be over, and I do not believe that anyone has a crystal ball powerful enough to forecast when this will be.

By: Mark Knowles

Mark Knowles — Wed, 26 Aug 2009 05:59:30 +0000

I am sure you are correct. Although – how long is “not long”? It has already been going on for 3 years in the US. What positive signs have you seen in Las Vegas?

By: BedOfRoses

BedOfRoses — Wed, 26 Aug 2009 05:11:55 +0000

I’m quite confident that the downturn will not stay long. There are some positive sign shown in many counties.

By: Hash9

Hash9 — Tue, 25 Aug 2009 09:24:34 +0000

It seems not only have the real estate market that has been affected by the downturn, but also the travel market. But some of the countries are holding up well to the situation, the travel heaven of Dubai still shows progress in travel and real estate , especially luxury market. websites like www. luxhabitat .ae has a wide variety of listed luxury properties , all equally desirable. Hence some hope remains.