Solution for Dubai's debt crisis

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 29, 2009 -- Dubai's debt crisis is manifestation of a storm that has been brewing for a long time. In a post on his website www.oscarspleasure.com, original thinker Oscar Foulkes has mooted a sustainable solution to the problem at the heart of Dubai's crisis - a gross oversupply of real estate.

He proposes a radical initiative, whereby Dubai’s objective would be to secure tenants – if necessary at very low rates – for the city’s vacant buildings. It sees government’s objectives changing from fulfilling nationalist objectives to a commercial one more synonymous with the world of the property developer. In fact, residency and business rights would be tied to rental agreements.

In his view, success would also require an administrative framework that creates an environment more conducive to business.

A self-declared Dubai-sceptic, he nevertheless prefers contributing to a solution, and has cheekily even gone so far as to offer his services. Foulkes is a proven "wild card" marketer, which may be just what is required in this case.

More information can be found online at http://oscarspleasure.com

developing dubai s economy     dubai debt crisis     dubai real estate     solutions to dubai problems