When you take a look at the Traffic auction, there were some decent bids not accepted.
Prague.com received a $200,000 bid. The asking price was $800,000. This is not a good worldwide economy, the notion that a city of 1.3 million would sell for $300,000 more than Brazil.com, a country of 192 million plus is fantasy imo. $200,000 was a very good bid, the seller can do whatever they like but don't blame TRAFFIC.
Dubai.com $750,000 bid received. The asking price was $4,000,000. This is not 2007 from Time World in October of 2010,
There's a half-off sale in the world's tallest building.
Even with an address at the iconic Burj Khalifa, rents for residences in the tower are not immune from Dubai's real estate crash. Indeed, nearly a year after it was inaugurated with a massive water-and-fireworks display, about 825 of the tower's 900 ultra-luxury apartments remain unoccupied, according to Better Homes, a real estate brokerage in Dubai.
The cost of renting a studio with floor-to-ceiling windows, marble fixtures and wooden floors has dropped to $1,815 a month from $3,025, while a one-bedroom apartment is available for $2,722 (it used to be $4,536), the brokerage says. Two-bedroom residences are expected to get $4,310, down from $7,183. Interested parties "call every few days and go for a viewing," says Imad Ben Khadra, a Moroccan expatriate who owns two 1,000-sq.-ft. one-bedroom apartments he purchased in late 2008 for about $950,000, both of which he is trying to rent out. "We got some offers [from prospective tenants], but nobody confirms." (See pictures of the Burj Khalifa, the tallest building in the world.) Read more: http://www.time.com/time/world/article/0,8599,2026934,00.html#ixzz1bIAQ1oto