Property & Investment in Dubai: Your questions about the market

[Monument]

Have Meadows prices moved much recently. Seem to be flat - is that a correct analysis?

[I Know]

This is fantastic news for the Palm, Maybe it will spill over into the other areas too, Seems like more people are coming Lets see what happens

“They come and spend cash and they know what they want. They are mainly looking for the Palm. Just right now, we have two or three big negotiations that we can close… We are talking about AED9m ($2.45m) plus.” said Gabor Szalay, director of Provident Estate.

Full article - http://www.arabianbusiness.com/afgha...ah-445224.html

[glover]

right, next you are going to ask for sharia law in dubai because it will be "good" for islamic tourism!

i think moderators should open a thread for religion so that "i know" can post there as much as he can. he sure have a fundamentalist genda.

Originally Posted by I Know

Not only are Mosques required in the new Dubai areas to provide worshippers ease in new residential areas like JBR, Marina and JLT to name a few, people are calling for Prayer rooms at all metro stations too.

Will be good for the real estate market as Muslims will prefer to live near a Mosque, can commute on the metro and have all the facilities they would require







http://gulfnews.com/news/gulf/uae/co...uired-1.981402


Altogether lovley

[noir-dresses]

Old traditions are going to have to find they're place with the UAEs rapid modernization. There's no going back any more, and there's also no reason culture/customs can't be preserved aswel.

Being a knowledge based society is the key.

[smussuw]

keep them coming I Know

[speculator]

Keep it up " I Know " Your posts are interesting and very relevant unlike many others who have no input.

[Monument]

Originally Posted by I Know

This is fantastic news for the Palm, Maybe it will spill over into the other areas too, Seems like more people are coming Lets see what happens




Full article - http://www.arabianbusiness.com/afgha...ah-445224.html

Interesting thing about this piece is that Dubai continues to suck in cash and talent from its region in the way Hong Kong, Singapore, Switzerland and London do from their regions. Dubai is considered a safe haven in the region whereas re-investing in the country to which the money belongs is not considered safe.

This is the strength of Dubai -relative stability - it cannot afford to lose that or it no longer Dubai as the talent and funds will go elsewhere.

To be contradictory, it is also arguably good too for the country from which the money has leaked. As a lot of that cash is eventually re-invested back from Dubai to that country. Certainly happens that way in Hong Kong and Singapore on which Dubai sub-consciously models itself.

[Josau]

The next big real estate crisis in Dubai:bankrupt buildings becoming eventually unfit to live in http://www.skyscrapercity.com/showpo...postcount=7449
http://www.skyscrapercity.com/showpo...postcount=7450
http://www.skyscrapercity.com/showpo...postcount=3704

[noir-dresses]

Originally Posted by Josau

The next big real estate crisis in Dubai:bankrupt buildings becoming eventually unfit to live in http://www.skyscrapercity.com/showpo...postcount=7449
http://www.skyscrapercity.com/showpo...postcount=7450
http://www.skyscrapercity.com/showpo...postcount=3704

I doubt buildings will go bankrupt, the only thing that will happen from this is that dead beat landloards will learn to start paying they're bills.

It's normal everywhere if you don't pay, your cut off.

[Imre]

Dubai residents misusing balconies to be fined from March

Trakhees says awareness campaign ends this month; fine set at Dh500 per offence

By Parag DeulgaonkarPublished Saturday, February 25, 2012

Residents of Palm Jumeirah, Jumeirah Lakes Tower, International City and Discovery Gardens will start getting fines from March if they are found hanging clothes or having a barbecue on their balcony, 'Emirates24|7' can reveal.

Trakhees, the organisational arm of Ports, Customs and Free Zone Corporation, supervises residential communities, which also includes Jumeirah Heights Jumeirah Village, Jebel Ali Downtown, will end its awareness campaign that started in October last year by month-end.

“We will end our awareness campaign by end-February and start issuing fines to those not obeying the law from March,” a company spokesman told this website.

In November, the Community Conformance Division of Trakhees had informed residents not to fix satellite dishes on the facades or balconies of their buildings; not to use balconies as places of storage for any purpose other than seasonal furniture pieces; not to hang sheets, clothes or curtains or rugs or mops or laundry on balconies or railings of homes and not to have barbecues in their balconies.

The authority says it has undertaken a comprehensive community-based awareness campaign that includes a range of awareness-raising posters and brochures in five languages: Arabic, English, Hindi, Urdu, and Chinese. Those failing to follow the rules would face a fine Dh500 per offence.

Separately, tenants breaching the occupancy limit regulation set up Trakhees could face fines of up to Dh50,000. The maximum allowable occupancy limit for apartments is one person per 200 square feet from the total property area.

http://www.emirates247.com/property/...02-25-1.444857

[True Blue]

These are all Nakheel communities! Is that why the marina iss missing from the list?

Anyway we have heard it all before, lets see some action.

[Green Hornet]

Originally Posted by Josau

The next big real estate crisis in Dubai:bankrupt buildings becoming eventually unfit to live in

Couldn't agree more.
This is a massive issue which threatens to turn many buildings in Dubai into ghost towers.
From what I know the inept Goverment is doing zilch to address this issue.

There are zillions of investors who put their money into Dubai. Many have watched their investments tumble in price etc.Although much of this was due to the worldwide slump, the Goverment could have done something to help matters.They did nothing.

Now it is their duty to make sure those who don't pay their maintenance fees do pay.

I think this issue is important enough to warrant its own thread mods?

[Green Hornet]

Originally Posted by noir-dresses

the only thing that will happen from this is that dead beat landloards will learn to start paying they're bills.

O really? And why will they?

[Green Hornet]

Originally Posted by True Blue

You need to get used to foreigners being in Dubai, it's what your Sheikh wanted. Not just for the financial stability in the future but for the added security it affords now!

Telling it like it is ! Over and out !


Basically not wishing to stir things up but if Dubai was swamped by westerners taking up all the positions of Goverment, admin, regulation, service, Dubai would prosper like you wouldn't believe.

Those in these positions currently are useless, inept, inexperienced, lazy, unorganised etc.

[noir-dresses]

Originally Posted by Green Hornet

O really? And why will they?

I think your above post say's it all. What's wrong with paying your maintenance fee's to insure your buildings upkeep is taken care of, and most important that it's not cut off from utility providers also ?

Yes there should be serious penalties for non payers because it's not fare to the people who do pay, and that's where we need government regulation to inforce that.

I'm a little confused with your reply, are you saying I'm right, or wrong with my view ?

[speculator]

Originally Posted by Green Hornet

Telling it like it is ! Over and out !


Basically not wishing to stir things up but if Dubai was swamped by westerners taking up all the positions of Goverment, admin, regulation, service, Dubai would prosper like you wouldn't believe.

Those in these positions currently are useless, inept, inexperienced, lazy, unorganised etc.

Don't you think the westerners need to get their own house in order first ?

[noir-dresses]

Originally Posted by speculator

Don't you think the westerners need to get their own house in order first ?

Spec how about we put this nonesense behind us, and focus more on what we all have in common. Let's try to keep the forum a pleasure to post on, what do you say ?

A few of us have been hard on one another, but hey it's all water under the bridge, let's move on.

[smussuw]

Originally Posted by speculator

Don't you think the westerners need to get their own house in order first ?

[James_]

This topic is hardly ever used for its intended purpose any more

Its all become anti-western abuse

Remember without all foreign investment Dubai would still just be a desert!

[James_]

And by intended purpose I mean
"Property and Investment in Dubai: your questions about the market"