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Old February 7th, 2006, 10:44 PM   #101
fahed
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^ It is not a matter of demand on residentials, because as you said the residential projects are still going on in other areas. I think they just want to concentrate on the aim of Dubailand (entertainment and leisure).

If you look at dubailand overall, you would see that the residentials planned, are quite good in number and position. They want to introduce more rides and more fun. I am sure that the next phase would WOW us all

Time would tell
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Old February 7th, 2006, 10:48 PM   #102
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Quote:
Originally Posted by luv2bebrown

what do u guys think?

Look at the Burj Dubai complex area. This is only 1km▓ but look how big this km▓ really is, how many people will live and work there.

10 times larger and you have Business Bay and again 10 times larger you have Dubailand. This is the size we are talking about.

I think Palm Deira and Dubai Waterfront are as large as Dubailand. Maybe they should develope slower, too. There are many places that just need to be filled: Buisness Bay, Dubai Marina, JLT, Palm Jumeirah, Palm Jebel Ali, DIFC, TECOM,......
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Old February 8th, 2006, 02:03 AM   #103
malec
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The thing is, Dubailand was getting carried away with some of its projects so they pulled the ropes on it a bit since the main aim was getting lost. Also they decided to slow it down so that there wouldn't be as much competition between all the projects
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Old February 8th, 2006, 04:06 AM   #104
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It only took 103 posts but we are now on topic! Let's keep it that way.
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Old February 8th, 2006, 05:04 AM   #105
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Quote:
Originally Posted by luv2bebrown
you spew more shit than me after a good meal of palak paneer and butter chicken.

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Old February 8th, 2006, 05:05 AM   #106
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For the purpose of this discussion, I'd be interested to see some facts (preferably quoted from reliable third party source, hopefully not from chambers of commerce or government which may have the undertone of having their own agenda) regarding the hard numbers between what is exactly going to be delivered over the next 5 years and the projected demand. You can extrapolate a little from historical trends to see how it compares as well.

I've seen a lot of projects being touted about in these pages and realize that a whole lot of them may just be paper ones. Since I'm not sure myself how many are actually going to be built or are being offered it would be best to see the gap analysis between supply and demand just to form a better opinion on how serious this development is. As a real estate professional I've always been curious as to how exactly the economics of the real estate boom in Dubai was supposed to work with so many projects but realize that quite a bit of hype is always intertwined the facts. Sorting this out would be a good place to start as to whether there really are too many real estate developments in Dubai or these are just, more or less, in line with demand.
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Old February 8th, 2006, 06:44 AM   #107
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phew...sanity prevails! Good lads.
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Old February 8th, 2006, 04:17 PM   #108
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Quote:
Originally Posted by smussuw
example of protests?



Dubai taxi drivers stage protest

by Sunita Menon, Staff Reporter


Dubai: Thousands of taxi drivers from Dubai Transport┬ have staged a protest against unreasonable working conditions.

The protest that began at 8am on the premises of the company's head office in Al Quasis took an ugly turn when angry drivers shouted slogans against Dubai Transport's general manager.

The presence of riot police did not deter the drivers from surrounding the Dubai Police vehicle in which the general manager of the company was seated.

The drivers blocked the front and rear gates of the transport company just to make sure that company officials do not force drivers to go on duty.

"We have suffered enough," said a taxi driver to Gulf News. "We will not roll out the taxis unless we get the management to make our working conditions more reasonable," he added.

"When we took our grievances to the management nothing was done to make an improvement. We were told very clearly by the management that those drivers who are not happy with the working conditions should leave," said another taxi driver.

Officials from Dubai transport refused to make a comment when contacted┬ by Gulf News.┬


Yes but dont worry, peaceful protests and demonstrations (and other positive things in ME) ar rarely reported about in the west...
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Old February 9th, 2006, 06:19 PM   #109
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Investment in Dubailand to exceed AED65 billion in 18 months

Feb 9, 2006 - 02:18 -

Dubai, Feb. 9, 2006 (WAM) -- Saeed Al Muntafiq, CEO of Tatweer, which owns and manages Dubailand, announced that investments in Dubailand are expected to exceed AED 65 Billion over the next 18 months with the launch of several new projects.

"The investments by UAE, GCC and international investors in the exiting 26 projects has touched AED 35 Billion, and the investments in the new projects under study, which will also be carried out by investors from inside and outside the region are estimated between AED 27 - AED 30 Billion," Al Muntafiq said.

He pointed out that Tatweer, had been launched recently to manage companies and projects under Dubai Holding. Tatweer has created a complete unit to provide a single window service for Dubailand investors, including issuing of licenses, processing official paperwork, and related services.

The CEO of Tatweer added that the tremendous interest in Dubailand projects which are still under development to create the largest family entertainment project in the Middle-East, reflects the faith of the UAE, GCC, and international investors in UAE's stable economy and the booming growth of the tourism sector. "Two years ago when the project was launched several investors committed investments that exceeded our expectations. Infact some projects attracted competition from investors which gave us the option to compare and choose the best in line with our strategic mission to transform Dubailand into a family tourist destination attracting visitors from all over the world," he said.

"Dubailand will consist of 12 entertainment theme parks, including a water park which will be one of the largest water parks in the world. The theme parks also include the 'Dinosaur World' being set up in cooperation with British Natural History Museum, a complete Sports City featuring the most modern and advanced stadiums of international standard, with one of the stadiums having a capacity of 60,000 spectators, the Great Dubai Wheel, an Islamic, culture and science cluster, The Mall of Arabia which will be one of the largest shopping centres in the world, in addition to other attractive features to cater to all members of the family," he added.

Al Muntafiq pointed out that the elements of family entertainment in Dubailand will leverage UAE's efforts to strengthen its position as the leading global tourist hub. "It would add to the increase in the number of tourists which the country is already attracting from all over the world," he said.
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Old February 9th, 2006, 07:15 PM   #110
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so called freeze...

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Old February 10th, 2006, 10:06 AM   #111
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and another one


Dubailand set to launch developments worth Dh30b
By Shakir Husain, Staff Reporter



Dubai: Dubailand, a multi-billion-dollar residential and leisure development will see the launch of several new mega projects in the coming 18 months.

With the new investments, the value of Dubailand projects will exceed Dh65 billion, according to Tatweer, a Dubai Holding firm that owns and manages the development.

"The investments expected to be made by regional and international investors in the new projects under development are estimated between Dh27 billion and Dh30 billion," Tatweer chief executive Saeed Al Muntafiq said yesterday.

The current investments in 26 Dubailand projects are worth an estimated Dh35 billion.

Dubailand, launched two years ago, will have 12 entertainment parks, including one of the largest water parks in the world.

The theme parks will include The Restless Planet, a dinosaur theme park being developed in cooperation with the Natural History Museum in the UK. It will also house the Mall of Arabia, billed as "one of the largest shopping centres in the world."
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Old February 10th, 2006, 11:52 AM   #112
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yup this is a big freeze alright
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Old February 10th, 2006, 02:35 PM   #113
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so many projects at such a small span of time, NO GIANT IS BORN OVERNIGHT.

If there is a freeze(if there really is) just let it be, it will pass. The people of Dubai, I mean the people behind Dubai, know better than everyone of us so we really don't know.
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Old February 10th, 2006, 03:33 PM   #114
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yeah yeah this is what we call freeze in dubai
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Old February 11th, 2006, 02:54 AM   #115
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At last the Rulers of Dubai are using their heads....The 21 projects approved may now be financially unfeasible with these residential projects shelved. Dubai need to think realistically about future growths. 25% growth last year doesn't mean this will continue for the next 10 years. I really believe there will be a property crash soon in Dubai. There are simply too many projects being built at the same time and too many of the condos sold are to speculative investors. As oil revenue diminishes, Dubai will one day gradually introduce different forms of tax (incl. income tax). One form of tax could be introduced to owners of luxury homes in the Palm to pay for the regular upkeep and maintenance of the beaches damaged by this huge man-made island.
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