daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine

Go Back   SkyscraperCity > Continental Forums > United Arab Emirates - دار زايـــد

United Arab Emirates - دار زايـــد The exciting new world in Dubai , Abu Dhabi and other Emirates



Reply

 
Thread Tools
Old October 25th, 2009, 07:37 PM   #20061
glover
Registered User
 
glover's Avatar
 
Join Date: Nov 2006
Location: Dubai/Kuwait
Posts: 1,140
Likes (Received): 0

....
glover no está en línea   Reply With Quote

Sponsored Links
 
Old October 25th, 2009, 08:20 PM   #20062
True Blue
Born Again
 
True Blue's Avatar
 
Join Date: Feb 2006
Posts: 6,931
Likes (Received): 133

He's getting out of Select and moving his money to Cayan before prices go back out of reach
__________________
Always focus on where you are going and not where you have come from.

There are none so blind as those who won't see.
True Blue no está en línea   Reply With Quote
Old October 25th, 2009, 11:42 PM   #20063
HappyLarry
Registered User
 
HappyLarry's Avatar
 
Join Date: Jun 2008
Posts: 417
Likes (Received): 0

Quote:
Originally Posted by Morrismarina View Post
Look cockhead, it's not my developer (who isn't a white man by the way) that's took away my visa, it's the Dubai Goverment. They're a bunch of lying, cheating crooks, encouraged me to invest in their currently by having a 3 years visa on offer then removing it. And you expect me not to be unhappy about it ?
By your own admission you went against your friends advise. So, you are not difficult to figure out. I can imagine, since you were in such a bullish mood at the time, you also signed on that dotted line and drooled over the BS, Select Properties was dishing out to you.
I can guarantee you that no government will promise an alien the right to entry without checking them out first.
So, read your contract 'cockhead' and quit blaming the world for your own mistakes.
__________________
Honesty is the best policy. A friend in need is a friend indeed.

Homer SimsonFan Club!



HappyLarry no está en línea   Reply With Quote
Old October 25th, 2009, 11:54 PM   #20064
HappyLarry
Registered User
 
HappyLarry's Avatar
 
Join Date: Jun 2008
Posts: 417
Likes (Received): 0

Quote:
Originally Posted by shagdash View Post
u did mention china was communist and both china and russia have embarked on the road to democracy - sounds like politics to me. hence my comments on politics and religion.
i suppose ffs means "full of shit"?? so u don't think talking abt a country's political/religious leanings has anything to do with the visa quagmire that many dubai investors are stuck with??
n by "pissed off" do u mean drunk or angry? maybe i'm growing duller by the day, but cannot for the life of me understand unnecessary personal comments that aren't even clear. and midnight express? care to elaborate? or do u intentionally intend to be obtuse.
Sorry, I should have expanded on my reference.
I was eluding to two nations (China/Soviet Union) with enormous history and idiologies that are now open markets. Dubai is merely a toddler and will of course suffer some knocks before it's able to walk.
I do understand that investors are locked into Dubai's future, me included. But, from time to time, the odd character can not handle the stresses of their circumstances and spill their bile onto this forum.
Take MM's example. How insulting was he to Arabs.
__________________
Honesty is the best policy. A friend in need is a friend indeed.

Homer SimsonFan Club!



HappyLarry no está en línea   Reply With Quote
Old October 26th, 2009, 08:00 AM   #20065
Dubaiiscool:)
Registered User
 
Dubaiiscool:)'s Avatar
 
Join Date: Mar 2009
Location: ASIA-AUSTRALASIA-AFRICA
Posts: 1,284
Likes (Received): 11

This report suggestas that Dubai will be emerging leaner and stronger

Five months is a long time to be away from my home in Dubai ; my second home, that is ; and as we touched down at Dubai International, courtesy of Emirates airlines, (probably the best airline anywhere), I wondered if things had really got as bad as the scare-stories would have us believe.

For the world's media have certainly seized upon Dubai as the fallen idol of the Middle East , once they wrote, the byword for 21st century, futuristic architecture and unrivalled prosperity, the epitome of luxury and excellence' and now depicted as a ghost town of empty shops and restaurants, and huge deserted building-sites topped by motionless cranes, silent in the midday sun.


http://gulfnews.com/business/opinion...onger-1.519122
Dubaiiscool:) no está en línea   Reply With Quote
Old October 26th, 2009, 08:24 AM   #20066
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,594
Likes (Received): 236

Dubai planning to unveil $6.5b bond

The latest programme, to be finalised in the next few days at the end of its roadshow, comes as the cost of insuring Dubai's debt falls towards a recent one-year low.

http://gulfnews.com/business/economy...-bond-1.519222
Imre no está en línea   Reply With Quote
Old October 26th, 2009, 11:20 AM   #20067
AltinD
The Modecator
 
AltinD's Avatar
 
Join Date: Jul 2004
Location: Tiranë / DUBAI / Vienna
Posts: 30,082
Likes (Received): 3261

Quote:
Originally Posted by wittyman View Post
Hi AltinD,

I am not that experienced in using Skyscrapercity. I understand that you think the new thread was not proper. If I know the reason I will be a better user. (I didnot open the the thread but did suggest that it was a good idea)

Thanks..
This is a forum for Skyscrapers, construction and Architecture so we try to keep the Real Estate part of it to a minimum.
__________________
I am the eye in the sky, Looking at you
I can read your mind
I am the maker of rules, Dealing with fools
I can cheat you blind.

AltinD no está en línea   Reply With Quote
Old October 26th, 2009, 11:31 AM   #20068
Chuckles4
Registered User
 
Join Date: Feb 2009
Posts: 22
Likes (Received): 0

Quote:
Originally Posted by AltinD View Post
UNDone!!
Well done, AltinD....Show them who is the boss around here!!
Chuckles4 no está en línea   Reply With Quote
Old October 26th, 2009, 11:59 AM   #20069
True Blue
Born Again
 
True Blue's Avatar
 
Join Date: Feb 2006
Posts: 6,931
Likes (Received): 133

Lloyds TSB International Buy to let mortgages includes Dubai Villas.

Lloyds TSB are offering buy to let mortgages in Dubai at 50% LTV and 3.5% above the Bank of England base rate if you sign on a sterling mortgage. This would become 4% at the current BOE rate of 0.5%. They will only consider 70% of rental income in calculating amount of offer. So you still need plenty of capital.

You can take the mortgage in dollars and it becomes 3.5% above the cost of funds rate(not sure what that means) Doing it in dollars means you won't get caught up in the currency exchange trap unless they delink the Dirham.

Could be valuable to people struggling to pay the last installment of a newly completed property or for someone who owns a couple of mortgage free Dubai properties looking to buy some more

Just noticed they don't lend on apartments yet just villas

here is the link; http://www.lloydstsb-offshore.com/in...rtgages/rates/
__________________
Always focus on where you are going and not where you have come from.

There are none so blind as those who won't see.
True Blue no está en línea   Reply With Quote
Old October 26th, 2009, 12:08 PM   #20070
dubaiprojects
Skyscrapercity Addict
 
dubaiprojects's Avatar
 
Join Date: Nov 2007
Posts: 432
Likes (Received): 6

http://www.thenational.ae/apps/pbcs....ANCE/710239886

Interestingly he bought the property in Cyprus, while he was partying in dubai.
Is cyprus such an attractive place for real estate?
dubaiprojects no está en línea   Reply With Quote
Old October 26th, 2009, 01:04 PM   #20071
Philippa C
Registered User
 
Join Date: Jan 2008
Posts: 539
Likes (Received): 0

Quote:
Originally Posted by HappyLarry View Post
By your own admission you went against your friends advise. So, you are not difficult to figure out. I can imagine, since you were in such a bullish mood at the time, you also signed on that dotted line and drooled over the BS, Select Properties was dishing out to you.
I can guarantee you that no government will promise an alien the right to entry without checking them out first.
So, read your contract 'cockhead' and quit blaming the world for your own mistakes.
That's very unfair. We bought an Emaar villa, not for the visa but because rents were going so high that the mortgage payment was less than the rent. Emaar very clearly said they would help buyers who were not working obtain a visa. They even printed out a fact sheet on the procedure to apply for the visa. Developers obviously had the go ahead from the Dubai government to get visas for property buyers but gov policy has since changed. To say it was anything other than misrepresentation or a change in policy is unfair to those who took official documents from gov developers at face value and in good faith.
Philippa C no está en línea   Reply With Quote
Old October 26th, 2009, 01:06 PM   #20072
Philippa C
Registered User
 
Join Date: Jan 2008
Posts: 539
Likes (Received): 0

Quote:
Originally Posted by Dubaiiscool:) View Post
Five months is a long time to be away from my home in Dubai ; my second home, that is ; and as we touched down at Dubai International, courtesy of Emirates airlines, (probably the best airline anywhere), I wondered if things had really got as bad as the scare-stories would have us believe.


http://gulfnews.com/business/opinion...onger-1.519122
It reads as a "thank you note" for a free holiday. Nothing of substance in it at all.
Philippa C no está en línea   Reply With Quote
Old October 26th, 2009, 02:26 PM   #20073
shagdash
Registered User
 
Join Date: Oct 2009
Location: Dubai
Posts: 240
Likes (Received): 0

Another doom n gloom article

Deyaar cuts 20% staff

http://www.thenational.ae/apps/pbcs....NESS/710269992
shagdash no está en línea   Reply With Quote
Old October 26th, 2009, 04:02 PM   #20074
HappyLarry
Registered User
 
HappyLarry's Avatar
 
Join Date: Jun 2008
Posts: 417
Likes (Received): 0

Quote:
Originally Posted by Philippa C View Post
That's very unfair. We bought an Emaar villa, not for the visa but because rents were going so high that the mortgage payment was less than the rent. Emaar very clearly said they would help buyers who were not working obtain a visa. They even printed out a fact sheet on the procedure to apply for the visa. Developers obviously had the go ahead from the Dubai government to get visas for property buyers but gov policy has since changed. To say it was anything other than misrepresentation or a change in policy is unfair to those who took official documents from gov developers at face value and in good faith.
Emaar very clearly said they would help buyers who were not working obtain a visa.

My Damac contract says the same. No one has guaranteed me anything. It is just a clause in the contract. Sure, it pisses us off but at the end of the day, the Dubai government can not be held responsible and can not be expected to open doors to all and sundry.
Whatever the outcome, we will remain their guests and it is for them to decide if we stay or go. That is the norm elsewhere too.
__________________
Honesty is the best policy. A friend in need is a friend indeed.

Homer SimsonFan Club!



HappyLarry no está en línea   Reply With Quote
Old October 26th, 2009, 04:44 PM   #20075
dubaiprojects
Skyscrapercity Addict
 
dubaiprojects's Avatar
 
Join Date: Nov 2007
Posts: 432
Likes (Received): 6

Quote:
Originally Posted by HappyLarry View Post
.

Whatever the outcome, we will remain their guests and it is for them to decide if we stay or go. That is the norm elsewhere too.
Never doubted on that one and thats why I feel ok and I believe most of us made some good money by investing here wisely. For those who did not calculate the overall risk and invested everything they earned probably are in deep shit. I have a few friends who invested in Ajman and couldnt even get a cancellation to get some money back from developers.
dubaiprojects no está en línea   Reply With Quote
Old October 27th, 2009, 01:35 AM   #20076
Dubai_Steve
Dubai State of Mind
 
Dubai_Steve's Avatar
 
Join Date: Jan 2005
Posts: 8,394
Likes (Received): 70

Dubai’s Long-Term Outlook ‘Fantastic’: Strategist

DUBAI — The long-term outlook for Dubai looks “quite fantastic,” but the government should diminish its role in business and continue to encourage more private entrepreneurship to ensure sustained economic growth, a leading business strategist said
 on Monday.

Gary Hamel, a renowned strategist, ranked as the ‘World’s most influential business thinker’ by the Wall Street Journal, said although Dubai would face some difficulties in the short-term, its medium term outlook looked quite satisfactory.

“With an excellent infrastructure in place, Dubai will continue to attract global talents, and I believe, the emirate’s long term outlook remains quite fantastic. But the government must cede some of its economic role to the private sector to encourage more business initiatives,” Hamel, told Khaleej Times on the sidelines of the Leaders in Dubai Business Forum at the Dubai International Convention and Exhibition Centre.

A big lesson the world has learnt from the current financial crisis is that incredible or abnormal growth in any economy cannot be sustainable, he said. “People have been collectively stupid in believing that the unprecedented scale of growth is sustainable. I call it collective myopia when businesses ignored the long-term growth aspect.”

http://www.khaleejtimes.com/DisplayA...October605.xml
Dubai_Steve no está en línea   Reply With Quote
Old October 27th, 2009, 01:41 AM   #20077
Dubai_Steve
Dubai State of Mind
 
Dubai_Steve's Avatar
 
Join Date: Jan 2005
Posts: 8,394
Likes (Received): 70

UAE Cost of Living Report 2009: Accommodation

Kershaw Leonard has released its annual Cost of Living report, the sixth installment of the paper. After comparing the UAE market in mid-2008 to the California gold rush of the 1800s, the Dubai-based recruitment and HR consultancy has said that the market in 2009 now resembles 'survival of the fittest'. With housing costs having spiralled in 2008, the study looks at what the decline in prices has meant for the UAE's emirates.

'Out of all the cities of the UAE, it is within Dubai that some of the biggest changes have taken place,' the report says.

'Yet, some of the most interesting observations of this year's report are the increasing differences between Dubai and Abu Dhabi, and what some see as an increasing divide between the two cities.'

The report notes that inflation, fuelled primarily by the ever-increasing property bubble, reached over 12% - according to official figures - at the market's peak in 2008, although the 2008 report suggested the actual figure to be nearer 20%. One effect of the turnaround in the market has been to lower these figures.

The turnaround has been most strongly felt in the real estate sector. With mushrooming rental rates across Dubai overheating the market and pushing people to consider buying their property, the steep decline in prices post Q3 2008 has had a comprehensive effect on the city.


Rental slides

Citing comparison tables of different unit types and locations from April 2008, September 2008, April's Rera index and September 2009, the report notes that: 'The rent on a studio apartment in Dubai Marina might now be 53% less than in September 2008, and a two-bedroom apartment in International City 48% less. In terms of villas, the rent on a three-bedroom in the Springs is around 44% less than one might have paid one year ago, and a five-bedroom on Jumeirah Palm, 22% less.'

Conversely Abu Dhabi had continued to witness increases: 'Rental prices are not only on the increase from last September, but in some cases are considerably higher - 36% for a studio flat on the Airport Road, or 20% for a one-bedroom apartment on Muroor Road, for example. This is not discounting the fact that, unlike Dubai, there is still significant undersupply in the capital.'

The undersupply is highlighted by the inclusion of figures showing that, while 362,000 units will be needed in Abu Dhabi in 2010, only 340,000 will be available. Dubai, on the other hand, will see an oversupply of approximately 30,000 units in 2010. This oversupply has affected purchase prices accordingly, with the cost of a studio in Old Town falling by 36.8% compared to last September, and the price of a three-bedroom villa, both in the Springs and on the Palm dropping by approximately 50%.


Looking ahead

Looking ahead, the report finds that, although a reported $582bn worth of real estate and infrastructure projects have been put on hold or cancelled in Dubai, a further $700bn worth are ongoing throughout the UAE.

Citing Proleads, the study finds that: '"Compared to most European countries, that's a lot of projects." In the longer-term half-finished projects will have to be completed - although many flagship projects, such as Dubai Waterfront which is currently on hold, may be considerably scaled down.'
Dubai_Steve no está en línea   Reply With Quote
Old October 27th, 2009, 12:37 PM   #20078
moscowboy
Registered User
 
Join Date: Apr 2009
Posts: 352
Likes (Received): 0

..

Last edited by moscowboy; October 27th, 2009 at 02:05 PM.
moscowboy no está en línea   Reply With Quote
Old October 27th, 2009, 01:12 PM   #20079
noir-dresses
bling bling
 
noir-dresses's Avatar
 
Join Date: Apr 2008
Location: Toronto-Zagreb-Zrce-Dubai
Posts: 4,095
Likes (Received): 540

I hear Russian's smoke radio active cigarette's with tabaco grown in Chernobyl

noir-dresses no está en línea   Reply With Quote
Old October 27th, 2009, 01:59 PM   #20080
DXBQuantum
Registered User
 
DXBQuantum's Avatar
 
Join Date: Nov 2008
Location: From - London, Work - Dubai, Ski - Colorado, Fly - New Zealand
Posts: 902
Likes (Received): 1

yeah and vodka that glows in the dark.
__________________
>>BRING BACK SKY CITY 1000 AND X-SEED 4000<<

For once you have tasted flight you will walk the earth with your eyes turned skywards, for there you have been and there you will long to return.
Leonardo da Vinci
DXBQuantum no está en línea   Reply With Quote


Reply

Tags
dubai

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 10:57 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Feedback Buttons provided by Advanced Post Thanks / Like v3.2.5 (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu