Property & Investment in Dubai: Your questions about the market

[Josau]

Originally Posted by agod

An eagle eyed Owner took a photo of our panels withe covering on, and it turns out they are made by this company are are fully Fire rated and Tested, I can only Imagine the Archtect insisted on these, left up to Trident they would have been some "Sharjah Specials"

http://alpolic-usa.com/

At Marina View Towers we have panels from the same company. Important so that it is the "alpolic/fr" ones. While the plastic wrap was still on the panels, it should therefore read alpolic/fr.
Actually alpolic/fr panels have been used on Burj al Arab and the DXB concourses amongst others.

[Pleth]

I don't know what has happened to Dubai! But here is so crowded at the moment, all restaurants are fully booked, there are no taxies to get and the traffic is getting as bad as before the recession 3 years ago!
Every night Sheik Zayd Road is blocked from Mall of the Emirates to Business Bay just like in the old days 2 - 3 years ago.
My friend is here for a weeks holiday and was sadly told that there are 2 weeks wait to get up the Burj Khalifa.
This morning I waited an hour for a taxi. Last night people almost got into a fight for a taxi.

I guess tourism is just doing great here!

[jeetha]

And so is rentals. My friend has just rented out his studio in Silverene 80,000 (one cheque).

[noir-dresses]

Has anybody ever dealt with a realestate company called Everest Homes ? They keep sending me messages all the time.

[Josau]

Originally Posted by jeetha

And so is rentals. My friend has just rented out his studio in Silverene 80,000 (one cheque).

in this case we are really not far from 2008, when a MVT studio, which is of a lesser quality than Silverene rented for 82,000 (one check).

[True Blue]

Originally Posted by jeetha

And so is rentals. My friend has just rented out his studio in Silverene 80,000 (one cheque).

The studios in Silverene are not a bad size as studios go and they have a balcony if I recall correctly. They are not much smaller than the 1 beds in Bay Central West.

[agod]

Originally Posted by Pleth

I don't know what has happened to Dubai! But here is so crowded at the moment, all restaurants are fully booked, there are no taxies to get and the traffic is getting as bad as before the recession 3 years ago!
Every night Sheik Zayd Road is blocked from Mall of the Emirates to Business Bay just like in the old days 2 - 3 years ago.
My friend is here for a weeks holiday and was sadly told that there are 2 weeks wait to get up the Burj Khalifa.
This morning I waited an hour for a taxi. Last night people almost got into a fight for a taxi.

I guess tourism is just doing great here!

WONDERFUL.................

[icemannapoli]

Originally Posted by agod

WONDERFUL.................

I confirm every word...it's simply booming again! Let's hope it will last longer...

[True Blue]

There are moves in the UK to stop global companies avoiding tax by passing on head office costs from tax free regions. This is one of the reasons Dubai has become so popular, they open an office in an offshore tax haven and raise service charges to the taxed nations until it obliterates the profit, and hence no tax. As all the costs are passed on, the Dubai branch becomes a massive profit centre which is tax free and can then distribute higher dividends to its global share holders. The 2 biggest offenders are Google and Starbucks. Starbucks use Switzerland I believe, but Google is in Dubai.

[unknownpleasures]

What's the idea of another mega project?? 2 miles from DSC?? Why not finish DSC first when so many have been left short already!

[Pleth]

Originally Posted by True Blue

There are moves in the UK to stop global companies avoiding tax by passing on head office costs from tax free regions. This is one of the reasons Dubai has become so popular, they open an office in an offshore tax haven and raise service charges to the taxed nations until it obliterates the profit, and hence no tax. As all the costs are passed on, the Dubai branch becomes a massive profit centre which is tax free and can then distribute higher dividends to its global share holders. The 2 biggest offenders are Google and Starbucks. Starbucks use Switzerland I believe, but Google is in Dubai.

I have always said Dubai would be ideal for this.
Also for private banking.
Dubai will be the new Switzerland, now EU is closing (or trying to close) Switzerland.
As they already closed Gibraltar.

And the answer to everything in Europe is to put up the taxes.
I guess EU will have to build a Berlin wall around them so nobody can move out...

[unknownpleasures]

http://www.hoteliermiddleeast.com/15...-city-project/

^ wow!! Why?

[True Blue]

Originally Posted by unknownpleasures

http://www.hoteliermiddleeast.com/15...-city-project/

wow!! Why?

Deja vu!

[Mistermark]

Originally Posted by Pleth

I have always said Dubai would be ideal for this.
Also for private banking.
Dubai will be the new Switzerland, now EU is closing (or trying to close) Switzerland.
As they already closed Gibraltar.

And the answer to everything in Europe is to put up the taxes.
I guess EU will have to build a Berlin wall around them so nobody can move out...

I always thought this is how Dubai would position itself, as a Middle Eastern equivalent of Singapore. However offshore financial centres need, above all else, effective judicial and regulatory infrastructures. Sadly Dubai falls a long way short of that goal.

[Impy]

Residential rents in Dubai rose 17 percent on average amid population growth and limited supply in certain areas, according to CBRE Group Inc.

“Dubai is seeing higher rental growth this year due to a sustained period of population growth, positive economic performance, increased occupier demand and limited availability of quality units in the most desirable locations,” Matthew Green, head of United Arab Emirates’ research at CBRE Middle East, wrote in a report today.

[UAE Investor]

Originally Posted by Impy

Residential rents in Dubai rose 17 percent on average amid population growth and limited supply in certain areas, according to CBRE Group Inc.

“Dubai is seeing higher rental growth this year due to a sustained period of population growth, positive economic performance, increased occupier demand and limited availability of quality units in the most desirable locations,” Matthew Green, head of United Arab Emirates’ research at CBRE Middle East, wrote in a report today.

what about non desirable locations ?

(DSC investor)

[UAE Investor]

Dubai Government in 20 million euro cash, gone missing re irish investors in Dubai Sports City

Originally Posted by Towers3

http://www.rte.ie/news/2012/1203/dub...t-protest.html

[UAE Investor]

What ever happened to dubailand !

http://gulfnews.com/news/gulf/uae/ge...-hub-1.1110564

[True Blue]

Originally Posted by UAE Investor

What ever happened to dubailand !

http://gulfnews.com/news/gulf/uae/ge...-hub-1.1110564

IMO It won't be built due to the lack of success of Global village.

What ever happened to Cirque de Soliel @ Palm Jumeirah, Palm Jebel Ali, PJA Bush Gardens theme park, Palm Deira, Arabian Canal, The Waterfront, Nakheel Harbour, Dubai Promenade, Tiger Woods Golf Dubailand, et al. All these projects were started and disappeared into oblivion.

Oh and I nearly forgot, Marina Sky Towers

[UAE Investor]

Originally Posted by True Blue

IMO It won't be built due to the lack of success of Global village.

What ever happened to Cirque de Soliel @ Palm Jumeirah, Palm Jebel Ali, PJA Bush Gardens theme park, Palm Deira, Arabian Canal, The Waterfront, Nakheel Harbour, Dubai Promenade, Tiger Woods Golf Dubailand, et al. All these projects were started and disappeared into oblivion.

Oh and I nearly forgot, Marina Sky Towers

TB please do your home work..Global village is great and always full of poeple..!

Originally Posted by UAE Investor

More than 600,000 flock to Global Village

http://www.emirates247.com/news/emir...m_medium=email