[benzonar]

Some proponents of Kondratieff's Long Wave theory are arguing that we are nowhere near the bottom yet and we may see a slight recovery before the real depression hits. They say they period we are entering now is merely a settlement towards equilibrium after the excess of the more recent years and the real drop point will hit 2010. Mainly as a result of the excessive debt loaded onto economies, coupled with increasing social costs. The fact that Govts are printing shitloads of money as well won't help either.

So enjoy the temporary easing and movement towards stability but hold onto your hats as this ride hasn't bottomed out yet.

[theduke]

I just read in a UK building magazine that private housing is starting to gain momentum again, which is always a good sign, I wonder how we will all know when things are on the up again, Will anyone ever trust any of the big finacial institutes again? Will more people put their money into bricks and mortar?

[Robbies]

http://www.gulfnews.com/business/General/10321794.html

"The private sector in the Gulf seems to be going from firing to hiring mode, banishing the recent wave of redundancies with about 42 per cent of companies planning to increase their staff in 2009."

[Marco78]

Originally Posted by Robbies http://www.gulfnews.com/business/General/10321794.html "The private sector in the Gulf seems to be going from firing to hiring mode, banishing the recent wave of redundancies with about 42 per cent of companies planning to increase their staff in 2009."

I've just seen a polar bear flying here from the 23rd floor of my towr in abu dhabi

[TGFKASE]

Originally Posted by Robbies http://www.gulfnews.com/business/General/10321794.html "The private sector in the Gulf seems to be going from firing to hiring mode, banishing the recent wave of redundancies with about 42 per cent of companies planning to increase their staff in 2009."

Wake me when they actually START.....

[diablo]

... I do ...

"The price of crude oil rose nearly 2 percent today to $72.68 a barrel, a high for the year and up from below $35 in March."

[Meow]

Originally Posted by theduke I just read in a UK building magazine that private housing is starting to gain momentum again, which is always a good sign, I wonder how we will all know when things are on the up again, Will anyone ever trust any of the big finacial institutes again? Will more people put their money into bricks and mortar?

Why would more people invest in property on the back of all this? It is an asset class like any other and, as people have relearnt, can fall as much as any other.

-

[theduke]

Seems appropriate to ask this question again, as I have been hearing lots or things that lots of big projects are coming to an end with nothing else starting?

[StublueKPL]

Originally Posted by theduke Everywhere I look at the moment I am reading how things are getting better and the end is near(of the downturn), but to be honest it doesn't feel like it. I very nearly moved over to Dubia in January 09 and was lucky enough to change my mind after my current company offered me a promotion and 25% wage increase, which was nice. However, I have decided that one day I would like to go and work on one these huge iconic buildings and as I am British and the Americans have never invaded or epressed us I have a low chance in getting a visa to work there and the only other place I can work on anything of the size and stature that I have in mind is Middle East. So the big question is when will the upturn begin, I know some of you will be all doom and gloom and I do want to hear your thoughts, but would also like to hear from the 1/2 full guys. Then that will give us a pretty even balance.

Sent you a PM.

[spart]

Admon @ #2 was pretty spot on. There is some infrastructure work going on in Abu Dhabi, but not seeing a lot of 'big buildings'.

By the way, ask yourself what you are really going to get out of working here. I find the region quite unprofessional and there are some real hacks working here in construction.

There isn't a lot of cutting edge design, construction or programme management going on here. What I do see, however, is fast track projects being executed, the number of people, items of plant and sheer activity at times can be pretty staggering. Lots of bluster and noise doesn't always necessarily mean the best outcomes...

Delivering a small $50M project in an urban area, in a western environment, for a public utility would challenge you more.

[EmiratesMillhouse]

Originally Posted by Robbies http://www.gulfnews.com/business/General/10321794.html "The private sector in the Gulf seems to be going from firing to hiring mode, banishing the recent wave of redundancies with about 42 per cent of companies planning to increase their staff in 2009."

interesting... why is it then that last week Dubizzle showed 215 villas in AD for rent, this week it is showing over 400 villas (and they are not new deliveries)

I can't thinking that people were fired as the chequered flag was waived at the F1 last weekend!

[benzonar]

Originally Posted by EmiratesMillhouse interesting... why is it then that last week Dubizzle showed 215 villas in AD for rent, this week it is showing over 400 villas (and they are not new deliveries) I can't thinking that people were fired as the chequered flag was waived at the F1 last weekend!

A fair few will be going between now and end of December.

[Aikman7981]

Because AD was added to Dubizzle fairly recently and agents are now catching on?

[Foxes]

Simple indicators to gauge real estate scenario of UAE Master Developers to focus on for true state of affairs in the coming weeks...

1. Repayment of Nakheel's sukuk payment of $3.5m in Dec 09
2. Opening of Burj - now put back to Jan 2010 (Emaar)
3. Opening of 1st phase of Central Market project - Souk due Dec 09 (Aldar)
4. Reports of Developers asking Investors to switch payments to other projects (Nakheel - Palm Jebel Ali Investors) (Dubai Properties Group - Lagoon Project)
5. Buisness Bay Infrastructure works - Dubai Properties Group
6. Quarterly reports of Emaar Shopping Malls - (Dubai Mall and Marina Mall)
7. Opening of Aldar HQ project - due early 2010

[admon]

Originally Posted by Aikman7981 Because AD was added to Dubizzle fairly recently and agents are now catching on?

I'd agree with this.