Do you see the light, yet?
Jun 10th 2009 | 5:26 am
#16
BE Forum Addict
Joined: May 2007
Posts: 1,644
From: Utopia
Re: Do you see the light, yet?
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.
So enjoy the temporary easing and movement towards stability but hold onto your hats as this ride hasn't bottomed out yet.
Jun 10th 2009 | 9:24 am
#17
Thread Starter
VP - Rangers Support Club
Joined: Sep 2005
Posts: 340
From: Dannemora, Auckland(ex EK,Scotland)
Re: Do you see the light, yet?
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?
Jun 10th 2009 | 4:01 pm
#18
BE Enthusiast
Joined: May 2007
Posts: 355
From: UK... for now...
Re: Do you see the light, yet?
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."
"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."
Jun 10th 2009 | 7:31 pm
#19
Forum Regular
Joined: Jun 2008
Posts: 52
Re: Do you see the light, yet?
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."
"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."
Jun 10th 2009 | 7:40 pm
#20
Go on.. Pull my finger..
Joined: Jul 2008
Posts: 5,726
From: Dubai
Re: Do you see the light, yet?
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."
"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."
Jun 11th 2009 | 6:04 pm
#21
Joined: May 2007
Posts: 317
Re: Do you see the light, yet?
... 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."
"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."
Jun 13th 2009 | 8:54 pm
#22
Bored liberal
Joined: Feb 2007
Posts: 13,713
From: Over there ----->
Re: Do you see the light, yet?
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?
-
Nov 3rd 2009 | 6:45 am
#23
Thread Starter
VP - Rangers Support Club
Joined: Sep 2005
Posts: 340
From: Dannemora, Auckland(ex EK,Scotland)
Re: Do you see the light, yet?
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?
Nov 3rd 2009 | 7:56 am
#24
BE Enthusiast
Joined: Dec 2008
Posts: 328
From: Dubai/Glasgow
Re: Do you see the light, yet?
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.
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.
Nov 4th 2009 | 4:45 am
#25
BE Enthusiast
Joined: May 2009
Posts: 474
From: Back in the best hemisphere...
Re: Do you see the light, yet?
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.
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.
Nov 4th 2009 | 4:53 am
#26
Lost in BE Cyberspace
Joined: Jul 2009
Posts: 15,887
From: Disneyland, Dubai
Re: Do you see the light, yet?
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."
"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 can't thinking that people were fired as the chequered flag was waived at the F1 last weekend!
Nov 4th 2009 | 5:01 am
#27
BE Forum Addict
Joined: May 2007
Posts: 1,644
From: Utopia
Re: Do you see the light, yet?
A fair few will be going between now and end of December.
Nov 5th 2009 | 5:55 am
#28
Is not impressed...
Joined: Aug 2008
Posts: 258
From: Dubai
Re: Do you see the light, yet?
Because AD was added to Dubizzle fairly recently and agents are now catching on?
Nov 5th 2009 | 9:12 am
#29
Forum Regular
Joined: Jan 2008
Posts: 197
Re: Do you see the light, yet?
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
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
