Al Raha Beach to be put on hold
Dec 20th 2008, 9:58 pm
#16
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Re: Al Raha Beach to be put on hold
Dec 20th 2008, 11:50 pm
#17
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Location: Abu Dhabi
Posts: 200
Re: Al Raha Beach to be put on hold
I disagree, I think accomodation will stay the same if not increase. As with the Dubai market, there is no real supply and demand relationship here. I think that landlords have got a taste for high rents and thats going to stay even if it means landlords leaving places empty.
Dec 21st 2008, 12:01 am
#18
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Joined: Feb 2007
Posts: 29,625
Re: Al Raha Beach to be put on hold
I disagree, I think accomodation will stay the same if not increase. As with the Dubai market, there is no real supply and demand relationship here. I think that landlords have got a taste for high rents and thats going to stay even if it means landlords leaving places empty.
Dec 21st 2008, 12:09 am
#19
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Joined: Nov 2008
Posts: 390
Re: Al Raha Beach to be put on hold
I can't believe how short sighted they are being. It's not like the AD market is overcooked like Dubai. Shame they don't see it as an opportunity to et it done properly, and take advantage of lower commodity prices and labour rates.
I suspect the AD SWF took a real pasting lately and the cash just isn't there
I suspect the AD SWF took a real pasting lately and the cash just isn't there
No, this is an ALDAR decision if true..But shortsighted, I agree on that.
Dec 21st 2008, 12:21 am
#20
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Posts: 7,646
Re: Al Raha Beach to be put on hold
I disagree, I think accomodation will stay the same if not increase. As with the Dubai market, there is no real supply and demand relationship here. I think that landlords have got a taste for high rents and thats going to stay even if it means landlords leaving places empty.
Besides,
What would all the expats say if the rents started to dip next year just as their off plan property(probably bought to make a killing in the rental market) is nearing completion................
Dec 21st 2008, 12:29 am
#21
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Posts: 29,625
Re: Al Raha Beach to be put on hold
well that is going to happen here Eva, no doubt about it.
Dec 21st 2008, 1:19 am
#22
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Joined: Sep 2008
Posts: 64
Re: Al Raha Beach to be put on hold
LoR having been making redundancies for the past month and it is generally well known that they are struggling -mostly cos they pi55ed off Aldar who have subsequently given some of the work earmarked for LoR to other companies.
Two of the other big construction companies involved at Raha Beach are actively recruiting so who knows the truth.
Two of the other big construction companies involved at Raha Beach are actively recruiting so who knows the truth.
Dec 21st 2008, 2:19 am
#23
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Re: Al Raha Beach to be put on hold
Was looking at offices to rent today: 'open to offers and 12 cheques' seemed to be the norm.
Dec 21st 2008, 2:22 am
#24
Lost in BE Cyberspace
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Re: Al Raha Beach to be put on hold
but that was presumably in dubai tho?
Dec 21st 2008, 2:24 am
#25
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Joined: May 2008
Posts: 5,125
Re: Al Raha Beach to be put on hold
I disagree, I think accomodation will stay the same if not increase. As with the Dubai market, there is no real supply and demand relationship here. I think that landlords have got a taste for high rents and thats going to stay even if it means landlords leaving places empty.
Dec 21st 2008, 3:45 am
#26
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Location: The Dust Bowl - Abu Dhabi
Posts: 1,219
Re: Al Raha Beach to be put on hold
What an absolute crock !
Yes there are cut backs, people will be laid off !
But the following contracts are still going ahead-
Al Bandar, Al Muneera, Aldar HQ, The Camps at Musaffah, Al Khubbeira and Al Zeina !
Yes I do work there and the strategy was outlined to all JLI staff at a meeting today !
Anna - Cant speak for th Aldar salaries but believe me the Laing salaries are in line with other construction companies throughout the UAE
Yes there are cut backs, people will be laid off !
But the following contracts are still going ahead-
Al Bandar, Al Muneera, Aldar HQ, The Camps at Musaffah, Al Khubbeira and Al Zeina !
Yes I do work there and the strategy was outlined to all JLI staff at a meeting today !
Anna - Cant speak for th Aldar salaries but believe me the Laing salaries are in line with other construction companies throughout the UAE
Dec 21st 2008, 3:47 am
#27
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Location: The Dust Bowl - Abu Dhabi
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Re: Al Raha Beach to be put on hold
Oh forgot Ferrari World (The GP Track) is ongoing and Motorworld will start shortly but instead of building temporary car showrooms we are building permanent ones!
Dec 21st 2008, 5:11 am
#28
banned
Joined: Oct 2008
Posts: 7,611
Re: Al Raha Beach to be put on hold
Oh no Karlos, don't ever let your informed truth get in the way of the abu dhabi doom and gloom knitting circle...
Dec 21st 2008, 5:12 am
#29
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Re: Al Raha Beach to be put on hold
Right off to find ajob in Bahrain !
Dec 21st 2008, 5:17 am
#30
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Joined: Oct 2008
Posts: 7,611
Re: Al Raha Beach to be put on hold
Ill join you cause it was posted on abudhabifishwifes.com that all newbuild rigs in abu dhabi are cancelled for ever and ever and ever and ever. Or so they think that's what hubbie said or overheard in the boozer
