Dubai Property Crash
#1
Dubai Property Crash
http://www.dubaipropertycrash.com/wp...und-predicted/
read this it's very good, I love this comment at the side of the page
LOOKING FOR A JOB IN DUBAI?......... Don't make us laugh!
If you think just searching on google for ‘Dubai jobs’ and then submitting your details to the crummy job agencies who farm for CVs will get you into the five-star tax-free haven of Dubai, forget it....
What makes you special? Nothing. Don’t waste your time. You need an edge. You need inside knowledge. It’s your only chance of successfully landing a job in Dubai during this global slowdown.
Do you want our inside knowledge? If not, so what - we don’t care. We’ve been there and done it. You probably never will.
For your own sake find out what we know, risk free for 60 days, and get the edge. The details are here.
read this it's very good, I love this comment at the side of the page
LOOKING FOR A JOB IN DUBAI?......... Don't make us laugh!
If you think just searching on google for ‘Dubai jobs’ and then submitting your details to the crummy job agencies who farm for CVs will get you into the five-star tax-free haven of Dubai, forget it....
What makes you special? Nothing. Don’t waste your time. You need an edge. You need inside knowledge. It’s your only chance of successfully landing a job in Dubai during this global slowdown.
Do you want our inside knowledge? If not, so what - we don’t care. We’ve been there and done it. You probably never will.
For your own sake find out what we know, risk free for 60 days, and get the edge. The details are here.
#2
Re: Dubai Property Crash
"People are loosing jobs all over the world due to the global financial crisis. This is the best time to get a job in Dubai."
.... riiiiight.
.... riiiiight.
#3
Re: Dubai Property Crash
We had a really interesting chat with our landlord - who's a really nice, normal chap with quite a twisted (even British) sense of humour. Anyhow, amid his usual anecdotes of dodgy dealings and tales of woe, he put forward that "they" are predicting a further 30% crash in rentals in Dubai this year, but a 15% increase in AD. Obviously, no concrete sourses, but he's a local... and not overly hopeful.
#4
Re: Dubai Property Crash
If rents come down that much in Dubai, but go up that much in AD I would expect to see a bit of a levelling out- people will live in Green Community/Dubai Marina/JLT and just commute to work in AD. That will tend to equalise the rents in both places. They are too close together to have such a huge difference.
#5
Re: Dubai Property Crash
If rents come down that much in Dubai, but go up that much in AD I would expect to see a bit of a levelling out- people will live in Green Community/Dubai Marina/JLT and just commute to work in AD. That will tend to equalise the rents in both places. They are too close together to have such a huge difference.
#6
Re: Dubai Property Crash
I sense the end of an era. Woe, woe is me......
#7
Re: Dubai Property Crash
But we have heard that the streets are paved with Gold in Dubai and you can pick up free cars outside the airport?
#9
Re: Dubai Property Crash
Yeah, some of them might even be able to spell the name of the city they live in correctly....
#11
Re: Dubai Property Crash
It just makes me lurve you more Morph
I posted a song on Music thread and Youtube tolerated piece being spelled peice......me no likee .Song's great though
#12
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: Dubai Property Crash
We had a really interesting chat with our landlord - who's a really nice, normal chap with quite a twisted (even British) sense of humour. Anyhow, amid his usual anecdotes of dodgy dealings and tales of woe, he put forward that "they" are predicting a further 30% crash in rentals in Dubai this year, but a 15% increase in AD. Obviously, no concrete sourses, but he's a local... and not overly hopeful.
Forget the comparisons with Dubai - why should Ab Dab rentals rise at all in the current environment?
Last edited by The Dean; Mar 14th 2009 at 7:40 pm. Reason: spacing
#13
Account Closed
Joined: Oct 2008
Posts: 2,502
Re: Dubai Property Crash
I am assuming it's because A-D has a smaller supply of housing, and under current economic conditions, a slightly stronger demand than in Dubai.
I agree rents won't go up, but I don't expect them to decline noticeably, at least within the next six months.
As for people commuting: know a handful myself. It's a long drive, but if you're working in one of the new masterplanned developments just outside A-D and don't have to drive onto the island itself, it's possible to have a Marina-AD commute in under a hour.
I agree rents won't go up, but I don't expect them to decline noticeably, at least within the next six months.
As for people commuting: know a handful myself. It's a long drive, but if you're working in one of the new masterplanned developments just outside A-D and don't have to drive onto the island itself, it's possible to have a Marina-AD commute in under a hour.
#14
Re: Dubai Property Crash
The whole commute v. rents thing was covered in the National this weekend...
http://www.thenational.ae/article/20...127/0/BUSINESS
http://www.thenational.ae/article/20...127/0/BUSINESS
#15
Re: Dubai Property Crash
The whole commute v. rents thing was covered in the National this weekend...
http://www.thenational.ae/article/20...127/0/BUSINESS
http://www.thenational.ae/article/20...127/0/BUSINESS
So basically
2004 : Sharjah : Dubai
2009 : Dubai : Abu Dhabi
So Dapper Dubai becomes Shitty Sharjah in less than 5 years?