DD21

Programme went out tonight on ITV tonight (ITV I player you can watch it on that) on the splendor of Dubai. Worth a watch apparently everything is just fine......Really???? Left in July and news does not seem to be as rosy as he makes it.

DD21

http://www.itv.com/Lifestyle/PiersMorganOn/default.html

stickystickman

Yeah I watched it tonight. Made it look like a wonderful place, if not a little on the expensive side and not the rather scary place where you can be thrown in jail for farting as I'd imagined.

Why did you leave in July? Was the tv programme sponsered by the Dubai tourish board?

DD21

hehe saw it coming...sold up and shipped out. It is just not sustainable -period - what they are doing out there regardless of oil wealth. I was lucky when I bought and when I sold granted but I also think I had reasonable amount of judgement on it. - when an expat on a good salary cannot afford to buy a place and live within means then that means the market has over extended UK is not good but it will recover early 2010....IMO Dubai won't...talk about a credit bubble!

DD21

Before I get loads of crappy replies about how I sold then looked at what an expat could afford....

1. Sold
2. Looked at buying again 12 months after buying my place in jbr
3. Made 50% in twelve months
4. Point 3 is just silly. That level of rise in property price is not sustainable.

The Dean

UK is not good but it will recover early 2010

Are you sure?? You have to be joking............

The first in the world to recover - eventually - will be the US, with its greater levels of labour mobility and more sympathetic corporate tax structures. The US consumer will - eventually - start to pull in imports from other countries (the strong dollar makes them more affordable), so Asia in particular will start to show a few signs of life, reversing the collapse in export volumes that countries such as Taiwan have experienced in the last few months.

The UK of course will not benefit - we don't make anything any more, so we have nothing left to export.

UK recovery? It will be delayed in any case by the burden imposed by London hosting the Olympics, but I'm sure that, by about 2014, there will be some 'green shoots of recovery'..............

still.unsure

agree with your view of the UK (no production, not as significant consumer-base, etc.) but what about the possibility that the olympics will actually be the UK's equivalent of large self-investment stimulus? or is it just too small?

The Dean

Olympics Factor?

Interesting view but I see it as all expenditure with little revenue.

Or am I missing your point?

still.unsure

was thinking if it might be a london equivalent of the eisenhower revival post-WW2 (that and perhaps a third runway @ LHR... )

Blue Cat

just downloaded this, will watch it tonight

Fins

Hi Blue Cat, where did you find it to download? Can't find it on ITV iplayer.

Blue Cat

www.tvbox.bz - I think?

MrsHaps

It was better than i thought it was going to be however, he did seem to make a joke of people being deported because he didnt find anyone in the UAE who knew someone it had happened too... he also seemed to make light of the reasons you would go to jail. Mind saying that he mingled with the rich and the only person he seen at Barasti seemed to be a 40 Something lady with her belly out who was rather drunk.....

It was a show that would make people want to visit.... he failed to tell people the costs of visiting other than it was expensive... there was no look at any of the culture it was all about the new design....

he goes on to talk about the fact it has only taken 20 years to build bla bla bla... he fails to tell people about the numerous snagging issues with every building....

All in all total brown noser... he will be invited back to mingle with the rich!

Hello.Kitty

yeah, I saw it too and it was slightly less cringeful than I expected. Still, it was the typical view from the point of view from the rich and famous and very little scratching under the surface. I'd love to see Donal McKintyre (sp) do a documentary on it!

Exploitation of labourers was mentioned - in a sentence ending with "it's got better for them" and followed immediately with something along the lines of "expats have sent home X billion dollars" - implying that it was these very same labourers doing so.

He did manage to find a wealthy arab who said that the Credit Crunch was already affecting Dubai - but handily failed to say how or to what extent... which, in a way is normal, considering that the production was probably filmed back in December.

Anyhow... yeah. He's certainly not going to get a fine!

bimcnorth

Piers Morgan is an old pal of Anil Bhoyrul..They where both involved in the Mirror sharescam allegedly as both was forced out.

Piers argued his case and eventually ended up with Daily Mail while Anil is with Arabbusinessnews and spend most of his time sucking up to Dr Al-Fahim CEO of Hydra properties (owned by royalgroup, a Bani Fatima holding company) while desperately trying to impress his old mates in London.

Any production involving these lads might surely be entertaining but I´m not sure if I would take it seriously...