Dubai - what is happening
#76
Re: Dubai - what is happening
True. If you are right this means they are blatantly manipulating the market though.
More fairy tales in the media this morning. Apparently people are afraid of ISIL, Yemen and Iran according to Better Homes CEO. What is he smoking?
"Rental price trends do not always follow sales price trends," says Better Homes CEO - ArabianBusiness.com
More fairy tales in the media this morning. Apparently people are afraid of ISIL, Yemen and Iran according to Better Homes CEO. What is he smoking?
"Rental price trends do not always follow sales price trends," says Better Homes CEO - ArabianBusiness.com
"Investors and owner-occupiers are worried about the regional situation and one of two things need to happen for transaction volumes to grow significantly: either people need to see that the path ahead in terms of oil prices, Yemen, ISIL and Iran are firmly under control, stabilised and predictable; or, rental yields need to grow to 'price in' the regional risk. Of course some investors are still buying and taking advantage of the lower prices. It’s likely that they will be the real beneficiaries of this slow down but that route isn't for everyone because most people value security above profit."
I was going to pull apart much of his arguments but I really can't be arsed. In my experience a significant proportion of buyers here are driven purely by greed and eagerly swallow the hype regarding property.
One of the main reasons a fall in property values won't be such an issue this/next time is due to the Central Bank lending limits although foolishly some people are taking out massive personal loans for deposits.
#77
BE Forum Addict
Joined: Jan 2015
Posts: 3,520
Re: Dubai - what is happening
There's no good inexpensive Chinese in Dubai. Why? Because of pork.
There's two decent Chinese restaurants in JLT, Homey and Star Lake. Definitely Chinese and not American Chinese or British Chinese or Indian Chinese. Lots of Chinese diners. But I have mixed feelings about the quality of the ingredients, especially the meat, used.
Real Chinese food based on what I've seen can be extremely....different. I've had some fantastic Chinese and HK is brilliant but I'd still take P F Changs over a lot of authentic Chinese any day.
There's two decent Chinese restaurants in JLT, Homey and Star Lake. Definitely Chinese and not American Chinese or British Chinese or Indian Chinese. Lots of Chinese diners. But I have mixed feelings about the quality of the ingredients, especially the meat, used.
Real Chinese food based on what I've seen can be extremely....different. I've had some fantastic Chinese and HK is brilliant but I'd still take P F Changs over a lot of authentic Chinese any day.
#78
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Re: Dubai - what is happening
There's no good inexpensive Chinese in Dubai. Why? Because of pork.
There's two decent Chinese restaurants in JLT, Homey and Star Lake. Definitely Chinese and not American Chinese or British Chinese or Indian Chinese. Lots of Chinese diners. But I have mixed feelings about the quality of the ingredients, especially the meat, used.
Real Chinese food based on what I've seen can be extremely....different. I've had some fantastic Chinese and HK is brilliant but I'd still take P F Changs over a lot of authentic Chinese any day.
There's two decent Chinese restaurants in JLT, Homey and Star Lake. Definitely Chinese and not American Chinese or British Chinese or Indian Chinese. Lots of Chinese diners. But I have mixed feelings about the quality of the ingredients, especially the meat, used.
Real Chinese food based on what I've seen can be extremely....different. I've had some fantastic Chinese and HK is brilliant but I'd still take P F Changs over a lot of authentic Chinese any day.
#79
Re: Dubai - what is happening
His words:
"Investors and owner-occupiers are worried about the regional situation and one of two things need to happen for transaction volumes to grow significantly: either people need to see that the path ahead in terms of oil prices, Yemen, ISIL and Iran are firmly under control, stabilised and predictable; or, rental yields need to grow to 'price in' the regional risk. Of course some investors are still buying and taking advantage of the lower prices. It’s likely that they will be the real beneficiaries of this slow down but that route isn't for everyone because most people value security above profit."
I was going to pull apart much of his arguments but I really can't be arsed. In my experience a significant proportion of buyers here are driven purely by greed and eagerly swallow the hype regarding property.
One of the main reasons a fall in property values won't be such an issue this/next time is due to the Central Bank lending limits although foolishly some people are taking out massive personal loans for deposits.
"Investors and owner-occupiers are worried about the regional situation and one of two things need to happen for transaction volumes to grow significantly: either people need to see that the path ahead in terms of oil prices, Yemen, ISIL and Iran are firmly under control, stabilised and predictable; or, rental yields need to grow to 'price in' the regional risk. Of course some investors are still buying and taking advantage of the lower prices. It’s likely that they will be the real beneficiaries of this slow down but that route isn't for everyone because most people value security above profit."
I was going to pull apart much of his arguments but I really can't be arsed. In my experience a significant proportion of buyers here are driven purely by greed and eagerly swallow the hype regarding property.
One of the main reasons a fall in property values won't be such an issue this/next time is due to the Central Bank lending limits although foolishly some people are taking out massive personal loans for deposits.
Of course... the other way of agreeing about rental yields growing in is that the capital values should plummet 25%, and the rents drop 20%.
#81
Re: Dubai - what is happening
Chin Chins was our go to chinese takeaway until 2 years ago when we had a severely bad experience. We then changed to China Garden, but that also went downhill. The last few times we have ordered from Pei Wei which is owned by PF Changs, but seems less overpriced and awful.
#82
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
#84
BE Forum Addict
Joined: Jan 2015
Posts: 3,520
Re: Dubai - what is happening
Been there.
Half the menu is disgusting. Innards and chicken feet and tripe. I'll take PF Changs any day.
Weird smell inside the place. Never looks clean.
Zomato users gives it pretty poor reviews, averaging 2.8/5.
Half the menu is disgusting. Innards and chicken feet and tripe. I'll take PF Changs any day.
Weird smell inside the place. Never looks clean.
Zomato users gives it pretty poor reviews, averaging 2.8/5.
#86
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Re: Dubai - what is happening
It's not that Chinese eat bits of animals that you didn't know you could eat, it's that they eat bits of animals you didn't know animals had.
Actually that's a description of Korean cuisine, but it holds good for Chinese too.
Plus, Chinese only eat animals whose backs face the sun.
Actually that's a description of Korean cuisine, but it holds good for Chinese too.
Plus, Chinese only eat animals whose backs face the sun.
#88
Re: Dubai - what is happening
Far too sensible and far too much like an actual reflection of reality to happen here unfortunately
#90
BE Forum Addict
Joined: Jan 2015
Posts: 3,520
Re: Dubai - what is happening
Back on topic.
Went to that wankfest known as Cityscape today for a few hours.
Some impressive projects. The canal tops it all. Dubai Hills estate, a larger version of the Ranches by Emaar, is probably second most impressive.
One thing I noticed compared to the last time I went which was back in 08 is that there were far fewer consultancy firms represented. Almost all developers. And lots of Turkish ones.
Went to that wankfest known as Cityscape today for a few hours.
Some impressive projects. The canal tops it all. Dubai Hills estate, a larger version of the Ranches by Emaar, is probably second most impressive.
One thing I noticed compared to the last time I went which was back in 08 is that there were far fewer consultancy firms represented. Almost all developers. And lots of Turkish ones.