Dubai - what is happening
Sep 8th 2015, 6:09 am
#61
**** it we'll do it live
Joined: Oct 2004
Location: Dubai
Posts: 7,892
Re: Dubai - what is happening
Not much difference noted. The place is copying the US and UK in most things. Dubai has some great eatouts though.Love Chinese food, try P.F Changs. Great Place to shop as well with Mall of the Emirates, City centre Deira . Loved the Ski Dubai, the indoor Skiing fascility , it was quite an experience.
Sep 8th 2015, 6:16 am
#63
Token Scandinavian Bloke
Joined: Jun 2009
Location: Dubai
Posts: 2,820
Re: Dubai - what is happening
simple really. the chinese offered in dubai is either greasy and disgusting or seriously overpriced and tasteless. my local takeaway in the UK had better chinese than any of the restaurants i have been to here..
Sep 8th 2015, 6:16 am
#64
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Dubai - what is happening
So apparently the prices are slipping steadily (according to the media) and there is a lot more to come. According to the papers it is a couple of percent here and there, but nothing major and the way it is reported is of the expected journalistic standard. On the grapevine you hear plenty about massive drops as well, but I have not seen any proof and everything is a friend of a friend of a friend style.
The actual reasons for the slippage seems to be disputed amongst the so-called professionals, but this could just be a smoke screen. They can't seem to make up their mind whether it is the extra capacity in the form of new stock coming onto the market, a secondary/tertiary effect of the drop in oil price, the dollar, the euro, the rouble, the tiny increase in property fees
, or maybe even the fact that the whole market was hyped up beyond belief and none of the good news stories we have seen since early 2014 were entirely true.... (of course nobody has reported on this last one - don't be stupid).
Anyone come across good deals on rental lately or is this drop in prices a red herring so far?
The actual reasons for the slippage seems to be disputed amongst the so-called professionals, but this could just be a smoke screen. They can't seem to make up their mind whether it is the extra capacity in the form of new stock coming onto the market, a secondary/tertiary effect of the drop in oil price, the dollar, the euro, the rouble, the tiny increase in property fees
, or maybe even the fact that the whole market was hyped up beyond belief and none of the good news stories we have seen since early 2014 were entirely true.... (of course nobody has reported on this last one - don't be stupid).Anyone come across good deals on rental lately or is this drop in prices a red herring so far?
I do know of a few redundancies but not vast numbers, although anyone linked to O&G is, understandably, very nervous.
Sep 8th 2015, 6:16 am
#65
Account Closed
Joined: Mar 2012
Location: Dubai, working at Dust World Central
Posts: 3,706
Sep 8th 2015, 6:18 am
#66
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Location: Dubai, working at Dust World Central
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Sep 8th 2015, 6:23 am
#68
Token Scandinavian Bloke
Joined: Jun 2009
Location: Dubai
Posts: 2,820
Re: Dubai - what is happening
As for redundancies I actually know at least 5 people who have been unceremoniously chopped in the last 6 months and many more who are convinced it is just a matter of time before they are off.
Another indicator is that companies with multiple offices seem to be downsizing again. In my building in Media City a huge oil company are moving out (they have a whole building next door) and also a massive two letter conglomerate are apparently vacating (they also have their own building close by).
I don't need a crash to be honest. It just makes things complicated..
Sep 8th 2015, 6:29 am
#70
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Location: Dubai, working at Dust World Central
Posts: 3,706
Re: Dubai - what is happening
But this is all to do with Emiratisation, all have been replaced by locals. On the shop floor locals do not have the skills or experience yet, so still Westerners doing the grunt work.
Sep 8th 2015, 6:31 am
#71
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Location: Dubai, working at Dust World Central
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Sep 8th 2015, 6:50 am
#72
Token Scandinavian Bloke
Joined: Jun 2009
Location: Dubai
Posts: 2,820
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
Sep 8th 2015, 7:16 am
#73
Lost in BE Cyberspace
Thread Starter
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Dubai - what is happening
PF Changs is dreadful.
I've eaten there twice. The second time I came out of the place literally shivering and feeling odd due to the MSG.
I've eaten there twice. The second time I came out of the place literally shivering and feeling odd due to the MSG.
Sep 8th 2015, 9:06 am
#75
Account Closed
Joined: Feb 2011
Posts: 0
Re: Dubai - what is happening
Never eaten there. The only Chinese I've ever had (and had several times without any issues) is Chin Chins. It's OK, but like everything - someone has had it and hated it or says it's shit...