The thread about ridiculous Dubai ideas
Mar 2nd 2015, 5:29 am
#16
Soupy twist
Joined: Dec 2004
Posts: 2,271
Re: The thread about ridiculous Dubai ideas
Let's face it, if it was possible to commute by rail to - say - Fujairah or Al Ain in 45 minutes to an hour, there'd quite probably be an exodus from Dubai. Which is why the Dubai government is never going to pay for it (the Fujairah government obviously can't afford to).
Mar 2nd 2015, 8:22 am
#17
**** it we'll do it live
Joined: Oct 2004
Location: Dubai
Posts: 7,892
Re: The thread about ridiculous Dubai ideas
http://www.panarabiaenquirer.com/wordpress/environmentalist-stares-photo-young-self-approves-dubai-rainforest/
Nuff said
Nuff said
Mar 2nd 2015, 2:44 pm
#18
Excess Baggage
Joined: Jul 2006
Location: UK
Posts: 5,479
Re: The thread about ridiculous Dubai ideas
Brilliant. When I was there eight years ago I would drive along the Al Khail and Emirates roads agog at all the amazing developments that were being heralded. Falcon City of Wonders, Dubai Land/World...whole new cities. I'm guessing not even half of these have actually been built. And they're off again. You can't fault their imagination!
Mar 2nd 2015, 3:45 pm
#19
BE Forum Addict
Joined: Sep 2009
Location: Abu Dhabi
Posts: 1,805
Re: The thread about ridiculous Dubai ideas
http://www.theonion.com/articles/dubai-unveils-plans-for-worlds-largest-human-right,37979/
Mar 2nd 2015, 6:52 pm
#20
BE Enthusiast
Joined: Feb 2011
Location: Abu Dhabi
Posts: 300
Re: The thread about ridiculous Dubai ideas
Own the press and you can build up the big news and hide the bad.
Mar 3rd 2015, 6:57 am
#21
BE Enthusiast
Joined: Jan 2008
Posts: 570
Re: The thread about ridiculous Dubai ideas
i'm still waiting for the Mirdif crocodile park
Mar 3rd 2015, 8:03 am
#22
Bored liberal
Thread Starter
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: The thread about ridiculous Dubai ideas
Brilliant. When I was there eight years ago I would drive along the Al Khail and Emirates roads agog at all the amazing developments that were being heralded. Falcon City of Wonders, Dubai Land/World...whole new cities. I'm guessing not even half of these have actually been built. And they're off again. You can't fault their imagination!
Mar 3rd 2015, 9:11 am
#23
"Insert witty title here"
Joined: Nov 2012
Location: dxb
Posts: 2,251
Re: The thread about ridiculous Dubai ideas
I just want to know if the pop is close or is it still far away, so I can sell my property here before its close!
Mar 3rd 2015, 2:38 pm
#24
Token Scandinavian Bloke
Joined: Jun 2009
Location: Dubai
Posts: 2,820
Re: The thread about ridiculous Dubai ideas
If I were you I would either sell or prepare to ride it out until the next cycle. The fortunate thing is that the cycle seems to be ridiculously frequent compared to more mature markets. Then again what do I know...
Mar 3rd 2015, 2:51 pm
#25
Forum Regular
Joined: Sep 2014
Posts: 88
Re: The thread about ridiculous Dubai ideas
I hope not!
Stable growth is preferable and these fantastical projects aren't helping by distorting the reality and the market. There does seem to be a pattern of lavish announcements but which haven't made it to the tender stage. Mall of Arabia? The mega mall/entertainment complex opposite MoE on Sheikh Zayed?
If I may change the topic slightly, what are the projects the UAE badly needs? The first that comes to mind is a high speed commuter rail between AD and Dubai. Why waste money on a pointless canal when you could instead build an efficient and highly beneficial commuter rail system?
Stable growth is preferable and these fantastical projects aren't helping by distorting the reality and the market. There does seem to be a pattern of lavish announcements but which haven't made it to the tender stage. Mall of Arabia? The mega mall/entertainment complex opposite MoE on Sheikh Zayed?
If I may change the topic slightly, what are the projects the UAE badly needs? The first that comes to mind is a high speed commuter rail between AD and Dubai. Why waste money on a pointless canal when you could instead build an efficient and highly beneficial commuter rail system?
The tallest tower, the largest mall, Burj Al Arab, Palm Jumeirah... those are the things that make Dubai famous, and ultimately the things that make someone from Norway or Portugal interested to visit it.
Without them Dubai would be another dull Middle Eastern city... dunno, Kuwait?
Mar 3rd 2015, 2:56 pm
#26
"Insert witty title here"
Joined: Nov 2012
Location: dxb
Posts: 2,251
Re: The thread about ridiculous Dubai ideas
Even if the pop is still some time away the market is already in the process of correcting itself after the ridiculous and baseless price increases we endured in 2013 and first half of 2014.
If I were you I would either sell or prepare to ride it out until the next cycle. The fortunate thing is that the cycle seems to be ridiculously frequent compared to more mature markets. Then again what do I know...
If I were you I would either sell or prepare to ride it out until the next cycle. The fortunate thing is that the cycle seems to be ridiculously frequent compared to more mature markets. Then again what do I know...
Mar 3rd 2015, 6:35 pm
#27
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: The thread about ridiculous Dubai ideas
Well, selling it is sound advice I reckon. Coz I am not sure I will have the patience to ride it out. The problem in selling it is the loss of returns. I get back a ridiculous 12% per year of the actual cost and so far have gotten back 20% of my investment as it is in the past almost 2 years. Where else in the world does one get 12% back (tax free ofcourse, and overheads have been accounted for in this percentage)?
