Comments on: Dubai is Dead http://www.248am.com/mark/interesting/dubai-is-dead/ Mark and Nat, a married couple who are living in Kuwait. Both are designers, Mark works in advertising while Nat runs her own design studio called Push+Pull. Sun, 12 Feb 2012 20:26:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: rakesh http://www.248am.com/mark/interesting/dubai-is-dead/#comment-504195 rakesh Wed, 15 Sep 2010 07:30:20 +0000 http://www.248am.com/?p=6440#comment-504195 dubai will not recover until 2015.the development in dubai was very fast.dubai mainly depends on trading and tourism.and if dubai wants to recover they will have to bring the tourist back.tourist come for enjoyment.what type of enjoyment you get in a desert? dubai will not recover until 2015.the development in dubai was very fast.dubai mainly depends on trading and tourism.and if dubai wants to recover they will have to bring the tourist back.tourist come for enjoyment.what type of enjoyment you get in a desert?

]]> By: tariq syed http://www.248am.com/mark/interesting/dubai-is-dead/#comment-489549 tariq syed Tue, 02 Mar 2010 03:45:27 +0000 http://www.248am.com/?p=6440#comment-489549 People who are talented, enterprising, intelligent, and equally understanding will find that no where else on the planet there is a place like Dubai, that lets you what you wanna be. I have lived here for past 14 years, and experienced travelling across three continents, europe, africa and most of the hong kongs in all of asia, but no one really learns one thing: how to make things work with limited resources that dont depend upon petro dollar. Dubai today is a miracle formula that has allowed others to grow and envision development. A perfect leadership. Its not that economy is doomed, its people who have doomed with their short term vision. The potential in Dubai remains where it has always been, the sky is the limit. People who are talented, enterprising, intelligent, and equally understanding will find that no where else on the planet there is a place like Dubai, that lets you what you wanna be. I have lived here for past 14 years, and experienced travelling across three continents, europe, africa and most of the hong kongs in all of asia, but no one really learns one thing: how to make things work with limited resources that dont depend upon petro dollar. Dubai today is a miracle formula that has allowed others to grow and envision development. A perfect leadership. Its not that economy is doomed, its people who have doomed with their short term vision. The potential in Dubai remains where it has always been, the sky is the limit.

]]> By: Lisan http://www.248am.com/mark/interesting/dubai-is-dead/#comment-465573 Lisan Thu, 04 Jun 2009 06:46:30 +0000 http://www.248am.com/?p=6440#comment-465573 im not religious or anything but i think there was something in there about not building your house on sand :/ the wealth in dubai is not real, its flash. real wealth is having a house on a piece of land with tenant farmers who till it for you, living off the grid. because most arab countries dont allow usury because of their religion they ducked a lot of this mess, not all of it, dubai is near death because the old money is moving from petrodollars to aquadollars, water will be the new oil, dubai is just overly planned and artificial everyone left because they had no roots, dubai needs people with roots, families and not just a bunch of clubhopping accountants who pay for female attention also the getting locked up in debtor's prison spells "get outta dodge" unlike anything else, Kuwait is like someone's ancestral home, dubai is like their long island apartment im not religious or anything but i think there was something in there about not building your house on sand :/

the wealth in dubai is not real, its flash. real wealth is having a house on a piece of land with tenant farmers who till it for you, living off the grid. because most arab countries dont allow usury because of their religion they ducked a lot of this mess, not all of it, dubai is near death because the old money is moving from petrodollars to aquadollars, water will be the new oil,

dubai is just overly planned and artificial everyone left because they had no roots, dubai needs people with roots, families and not just a bunch of clubhopping accountants who pay for female attention also the getting locked up in debtor’s prison spells “get outta dodge” unlike anything else, Kuwait is like someone’s ancestral home, dubai is like their long island apartment

]]> By: aishah http://www.248am.com/mark/interesting/dubai-is-dead/#comment-458760 aishah Wed, 04 Mar 2009 19:44:16 +0000 http://www.248am.com/?p=6440#comment-458760 I own land in the palm Jebel Ali before the global economic crisis i was frequently called(like everyday) to sell them for around 6.5MDHS when i bought the house for 2.4M today the houses are back to the selling price of 2.4 and yes there are buyers!! alot actually are asking for this price. but i also have an apartment in London and guess what the prices have gone down alot didnt ask but what i heard it was like 30 to 50 percnt depending on location; even the price of my house in dubai has gone down!!! No its not dubai thats in trouble the whole world is!! but you know what the difference between Dubai and Kuwait that makes me feel safe investing in it rather than my hometown?? Sheik Mohammed bin Rashid A.K.A the Government of Dubai knows that he is having problems and is working on solving them on the other hand Kuwait mayadroon wain allah ga6hom :P I own land in the palm Jebel Ali before the global economic crisis i was frequently called(like everyday) to sell them for around 6.5MDHS when i bought the house for 2.4M today the houses are back to the selling price of 2.4 and yes there are buyers!! alot actually are asking for this price. but i also have an apartment in London and guess what the prices have gone down alot didnt ask but what i heard it was like 30 to 50 percnt depending on location; even the price of my house in dubai has gone down!!! No its not dubai thats in trouble the whole world is!!
but you know what the difference between Dubai and Kuwait that makes me feel safe investing in it rather than my hometown?? Sheik Mohammed bin Rashid A.K.A the Government of Dubai knows that he is having problems and is working on solving them on the other hand Kuwait mayadroon wain allah ga6hom :P

]]> By: fadibou http://www.248am.com/mark/interesting/dubai-is-dead/#comment-458078 fadibou Mon, 23 Feb 2009 19:43:47 +0000 http://www.248am.com/?p=6440#comment-458078 Prices have gone down, but all indications are they will still go down lower. 3 Bed villa in springs: launch price 650 K Dhs 2006 price is 2.3 M Dhs 2008 Oct Price is 3.5 M Dhs current price is 2.1 M Dhs Current cost of Construction is 1.1 M Dhs Almost everyone is taking my approach of waiting to see prices go down more, which is further sinking the market. The cost of construction has gone down by 65% which puts any new project at a very competitive edge. Prices have gone down, but all indications are they will still go down lower.

3 Bed villa in springs:

launch price 650 K Dhs
2006 price is 2.3 M Dhs
2008 Oct Price is 3.5 M Dhs
current price is 2.1 M Dhs
Current cost of Construction is 1.1 M Dhs

Almost everyone is taking my approach of waiting to see prices go down more, which is further sinking the market.

The cost of construction has gone down by 65% which puts any new project at a very competitive edge.

]]> By: moocherx http://www.248am.com/mark/interesting/dubai-is-dead/#comment-458029 moocherx Mon, 23 Feb 2009 05:38:10 +0000 http://www.248am.com/?p=6440#comment-458029 She says "there are plenty of bargains right now". No, there aren't. The 800,000 euros would buy a good 200m2 apartment in Paris. And that's Paris, not.. well, Dubai. Prices have gone down 10%? Even at 50% I'd only barely consider the place worth buying. She says “there are plenty of bargains right now”. No, there aren’t. The 800,000 euros would buy a good 200m2 apartment in Paris. And that’s Paris, not.. well, Dubai. Prices have gone down 10%? Even at 50% I’d only barely consider the place worth buying.

]]> By: fahad http://www.248am.com/mark/interesting/dubai-is-dead/#comment-457999 fahad Sun, 22 Feb 2009 12:32:31 +0000 http://www.248am.com/?p=6440#comment-457999 some thing unbelievable..sure prices will never stay the same..who is the crazy to spend all this money on a tiny small apartment !! what is happening is normal ..what was happening was up normal .I think prices should come back again to normal.Prices so far are still high..but with the comparison of the prices before the crises !!..it is right went down..the prices should go down 20-40% of the recent prices .at least to form the right and logical prices in the area. !!! it is global crises it might be good for normal people !!!! the people who work and wait for their salaries to the end of the month .. to live and survive with their families. some thing unbelievable..sure prices will never stay the same..who is the crazy to spend all this money on a tiny small apartment !! what is happening is normal ..what was happening was up normal .I think prices should come back again to normal.Prices so far are still high..but with the comparison of the prices before the crises !!..it is right went down..the prices should go down 20-40% of the recent prices .at least to form the right and logical prices in the area. !!! it is global crises it might be good for normal people !!!! the people who work and wait for their salaries to the end of the month .. to live and survive with their families.

]]> By: nyx http://www.248am.com/mark/interesting/dubai-is-dead/#comment-457968 nyx Sat, 21 Feb 2009 12:15:19 +0000 http://www.248am.com/?p=6440#comment-457968 Dubai doesnt have a kafeel policy. Agreed! But owning property doesnt actually qualifies you get life long residency. Plus owning property in the UAE or for that matter even Kuwait is on a 99 year lease with the state, not freehold unlike other nations who offer this sop. And if you dig deeper you are going to find that majority of home owners e.g. Europeans and other nationals who own property in Dubai are the neuve riche. Recently aflush with tch tching and have certainly no class. When it comes to Business', one certainly requires an Emirati to sponsor it whatever the partnership agreement maybe. Dubai doesnt have a kafeel policy. Agreed! But owning property doesnt actually qualifies you get life long residency.
Plus owning property in the UAE or for that matter even Kuwait is on a 99 year lease with the state, not freehold unlike other nations who offer this sop.
And if you dig deeper you are going to find that majority of home owners e.g. Europeans and other nationals who own property in Dubai are the neuve riche. Recently aflush with tch tching and have certainly no class.

When it comes to Business’, one certainly requires an Emirati to sponsor it whatever the partnership agreement maybe.

]]> By: TweeZ http://www.248am.com/mark/interesting/dubai-is-dead/#comment-457962 TweeZ Sat, 21 Feb 2009 08:57:00 +0000 http://www.248am.com/?p=6440#comment-457962 @ TI3GIB lol, come on man! The real estate market boomed in Dubai boomed because expats could own land and run their own businesses. How?Basicaly, Dubai does not have the kafeel policy. @ TI3GIB

lol, come on man! The real estate market boomed in Dubai boomed because expats could own land and run their own businesses. How?Basicaly, Dubai does not have the kafeel policy.

]]> By: TI3GIB http://www.248am.com/mark/interesting/dubai-is-dead/#comment-457960 TI3GIB Sat, 21 Feb 2009 05:29:11 +0000 http://www.248am.com/?p=6440#comment-457960 I don't think Dubai has anything to worry over. The real estate market boomed out of money laundering and prostitution rings. These people love and want their money, so money being pumped into Dubai is not likely to stop. The western media should stop their scaremongering. The recession in Europe and the states isn't universal yet. I don’t think Dubai has anything to worry over. The real estate market boomed out of money laundering and prostitution rings. These people love and want their money, so money being pumped into Dubai is not likely to stop.

The western media should stop their scaremongering. The recession in Europe and the states isn’t universal yet.

]]> By: nyx http://www.248am.com/mark/interesting/dubai-is-dead/#comment-457929 nyx Fri, 20 Feb 2009 13:00:35 +0000 http://www.248am.com/?p=6440#comment-457929 dsrtksy: Cnat Hlep ti! dsrtksy: Cnat Hlep ti!

]]> By: fadibou http://www.248am.com/mark/interesting/dubai-is-dead/#comment-457887 fadibou Thu, 19 Feb 2009 17:26:58 +0000 http://www.248am.com/?p=6440#comment-457887 I asked an Omani friend on what he thinks are the effects of the crisis on his country, he replied "We never went up to go down !!!" I asked an Omani friend on what he thinks are the effects of the crisis on his country, he replied “We never went up to go down !!!”

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