UAE Is In Panic Mode Now...

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Feb 01, 2009
Chocoholic wrote:Less traffic! Try coming back to Dubai from Ajman on a Saturday afternoon! What should have taken me 30 mins, took over 2 hours!


thats exactly what i m saying. on this forum everyone is saying oh so many ppl have left but the traffic tells a different story.

rudeboy
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Feb 01, 2009
rudeboy wrote:
Chocoholic wrote:Less traffic! Try coming back to Dubai from Ajman on a Saturday afternoon! What should have taken me 30 mins, took over 2 hours!

thats exactly what i m saying. on this forum everyone is saying oh so many ppl have left but the traffic tells a different story.

Even though thousands of people already left this country it won't give that much effect on the traffic situation..
1.Some people leave nearby their offices with just a short walking distance..
2.Not all people in this country have cars or license...How many percent of expats in this country have cars? 10%-20% ...maybe?
ArchitectRoel
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Feb 01, 2009
More like 50% if you consider white collar professionals, I guess.
zzzane
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Feb 01, 2009
zzzane wrote:More like 50% if you consider white collar professionals, I guess.


honestly i dont see any difference maybe in few months time. traffic is as usual, buses are full of construction workers and construction is still going on for projects which have already started.

it will take 3 4 months before the real crunch starts biting.
rudeboy
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Feb 01, 2009
rudeboy wrote:
zzzane wrote:More like 50% if you consider white collar professionals, I guess.


honestly i dont see any difference maybe in few months time. traffic is as usual, buses are full of construction workers and construction is still going on for projects which have already started.

it will take 3 4 months before the real crunch starts biting.


You would be surprised to know that several projects that were already under construction have been stopped, the most prominent being Trump Tower.
sage & onion
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Feb 01, 2009
sage & onion wrote:
rudeboy wrote:
zzzane wrote:More like 50% if you consider white collar professionals, I guess.


honestly i dont see any difference maybe in few months time. traffic is as usual, buses are full of construction workers and construction is still going on for projects which have already started.

it will take 3 4 months before the real crunch starts biting.


You would be surprised to know that several projects that were already under construction have been stopped, the most prominent being Trump Tower.


yes i know, like i said its too early to be saying anything. the next few months should tell the full story. its just the beginning.
rudeboy
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Feb 01, 2009
rudeboy wrote:
sage & onion wrote:
rudeboy wrote:
zzzane wrote:More like 50% if you consider white collar professionals, I guess.


honestly i dont see any difference maybe in few months time. traffic is as usual, buses are full of construction workers and construction is still going on for projects which have already started.

it will take 3 4 months before the real crunch starts biting.


You would be surprised to know that several projects that were already under construction have been stopped, the most prominent being Trump Tower.


yes i know, like i said its too early to be saying anything. the next few months should tell the full story. its just the beginning.


I do however agree that we have not seen the end of it yet, things will get much worse before they bottom out.
sage & onion
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Feb 03, 2009
how exactly are investors being "calmed down"? market fundamentals show no recovery anywhere near sight. i agree with the logical approach. why would anyone stay when there is no reason? why would anyone see their investments drain? dubai has already seen its future. just look at USA...
DubaiInformationSite
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Feb 05, 2009
I cannot see anything that will calm an investor down. I always here my friend fighting with the developer where he invested his money.

You know... every time I talk to different people they talk about people leaving dubai. from a ratio... 4:5 people... people are getting more aware.

It's just sad it's ending up this way.

Where do you think is the best alternative to transfer other than Dubai?
andrewg
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Feb 05, 2009
HK, Macau and South Korea perhaps, at least according to thisarticle.
zzzane
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Feb 07, 2009
I am iI am in India. Here there is no recession or slow down. Professionals here are getting more salary than in Dubai.
For Eg i will tell u the prices in India for some common items in DHs

Phone calls from India to UAE 73 Fils/Mit
Phone calls to Other Countries 46 Fils/Mit
Local Calls 0.03 Fils .Mit
Internet (unlimited 256 kbbs) 32 Dhs/Month
Rent for a 2/3 bedroom posh flat/villa 690 Dhs/mnth
Parking fee Nill
School Fees (For international Schools) 100 Dhs/Mnth
The list goes on.....

Thats India........
sujithnet
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Feb 07, 2009
3 posts in 3 years? Wow you really are a lurker. Anyhow, let's set the facts straight, shall we?
sujithnet wrote:I am iI am in India. Here there is no recession or slow down. Professionals here are getting more salary than in Dubai.
For Eg i will tell u the prices in India for some common items in DHs

Phone calls from India to UAE 73 Fils/Mit
Phone calls to Other Countries 46 Fils/Mit
Local Calls 0.03 Fils .Mit
Internet (unlimited 256 kbbs) 32 Dhs/Month
Rent for a 2/3 bedroom posh flat/villa 690 Dhs/mnth
Parking fee Nill
School Fees (For international Schools) 100 Dhs/Mnth
The list goes on.....
Thats India........

I want to call a friend in Cuba. That'll be 3 AED per minute.
Who uses 256kbps these days. I want the same browsing speed as I get out here - 4Mbps at the very least. Last time I went to Mumbai, there wasn't a single provider in the entire country that offered consumers anything more than a unlimited 2Mbps line. Alright, some ISP does offer an 8Mbps line capped at 4GB/month :shock: :shock: and even that's a big fat 100 Dhs/month.
What kind of apartment are talking about for the "princely" sum of 690 bucks every month? I happen to know that Banadra (sp?) in Bombay has the same standard of living as most areas in Dubai. Here's a recent ad for a medium sized 2BR apartment for 8 grand AED per month. Let's not talk about prices for a "villa".
The parking fee is nil for people who'd like others to shat or put some nasty fingerprints on their car. I do know that a lot of malls do not offer free parking to shoppers.
If I were a working American in Mumbai, I'd want to put my kid at an American school. The tuition fee as listed here is not 100 but rather $15k-$32k, which translates to a minimum of 4500 dirhams per month.

Yeah, "that's India". Doesn't sound all rosy now, does it? You might want to do some research before shooting some random stats straight outta yer arse.
zzzane
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Feb 11, 2009
Investors are still going to Dubai to buy properties.
A RE agency I know here in Italy take about 200 people each month to Dubai and much buy a property in Dubai Marina or in the Jabel Ali Palm.
They know everything is delaied but are still interested in buying.
SpeedMax
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Feb 11, 2009
SpeedMax wrote:Investors are still going to Dubai to buy properties.
A RE agency I know here in Italy take about 200 people each month to Dubai and much buy a property in Dubai Marina or in the Jabel Ali Palm.
They know everything is delaied but are still interested in buying.


There's a sucker born every minute, it seems.
gtmash
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Feb 11, 2009
gtmash wrote:
SpeedMax wrote:Investors are still going to Dubai to buy properties.
A RE agency I know here in Italy take about 200 people each month to Dubai and much buy a property in Dubai Marina or in the Jabel Ali Palm.
They know everything is delaied but are still interested in buying.


There's a sucker born every minute, it seems.


Shhh!! Don't say this please,I'm trying to sell them one of mine properties!! :(
SpeedMax
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Feb 11, 2009
SpeedMax wrote:Investors are still going to Dubai to buy properties.
A RE agency I know here in Italy take about 200 people each month to Dubai and much buy a property in Dubai Marina or in the Jabel Ali Palm.
They know everything is delaied but are still interested in buying.


When the next group comes let me know. I am the agent who is selling the Maktoum Bridge.
Bora Bora
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Feb 12, 2009
Bora Bora wrote:
SpeedMax wrote:Investors are still going to Dubai to buy properties.
A RE agency I know here in Italy take about 200 people each month to Dubai and much buy a property in Dubai Marina or in the Jabel Ali Palm.
They know everything is delaied but are still interested in buying.


When the next group comes let me know. I am the agent who is selling the Maktoum Bridge.


Sorry,I'm planning to propose the Colosseum to the next group instead!
So they will save the long trip! :D
SpeedMax
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Feb 12, 2009
I tried to choose a cutie avatar birds world related?
SpeedMax
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Feb 12, 2009
Better this,to avoid be banned forever!! :)
SpeedMax
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