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RedKite

Hi,
Just come across this site. i hear that property has dropped a great deal in value in Dubai. How much on average?

RedKite

The thread title says property's dropped 45 per cent. Is that general? Are any big projects that are now on hold or scrapped?

RedKite

I am in the UK. The talk over here is that Dubai property values have dropped 40 per cent. One thing is for sure. The UK is suffering a very bad recession. Woolworths and MFI bust. M and S closing stores. JCB laying off hundreds. Llanwern Steel Works putting men on short time. Stoke on the news , wi...

RedKite

I don't think that some of you in Dubai realise how bad the world economy is about to become. Thousands are being laid off in the UK every day. That is all you hear on the news over here.. Look at the firms GONE down since about December:- Woolworth; MFI; Waterford Crystal ;Wedgewood ; JCB [cutbacks...

RedKite

There are some people on this site not facing up to reality. The UK recession is getting more serious by the day. On top of all the lost jobs I mentioned earlier , more and more private companies are going bust or shedding jobs. Now , even the public sector Local Govt Assoc says that 40 councils wer...

RedKite

This is not just about currencies. we are talking of a GLOBAL recession here, which is only just starting. To have a NUMBER of top UK companies lay off workers or go bust, like they have over the last 2 months is unheard of. These are the welth CREATORS of the UK. Can you name a better, more iconic ...

RedKite

Sorry for the typos.......Barclays BANG must be a Freudian slip!!

RedKite

Robbie G, It is you that needs to get real. I can tell you for a fact that we have NOT been here before !! Governments are having to bail out banks on a massive scale. Gordon Brown has to push billions MORE into Royal Bank Of Scotland and HBOS . Barclays Bank shares fell 25 per cent in one day last ...

RedKite

Robby G Goldpricesviz?? Not heard of that. I'll look it up . I put "dubai gold souk" into Google UK the other day and found this visit-dubai.co.uk near the top. That gold souk is fascinating. I bet a lot are being tempted to invest in gold , with everything else so dodgy. Another possible ...

RedKite

Robby G, If your tourism industry is marketed under visithollandcom , when Holland is actually only TWO provinces of the Netherlands, surely someone marketing using visit-netherlandscom would do very well? He could get all sorts of businesses to advertise on the site. Netherlands is the name of the ...

RedKite

Regarding the usefulness of domains as an investment. I noticed when I entered "dubai gold souks " and found that visit-dubaicouk site, that no gold souk shops were advertising on that site, even though it was at the top. With an expensive product like gold, you would think that the Dubai ...

RedKite

Sorry, I think I entered "dubai gold souk" , not the plural!!
Anyway, they [ gold souk shops ]are losing GLOBAL sales !

RedKite

I have just spoken to a bank manager friend in the UK , who was in Dubai in December. He said that most projects were on stop. Was this permanent , due to difficulties ,or someting to do with Christmas holidays , in some cases? He reckoned that thousands of Bangladeshi workers had been laid off. Wha...

RedKite

Robby G,
You are in the Netherlands. What sort of work do you do ? Do you own properties in Dubai ?

RedKite

This thread sems to have gone quiet. What do you reckon of Dubai gold shops selling on the internet? I realise the traders naturally haggle over a deal, whereas the internet is fixed price. Unless you action something and set a lowest price on it. Is there a good Dubai auction site on the net?

RedKite

Heard this morning that Palm Deira was on stop . True or not?

RedKite

My mate's son, who had a job in Dubai as a building surveyor last year , was sacked before Christmas. They cleared his desk, so he returned to Scotland

RedKite

Re the gold, it was meant to be AUCTION something, NOT Action, although........ACTION , we need.

RedKite

Robbie, Actually, Robbie, I put several different short postings up, thinking that different people..not just yourself.....would want to reply to some of the different queries. They are all linked matters, because they all concern business in Dubai and various aspects of it. They are mostly linked t...

RedKite

Do you know that the ex editor / TV personality , Piers Morgan, has a high profile programme on Dubai .......called Piers Morgan on Dubai...on UK ITV on Thursday this week at 9pm. He has a big 3 page article in The Mail on Sunday magazine on this 25/1/09. He really talks the job up!! He quotes "...

RedKite

How bad is the "crash" in Dubai? How much do you reckon property in Dubai has fallen now? Piers Morgan has a prog on Dubai on ITV this Thursday. His article in the Mail on Sunday , preceding it is very BULLISH about Dubai. I reckon he's got a few more UAE dinars ........and had a few UAE D...

RedKite

What's occurring ? Can you get ITV in Dubai ? Will they broadcast Piers Morgan's programme on your UAE channels, I wonder? He will be very bullish about Dubai this Thursday. I wonder how Safi and Mustapha are faring now? I like entrepreneurs, but how do yo go bust one minute ........and have a £43 m...

RedKite

Arniegang You say Dubai inc is near on bankrupt. Is it that bad ? Sheikh Mo is very wealthy , is he not? Besides, Abu Dhabi has BIG money , so they surely won't let Dubai get into trouble? The problem is getting CUSTOMERS from the west to buy all the expensive property. The west is suffering job los...

RedKite

Just checked . The 27pc from Russia is on "World visitors to Dubai" on http://www.visit-dubai.co.uk That means 1 in 4 of ALL Dubai visitors comes from Russia ! Can that be true? How many roubles are they spending in Dubai? It must be HEAVEN if you come from parts of Russia to Dubai ! I hat...

RedKite

Arniegang, You certainly seem to have forthright views on the Dubai economy. Thanks for sharing them. I'm not clear. Do you live and work in Dubai at the moment? Other expats don't seem to share your very pessimistic view of the Dubai economy. I will also be grateful to read Arnie's response.......a...

RedKite

Typo ....FLY not FLOOD on a plane! Another thing. Dubailand is for kids. MOST should come from Europe. Well , European kids are off in July /August , when Dubai is too hot for them. Families with kids want Christmas at home. So when do they have SCHOOL HOLIDAYS to visit Dubailand in acceptable weath...

RedKite

Will and Dai are in Cardiff airport for their first ever time on a plane;a flight to Spain on holiday. Will is very nervous. As they walk across the tarmac to the plane, they catch up with a man with dark glasses, a white stick and a dog........and wearing a Captain's uniform !! Will starts sweating...

RedKite

Arnie, Bit contradictory to say the Brits are the BIGGEST visitor group to Dubai, whilst they are not now. That suggests visitor number have dropped like a stone. Besides , that World Visitor Numbers item on http://www.visit-dubai.co.uk suggests that Russians make up 27 pc of total, whilst ALL of th...

RedKite

I don't follow the parochial , TRIBAL arguments here. It is obvious that Sheikh Mo wanted to develop Dubai from a sleepy backwater overlooking the Arabian Gulf to a world-class modern city , with the best architecture etc. He also wanted it done in QUINTUPLE QUICK time. His plans are supremely ambit...

RedKite

Re my Joke! I don't think a blind pilot would take off if he only heard a quiet "goodness sake" . What the passengers said was OOOOOOH ! FOR F....................**KS SAKE!!!!!! That is not bad language. Neither is it with an U after the F. It could be " FUNGUS STINKS " sake if w...

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