bharatbhasha.net
 
Free Articles  >>  Real Estate >>  Page 79  >> 

All Eyes on Dubai





es on Dubai
Dubai, it seems, is in the eyes of a storm these days. It will be a financial storm of some impact, if the majority of world reports are to be believed. Especially those news items emanating from Europe and USA are insistent that there is something more sinister lurking behind the failure of Dubai World to meet its US$60 billion debt obligations. They would want us to believe that the real reason behind the Dubai Government’s refusal to guarantee picking up the debt obligations of Dubai World is that the Government of Dubai is itself going bankrupt. They would point out that the unprecedented exuberance of Dubai and its rulers in seeking to construct the world’s superlative structures has brought them to this crossroad. From the world’s tallest structure to its most expensive apartments hotel in dubai, from the spacious shopping malls to a skating rink in the middle of a desert climate, Dubai is a country of amazing contrasts and superlatives that have style and extravagance written all over them.
So were the rulers and the think tanks behind Dubai’s expansion plan all wrong? While it certainly makes a compelling case to say yes right now, let us hope for the sake of Dubai and its citizens that they were not wrong. In fact it was precisely this vision and its implementation at breakneck speed that made the economy of Dubai boom and take off. Over the last ten to twenty years, Dubai has certainly and repeatedly transformed itself from a sleepy fishing village in the desert to a cosmopolitan city with all the possible amenities that money can buy. Many expatriates live lives with villas rent Dubai that they cannot afford in their home countries. So let us remember that if they lent a hand in creating and developing this metropolis, they are also indebted to this city for giving them tax-free employment and an enviable lifestyle.
It is a fact that Dubai was affected by the recessionary trend that started in the USA and worked its way to countries all over the globe, especially in Europe and the rest of the developed world. It’s a strange fact that the crisis has affected the housing and financial sectors in Dubai as well, the same as in the USA. The effect has been seen over the last one and a half years, as building activity slowed, projects were curtailed or abandoned and workers were fired en-masse. Even today, after the present crisis, it will take some time before activity resumes at the level seen before the layoffs.
What is interesting is that the present crisis has brought down the Dubai properties rental to acceptable levels. This is true whether we are talking about villas Dubai rent or Dubai offices for rent. In the opinion of some property market analysts, this market led correction was long overdue and was sorely needed. The present prices and offers for Dubai property on the whole are far more realistic, and some buyers are still waiting for the dip that is expected somewhere in March, April or May that will undoubtedly occur before the market picks up again.

About Author David Martin :

David Martin is a respected, well read columnist in Dubai and considered an expert on the economy and issues connected with living and working in the emirate.  Expatriates like to quote him on everything from dubai flats for rent  to how to live the lavish lifestyle and be part of the nightlife that Dubai has to offer, otherwise considered the prerogative of the wealthy and knowledgeable.


Article Source: http://www.bharatbhasha.net
Article Url: http://www.bharatbhasha.net/real-estate.php/199853


Article Added on Wednesday, December 30, 2009
Other Articles by David Martin

•How the Business Downturn Is Affecting Other Sectors in Dubai
The fate of Dubai, it seems, is in the hands of the gods. In a world where perceptions matter more than reality, Dubai has been hit hard and heavy by the present financial crisis. Ever since the news of Dubai World’s liability hit our screens, our lives have never been the same. The news of Dubai World’s US$60 billion debt made headlines all across the globe, and the world waited with bated breath about what would happen next. Given that Dubai has the world’s sixth largest foreign exchange...

•Accommodations in Dubai
Dubai which used to be a desert a few years back has now completely changed into one of the most popular cosmopolitan cities of the Middle East. Dubai offers some of the most luxurious, outclass, and fascinating accommodations compared to any where else in the world, which is why Dubai has become one of the most popular tourists destination and one of the most visited city in the Middle East. Also because of its phenomenal growth in the real estate and property market and rapidly growing...

•Properties in UAE
Dubai real estate and property market has been an attraction not only for the investors but also for the buyers for quite some time now. This attraction has further carried the property investments to other emirates of UAE like Abu Dhabi and Sharjah. And because United Arab Emirates offers out class conditions for foreign investments, business friendly policies, and extremely risk free and safe law and order condition, giving surety to investors from all over the to prosper in the exclusive...

•Real Estate Middle East Asia
When we talk about real estate properties in the Middle East, Dubai is the first name that comes to our mind. The progress made by Dubai in its real estate and property sector in recent years is phenomenal, and has stunned the world with the rate of growth at which it has progressed, as now its stands among the top rated real estate and property markets in the world. Properties in Dubai are among the best real estate properties in the world, as real estate properties in Dubai they are stylish...

•Tips on doing real estate business
Whether you’re looking for apartment for sale or office space for rent in any part of the world it is advisable to contact any local property finder it they will help you in making the most of your budget through their extensive research of professionals. When looking for a real estate in Dubai you might need to take in these following tips. • It’s very important to point out the reason for purchasing a new land and , majority of people fails to set the objective of the new purchase and they...

Publishers / Webmasters
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:


189 Users Online !
Related Articles:
Latest Articles:
 
Real Estate >> Top 50 Articles on Real Estate
Category - >
• Advertising • Advice • Affiliate Programs • Automobiles
• Be Your Own Mentor • Careers • Communication • Consumers
• CopyWriting • Crime • Domain Names • DoT com Entrepreneur Corner
• Ebooks • Ecommerce • Education • Email
• Entertainment • Environment • Family • Finance And Business
• Food & Drink • Gardening • Health & Fitness • Hobbies
• Home Business • Home Improvement • Humour • House Holds
• Internet And Computers • Kiddos and Teens • Legal Matters • Mail Order
• Management • Marketing • Marriage • MetaPhysical
• Motivational • MultiMedia • Multi Level Marketing • NewsLetters
• Pets • Psychology • Religion • Parenting
• Politics • Sales • Science • Search Engine Optimization
• Site Promotion • Sports • Technology • Travel
• Web Development • Web Hosting • WeightLoss • Women's Corner
• Writing • Miscellaneous Articles • Real Estate • Arts And Crafts
• Aging

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of bharatbhasha.net and/or its owners.

Copyright © AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Linux Hosting Provided By AwareIndia