ArabianBusiness.com - Middle East Business News
Thursday, 12 December 2019 00:48 UAE time

YOUR DIRECTORY /

Filter By Date Date Range


Posted on Sunday, 3 October 2010

Emirates Islamic Bank may buy Dubai Bank, Amlak - report
Dubai Man



I am not quite in the situation of Dubai Man but my Abu Dhabi property in Al Reef Downtown should be worth at least slightly more than the original price I paid in 2006 once completed. Even if its not I put down a healthy down payment so a rental would pay my mortgage and allow a bit left over every month. Not all the properties on Amlak's books are losers and under water on equity.

 

CLICK HERE TO POST A COMMENT

Emirates Islamic Bank may buy Dubai Bank, Amlak - report
time will tell



dear John , actually i am refereing to market price Only , it's all on demand and availibility of funds , the reality i owe them less than a million and it's worth around 3 as of last month , all bank will try to make money and i forget about the stocks m i am only talking about the customer , i had no issue with them , just pay on a monthly basis even my rate was reduced . so it all about prespective .

 

CLICK HERE TO POST A COMMENT

Emirates Islamic Bank may buy Dubai Bank, Amlak - report
Worth what someone will pay for it



Sadly, Dubai Man, your house is only worth what someone will pay for it, so don't kid yourself about its value. But since you were in early, Amlak is lucky to have a loyal customer. They have treated their clients badly, with a lack of transparency.

 

CLICK HERE TO POST A COMMENT

advertisement

Let the games begin
This is History Now



I would have agreed with the author, if this report was published two weeks ago. Things were not in order in Games Village as the company involved (A joint venture between Dubai Based developer and Indian Partner) did not do their jobs as per the contracts specified. Now this problem has been sorted out to the satisfaction of the all the delegations and there is praise from all corners including the Pakistan contingent. Can the author tell me a place on earth where accidents occur when such big events being organized? Is there a place on earth where shootings do not take place even after foolproof security arrangements? The answers are clear no.
Organizing Committee consisted many representatives from various parts of the world and these are the people to be blames for the delay. These guys made money at the expense of the Indian tax payers by allocating projects to their related parties in various locations and through dubious transactions.
To the guy ‘don’t understand’ (at least give your name going forward) who wants to read about thousands of reports please read this quote from England's flag bearer Nathan Robertson , a veteran of four Commonwealth Games praised the facilities for athletes. "The village quality has been very good, the food hall's excellent - actually the accommodation is possibly some of the best we've stayed in," Do you want to listen anything more? (I have taken this quote from BBC News)

 

CLICK HERE TO POST A COMMENT

Dubai ruler says ‘We are back’ after debt accord
Negativity and facts are rather different fish



While the negativity has been draining, simply stating the facts is not a sin. Dubai has learned a massive amount from the collapse, and clawing its way back is going to hurt. But there is a very positive vibe out there that the boasting and chest-beating won't happen again. Just doing things well, not claiming above its weight and returning to its solid trading principles will serve Dubai in the long run.

 

CLICK HERE TO POST A COMMENT

Dubai ruler says ‘We are back’ after debt accord
real analysis



I am a pessimist. But having just visited and stayed at 2 hotels this weekend- kempinski 80% occupancy and Atlantis -90% occupancy, i have to disagree with John that hotels are empty.Also on a recent trip to Zurich- the business and first class were full, not so economy. Which means business' are spending again.
The property market still needs to sort out visa regulations, and other issues before it picks up.
Overall things are stable in Dubai, but no upswing in the property market and this i think is a right analysis from Dubai, and not some guy from London

 

CLICK HERE TO POST A COMMENT

Highest restaurant in the world to open in Dubai
Highest Restaurant in the World?



Technically, it's not the highest restaurant in the World. Seems to me this is false advertising or rather, wishful thinking. Maybe it's the highest in the World in terms of buildings that are at sea-level, but realistically, there are hundreds, if not thousands, of restaurants that are higher in elevation.

 

CLICK HERE TO POST A COMMENT

Emirates Islamic Bank may buy Dubai Bank, Amlak - report
Be Real



i am a customer of Amlak from day one , and my house now is worth 5 times what i owe them , adn there are a lot of customers liek me , i agree there are some inflated house prices , but not to that extent , i would bay 75 cent on the dollor , since remeber they have not given a loan for around 2 yeras now and majority have been paying , so it's agood buy , also there are more than money at stake here.

 

CLICK HERE TO POST A COMMENT

Beirut is world's 10th most expensive city - Byblos Bank
Besides ...



@Trevor,
that's true Beirut is more than 6000 years old city.
unfortunately, the true Beirut was completely destroyed after 1975 thanks to our beloved neighbors (all of them).
we lost our beautiful architecture in buildings, our beautiful old houses are being demolished to the ground rather to be restored, we are just collecting pieces from all around the world in our architecture, pubs, coffee shops, restaurants,...
Oh wait, maybe one day another Tour Eiffel will take place here, or maybe another Big Ben...
Today's Beirut, is not the 6000 years old Beirut that our parents used to know ...

 

CLICK HERE TO POST A COMMENT

Emirates Islamic Bank may buy Dubai Bank, Amlak - report
Buy might be too strong a word



Assume the debts of, would be closer to the point. Islamic finance is being discredited, literally and figuratively, by this protracted inaction over Amlak and co. The debt is worth a quarter of its face value, and nobody in their right minds is going to fall for anything less. The properties are simply worth a quarter of what they were bonded for, plain and simple.

 

CLICK HERE TO POST A COMMENT

Dubai ruler says ‘We are back’ after debt accord
Inneresting



As my papa used to say; "if you don't have anything nice to say, don't say anything at all'. Perhaps people are just too tired of the negativity - it's not getting us anywhere. However, it is interesting to note that Arabian Business has chosen to run the Bloomberg report as opposed to having one of their own right on this. *clap*

 

CLICK HERE TO POST A COMMENT

Beirut is world's 10th most expensive city - Byblos Bank
COOL STORY BRO !



ok, i live in Beirut and i work in Beirut.
i don't like the situation.
about the topic:
Beirut is not "Solidaire"!
i totally agree with Patrick.
not just "Beirut", the whole country is in complete CHAOS !

 

CLICK HERE TO POST A COMMENT

Dubai cancelled half of planned property projects
buying on papers



i do not understand how you people invest your money by buying some thing not yet exist? what i means how do you buy or pay a down payment on a flat or a floor in a tower, or residential complex, which is not even started and not completed? you are buying on papers? how come? buying and selling are both done on some thing that should be existing? we should not buy just by looking at the photos or at site plan.
wake up people?

 

CLICK HERE TO POST A COMMENT

Affordable districts in Dubai hold stable - report
That is still almost 60%



Whichever way Asteco chooses to spin it this points to an almost 60% decline in property values since the peak. That the villa market is stable shows that you can still find a landlord down on his luck and ready for 12 cheques and a fat discount. The only people who are "buying" are those who bought off plan and would lose everything if they don't cough up on completion.

 

CLICK HERE TO POST A COMMENT

Sentiment on Dubai is changing again
Let's not point fingers, but let's keep it real



First off redundancies are still happening, so the crisis is still very much a reality - i was bounced out of my job last month and I know others who are in the cross hairs. While I have been fortunate to find a new position, there are still a number of people out there who face daunting prospects.

John, you have made this same comment before regarding PR in Dubai - if you are so frustrated about it, why don't you come out here and show us how it should be done?. Most of us in the halcyon days were led to believe that there was no end in sight, the pit was bottomless and we would all reap the rewards - we were listening to those in positions who demanded that their future achievements be announced as though they had already happened. It must be wonderful to sit in London and criticise while your own government squanders your tax pounds and creates quangos to provide endless jobs to people who graduated with degrees in psychology. Why not try focus on the appalling lack of positive PR in the UK, rather than pointing at the efforts here in Dubai. No wonder you are all suffering from SAD over there.

PR in Dubai is what it is, it has changed dramatically in the last decade, for the better, and while it might not meet the lofty levels of London lovey PR, it deals with an extraordinary set of circumstances and should be praised for its adaptability and its diversity - walk a mile in anothers shoes John and you might just appreciate what it's like to work in this region's PR market.

 

CLICK HERE TO POST A COMMENT




Tell us your story

MOST POPULAR

ArabianBusiness.com Most Read

    No stories found.

Play the Visa World Cup Financial Football game

30 under 30

Banking Survey Result 2010

Architect Powerlist 2010

Meet The Boss

READER COMMENTS

Reader Comments (24 hrs)

No comments.

Read all user comments >

MORE FROM ARABIANBUSINESS.COM

PROPERTY

    No chosen articles