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Boom coming in next two years – Sheikh Maktoum

by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 22 September 2010

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Posted on Thursday, 30 September 2010

Big Boom

Posted by Romeo Tolentino at 09:14 UAE time

Learning from mistakes is the only way to go....I'm having high hopes for Dubai...the leadership and its people...GO DUBAI..GOOOOOOO

Posted on Saturday, 25 September 2010

Posted by hallas at 00:41 UAE time

Ireland has no real estate taxes, no service charges, no water bills !! yes water is free in Ireland. It is very easy to see where everything, everything being very little as they have no natural resources but it was never a desert, it everything in Ireland has gone, its in the hearts of its people that are welcomed ALL OVER THE WORLD. God Save Ireland.

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Posted on Thursday, 23 September 2010

DUBAI'S FUTURE

Posted by PRAKASH L. LULLA at 14:45 UAE time

What Sheikh Maktoum Hasher Al Maktoum, CEO of Al Fajer Properties mentioned in his article is partly correct. Dubai does enjoy the best infrastructure in the region & has always been open to new busineses opening here. Even today despite the down turn Dubai remains an attractive destination and now at very attractive prices any businessman would be keen to come to Dubai. The global recession is also an important factor that has changed people's perception and turned them into pessimists.

Inshallah Dubai will continue to be the shining star in this region and will bounce back as soon as the upturn starts. Till then each one of us have to toe the line.

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Boom !!

Posted by Conny Mathei at 12:35 UAE time

I think Dubai needs to do much more to get the trust back from buyers . Lots of buyers from off plan properties were badly treated and suffered high losses by their developers and Dubai Land department . Lots of people left Dubai with a bad image of trust and support by the government . Those people are the marketing of Dubai . Also big issue Dubai should work on is the visa for home owners, why buy as an end user and not getting at least a 3 years visa !! The oversupply was something that could have been foreseen but I think Greed is and was the main problem . I don't think that the boom will happen at least for the first 10 years .

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TRUST and TRANSPARENCY

Posted by Bob at 10:04 UAE time

Sadly, trust and transparency still severly lacking in all areas of governing and business here in UAE especially Dubai.
Until and ONLY until trust and transparency are fully restored here will you see any resemblance or normality return here.
AB as a leading publication also has a very very important role to play regarding truth, trust and transparency.

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JLL says Dubai office vacancies up; demolition an option

Posted by Tareq at 10:01 UAE time

So how does this tie-up with Arabian Business article on 19th Sept?

http://www.arabianbusiness.com/597414--dubai-office-vacancies-soar-demolition-an-option---report

Should we demolish or wait for two years and hike the rents?

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Posted on Wednesday, 22 September 2010

boom coming??

Posted by disturbed of dubai at 21:57 UAE time

Need to look up the meaning of transparency..Dont see any examples of my understanding of the word, from any of the major sectors/

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Inshalla

Posted by Marcus at 19:35 UAE time

I doubt it but as they say, inshalla!!!

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Boom or Doom?

Posted by George ittyarah at 19:02 UAE time

Building Construction sector will take at least 10 more years to attain its past glory of boom period that was witnessed during 2004 to 2008 because they have already built thousands of new surplus buildings - apartments, villas and office blocks during these 4-5 years period which is good for another 10-15 years.

No where in the world any one can see this much surplus quality buildings comparing it with the geographical size of Dubai and compare it with its population ratio. At least another 50% rent reduction for all types of buildings in Dubai and easy and transparent, expat friendly law regarding ownership and possession of free hold properties by expats will help Dubai to ease its economic stress and regain its past economic glory. Presently thousands of these new surplus empty buildings all over Dubai cast a negative economic shadow.

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Hope is good being realistic is better

Posted by Bob at 17:48 UAE time

It is true that Dubai made a good infrastructure howver it failed to make the fundamental laws and the basic planing for a steady growth. Economical stable growth is better than a boom. Dubai will need more than 5 years to recover if it continues with actual policies: Many announcements but no action. Dubai should attract small businesses together with big ones. Small businesses are the main contributor to the growth in countries like HK, SGR or even Germany. Good luck to Dubai but will really need to deal with urgent issues not dealt with since 2007

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Stability

Posted by Ed at 16:28 UAE time

With all respect, I do not fully share the opinion. There may be a recovery, but "boom", I'm not sure if you can call that. For instance, strong and solid companies that invest with long term view is what Dubai needs, but the same companies look for future stability and predictability. The memories of huge cost growth per year is still fresh in the minds of companies, investors and people. This is what happened in the past (take house and office rents as example), and will keeps companies very cautious and conservative on investments.

Dubai has a great future if it manages to overcome the hikes and spikes in the economy, create more transparency and stability in the economy and build a competing cost structure (especially basics like Housing and food cost) that will be stable. Only than Dubai is what competing countries will fear..... Not now.

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recovery

Posted by Romeo Tolentino at 13:37 UAE time

the key is to bring back the trust of investors..problem/s must be solved first before the atmosphere of recovery comes

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BOOM!!

Posted by Todd at 12:22 UAE time

Are we still using this term BOOM. As everyone now knows what follows a boom, perhaps it would be more prudent to hope for or work towards a new paradigm. How about sustained, quantifiable sector growth accompanied by a transparent roadmap to growth.

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Which sector will contribute to boom

Posted by dtriue at 09:34 UAE time

Thank you sir for the statement that brings us some hope in near future. The investments in infrastructure is very much visible, notwithstanding a bit of overspent on certain projects. So now we have the infrastructure built. Time to make use of this capacity.

Is it such that Dubai's new selling point is cost advantage? Unless we know which sector would boom, expecting it in next 2 years is a bit optimistic.