Dubai Bubble

People keep talking of the “bubble” in Dubai and when it will burst blah blah. Well you only have to look at thr stats of how many people are actually moving into the City to see that there will always be a lack of housing unless more comes on line fast.

I really doubt its a bubble, even if it is its going to take at least another 50 years for it to burst.

Ismail Shihadi’s last blog post..Cityspace AD sells out !!!

i wanna see ur country i like all this fotos of ur country

I hope not to offend you guys but there will be a bubble and when it blows I am going to get some on me in Michigan:)

Point is I am moving to Dubai and want it to continue and i will always make money as one man but for the larger picture i believe there will be a forclosure market like never before amongset other collapses
Good luck Dubai

M

I am truly amazed at how fast this city is growing. As long as there are jobs money is moving. To M wise, being a buckeye I would like to say the a lot of jobs have left Michigan and are also leaving ohio too. The sad thing about life is money does not stay in one place.

Well, it depends on what the people want. But it is important to note that everything has its own limit. Money is not everything.

I am from dubai, and now i am in maryland for few months b4 i go bk to dubai. let me pple tell u about my opinion of US.Services Here are so bad,The tax is high,The economy is fucked!,The Oil is 3.99 (best price u cn find) in dubai its about(2.00$)The US government wanna start war!! Dubai is Not Babble.Dubai accounts for about 6 per cent of UAE Oil.Dubai’s economy grew around 16 per cent in 2005 to be worth an estimated $37 billion according to a statement from the Dubai Department of Economic Development (DED).

This rate of growth is expected to beat that of China, acknowledged to be one of the fastest growing economies in the world today with a growth rate of 8.5 per cent.
http://www.internationalreports.net/middleeast/dubai/2006/gdp.html

Thats for all ya

Dubai is really amazing. i never thought it is such a beautiful city. Kudos Dubai

i havent been to Dubai n have always wish to go there… in pics its looks so amazing n heard a lot abt it…
will b there soon… yyyeeeiiii.. )

The pics look great–will it really ever get done though?

I totally agree with S.J and Marin M Wise… I have lived in the USA all my life and all I see is its not where I want to spend the rest of it…The world is needing to wake up and realize that America isn’t the stereotypical “PROMISE LAND” I have heard so many say from other countries. I have friends around the world and from what I have learned, Dubai is where I wish to be…thanks for sharing…Tonya

First off, I am European but let us get down to reality with Dubai. It is a small city in a small desert in a volatile and radically religious geopolitical area. It has no natural resources but wind, sunlight and oil. The fact of the matter is that the government there knows one of them is running out very soon and they need to build something to sustain their country. Problem is that when the money runs out, trust me it will soon with slowing down of investment and this kind of trading, all the foreigners and immigrant workers will leave. By the way Dubai is built on the backbreaking bones of people in serious poverty and they usually leave Dubai with little or nothing. Build it and they will come does not work without having a secure water and food supply. Sadly it will just become a ghost town in the desert. Question is when?

Dear All

Recently i have been thinking about buying an apartment, the first place that comes to the mind is of course Dubai Marina, eventually i got a clue and started driving around Dubai Marina, the construction is amazing, many towers are complete but empty, even on Sheikh Zayed Road, all these high rise building except for Emirates towers, are all advertising: Office to let, they are virtually empty, the size is huge and tenancy rate is less than 5%, so why all this building and at such high price, i really think its just a matter of time before prices dive down, some projects already behind schedule in Marina (Ex. Marina Pinnacle). Some say this place is like Singapore 10 years ago, i disagree because singapore system is so efficient and thats what attract people to it, even singapore had a bubble

OK i LIVE in dxb, and i like it true, but its mostly just sumthin fancy yet empty on the inside. ITs great to come visit not so great to live, and when u talk about the USA, you can never judge it like a whole u have LA, NY, Chicago, Miami, the list goes on and on, NY for one is AMAAAAAAAAAAAAAAZING btw, i LOVEEEEEE THT CITY< and dubai is great it will never be a NY, tht title dsnt come with building buildings no one lives in. It comes with a mix of many things.

Dubai is a massive startup, with strong venture capital behind it. Like any startup, it is important to think grand and portray confidence. You do that in the hopes of achieving sufficient escape velocity that you are able to soar well above your competitors – in Dubai’s case the other major tourist and financial cities of the world. But like a startup, you also run the risks of aiming too high. Dubai is spending like crazy – using oil money that will dry up soon. As it is essentially now an all new city, it does not have to face the same issues of an aging infrastructure that established cities must struggle with. In the years to come though, those issue will come. If Dubai ends up having too much infrastructure for the city they have built, the costs of maintenance will quickly overwhelm the budget when the time comes to balance the budget rather than deficit spend like crazy. It remains to be seen if Dubai can attract enough super rich people to make this all work. I would bet against it.

As beautiful and awesome their skyline is looking. I would not sacrifice my freedom for any of it! No wonder they wanted to buy all the american ports. They need to sustain that capital, they need to relax they’re strict muslim laws in order to get long term migration. Seperate mosque from state! Of course i wouldn’t know, not having been there.

Hi all. I just checked some statistics regarding freshwater resources for my blog book at thebookofw.com.

The stats are here:
http://maps.grida.no/go/graphic/freshwater-availability-groundwater-and-river-flow

They state that U.A.E along with Egypt has a challenging freshwater situation. So, I would be interested to know how they are planning to generate freshwater in Dubai to support the massive growth?

In Dubai, the spirit Abraan Father live, in your absolute power.
The glory of arab people is evident, in a building construction city.
Im happy, because, this people waiting therefore many time;
Now, is your time. Grace God.

i didnt like the way u talk about dubai im from dubai and its more than amazing ..in dubai there is no diffrent between any religons … i dont blame u maybe u didnt come here befor thats why u r talking like that but dubai is full of us and uk people …

Never mind the Bubble….just wait for the next Tsunami then we’ll see how long Dubai will last!

Mark …. well i can say whatever i want without fear either ..any way ur opinion not ganna change anything i know that dubai ganna be the best place ever … i dont know why u r angry !!!!

will see

hi all

in my opinion dubai is the greatest city of all
its modern fun and it has a wonderfull cultural. so mark i think your absolotly wrong and clearly you didnt see dubai because if u saw it u wouldnt say the things u said so i wish all the best for the peaple of U.A.E to rise up more and more

I live in Brazil, I am of a very different language, I attended a program in television that showed Dubaí and their great constructions, give of that day, I was very curious to know more on Dubaí then here am, besides onlooker, I was also with a great will of traveling for Dubaí as a tourist.

Wow… there have been some interesting posts here Well, let me try and throw in my two cents as well

I have been living in Dubai for three years (which is short time and long time for some) but have found that I agree with many of your points. Dubai is a great city expanding at such a rapid pace. The diversity of cultures and different people that you work it makes being here a different learning experience.

The only downside, and this is from my own personal view, is that Dubai can’t sustain itself due to its location. Sustainability in my view would be to be able to have natural resources through plants, vegetation, animals and water to feed the nation. Having these things would make a huge difference to the city and give it some “life” Tall buildings, new metros and other developments are great, but once the major source of income fizzles out i.e. oil, then we will see a change in the pace of things in Dubai.

At the end of the day, its all about choice. It’s either you like tall buildings and the spur of the moment to make money or you don’t. Or you appreciate history and nature and aren’t comfortable with the “fakeness” that Dubai brings. It’s your choice.

Hello. I live in San Francisco. USA. I have been to Dubai twice only at the airport while in transit to and from Pakistan. over 8 years ago. Let me tell you Dubai is the place to be. I can only hope to go and visit after Oct 20 of 2008, that is when United Airline will have a daily non stop from USA. I would like to buy a home in Dubai. close to the city. more like vacation home. I work for United and will have a chance to go to Dubai once a month. Is there a site with home prices? The other thing is, is there home for $150,000 USD or less anywhere in Dubai? Will appreciate any help from anyone. Thanks Shaan in San Francisco.

I guess in Next ….5 years dubai bi a number 1 Country of the world…. Like the way the puttying money on buildings and tower..It would bring more bussiness in Dubai …and more Resources..

“Of course i wouldn’t know, not having been there.”

It is nothing like hearing it from someone who is living and working there. Dubai is all fake , yeah the buildings , the marina , the new streets , an all the malls. But then what ? this country has no basis , I mean you can’t consider this as an economy. The building there are to a track people from other coutries to visit , live , invist. However , this city has only three months in which you can be in the street NOV – JAN , other than that , the weather is really bad. The properties are soo expensive, everyone here is having an issue with housing and the cost of housing. In short, the prices has gone up so much and if you know a little about the market , then you know this will have to correct sooner or later . For now I am enjoying the ride , I been here for couple years , and plan to leave at the end of next year. Just what I think

hi all
iv been to dubai 2years ago for my honeymoon.
it was amazing i will go again if i get a chance. there is alot activitties to do.
i think everyone should go there atleast once in their life time its really good experience.
but i found it abit expensive though.
i always think to myself if i win a lottry i will live rest of my life i dubai.

I told you so

Hello. I live in karachi.pakistan. I have been to Dubai 1986 to 1996. over 9 years ago. Let me tell you Dubai is the place to be. I can only hope to go and visit after Oct 25 of 2008. I would like to buy a home in Dubai. close to the city. more like vacation home. I work in pakistan and will have a chance to go to Dubai once a month.plz give me a chance to visit dubai and see a paradise in this world with my eye.Will appreciate any help from anyone. Thanks abdul wahid from pakistan.

DUBAI is a very beautiful country. My aunt and cousins went there and they showed me lots of pictures from Dubai. They stayed there for almost 3 weeks. They said,they don’t feel wanna come back home to Philippines. The downtown area and the buildings are so unique especially the one that made from 100% Gold.

Hi Shaan,

Srini here from Sharjah (20 kms away from Dubai). USD 150k not sufficient to get even a studio room in dubai. You can give a try in Ajman (which is again 30 min drive from dubai without considering traffic congestion)

Cheers
Srini

I was lucky to have bought in 2004 and sold in 2006. Dubai is a nice place, but it has choked itself on development. it is not sustainable in the long run. I would advise anyone interested in investing there to get out now. it is a micky mouse economy, built on sentiment and speculation. Also, i can see a lot of social and multicultural problems ahead. get out fast

keep sending funds to your home country if u are a expatriate and if u r local keep funds out if nationalized banks . the debt to equity ratio is amazing and you can expect very unpleasant surprises. stocks market of dubai is a big joke . smart ppl made their money but that’s it .

Hi Barry coughlan..I must admit that you are a smart businessmen. You did the right thing and at perfect timing..Trust me..Dubai’s bubble is about to burst in a months time. Already the investors are panicked and trying to sell off their properties..most of the investors here are speculators who try to make some money just by booking a flat at 5% down payment and later reselling it at a higher value. But now the situation here is that banks stopped giving loans for properties. Moreover they are not even ready to give loans to the employees who are into realty jobs..Just imagine the situation. All the hipe that was created is about to burst…I have been living in Dubai for more than 8 years.

Blah blah blah… why dont you people really admit that deep down its Jealousy making you say all that bull… Dubai is blessed… its heavon on earth…

Jealousy is no more than feeling alone against smiling enemies. ~Elizabeth Bowen

The envious die not once, but as oft as the envied win applause. ~Baltasar Gracian

Hi Sarah – Jealousy of what? paying salik? or waiting in traffic jams for 2 to 3 hrs?What i am trying to say is that you cannot close your eyes and assume everything is all right.

http://www.uaelists.com/uae-dubai-property-news/197-the-changing-uae-and-dubai-property-market

Hopefully, all the speculators have found they have been bumf*cked in October. Worse still, bleeds will continue for the next decade. I have been saying this about the Indian market since February 2008.

Eclectic Investors last blog post..Times Benchmark Reflects Residential Property Slump

I worked in dubai forn 4 years, was 200 to n2004, than I left dubai to UK.. I admit ots amazing city.. but, for long term , I am not sure… I preper to have proverty in New York as expensive as Jakarta than dubai..

the living cost is higher and higher,, no more space to live for low budget worker

its true, some said its a Fake country,, many workers dont even make enought money, the country economy buid mostly from foreign citizen, sadly the locals look too:”good; to work hard, ..we will watch next few year from now..

I think no one can argue about Dubai and he never has been to it,, if were in the middle of rough ocion and you sow an island ………So that is Dubai Pearl of Gulf.

Dubai is all artificial
• No natural beauty
• Bad weather
• No culture
• No nationality rules + biased laws for non locals
• All shopping is expensive
• Bad customer service
• Lacks a manufacturing economy+ just service providers

The Rulers have missed the plot, they have made it so expensive for the tourists, businesses and also people living here that nobody will want to come here in the next few years, unless the bubble really bursts and everything goes back to what it was 3-4 years ago. The impression that Dubai is value for money place to spend your vacations, do business or as a place to make your career is fast eroding.

People living here have already realized that they are being robbed at the malls by the retailers, they can buy everything cheap back in their home countries be it the UK, US, Europe or the subcontinent / far east and get it shipped here and still save money.

The attractions that brought people here earlier was good salaries which they could spend and save at the same time, cheap shopping, and decent hotels at good rates. Businesses moved here due to low cost and a liberal atmosphere. But they are moving out due to high costs now.

None of the above is here anymore except for a comparatively liberal atmosphere compared to rest of the region.

The only thing Dubai really has a peace and safety which might keep people from un-peaceful countries to stay here. I hope no terrorist targets this area otherwise it will be all gone.

Some people still find it beautiful for a few days/weeks of their vacations but I think there is no scenic beauty to see unless u find sand beautiful but even that is covered by buildings now.

The Dubai bubble is bursting and let see how flat does it go

This is what I think after living here for a few years.

God People !!! Leave it alone ! Don’t you have anything else to do ! Seriously ! I hate it when people chat that way about my country.

a lot of people think it is just a desert and we still travel on camels and it’s all like Afghanistan !! wake up ! Get out of your bubble !

toto .. who are you to take about culture ?!! you must be talking about some other country! or maybe yours !
by the way .. the nickname is sooo GAY !

OK..talking about buildings and development..hmm..2000 years back there was no such thing on earth ! it is all man made ! Dubai just did it faster when they decided to and that’s why it got all the attention ! It’s right everything happened so Fast but it doesn’t mean it’s a bubble that is going to burst ! we have wise and great leaders that can overcome anything. And if you’re talking about the Economy.. Hellooo !!! ” International Crisis ” !

And for those who are living in UAE and saying they don’t like it here: Just LEAVE !! UAE is full of you and you are behind all the traffic… and I really hate walking around and just having to see you everywhere!! It makes me SICK ! don’t even get me started on that coz I’ll never stop.

and ya about that.. An Indian Taxi driver once said : with all the changes it doesn’t feel like home anymore.
Are you kidding me !!! Home !!! It’s soooo funny that it makes me wana cry!

5 months ago, I told you so. I hope some of you bailed before the burst.

i appreciate all of ur comments

i think no one want to invest in drowning projects but here is the list of few high profile companies which want to extend there business in the dubai in the end of 2007 real estate business might get down as the economical position of all the world accept few countries is going bad. but it doz’t means it will collapse, there most projects are commercial like Dubai Supports city, Dubai mega mall etc. and more over new industries and the new industrial project beside the old abu dabi industrial project the new industrial city today i see its web which contain its map

http://www.tameer.net/emi/index.htm

for more details you can see these companies web sites for there future plans and how they see Dubai

ABN AMRO Bank, Adecco, American Express, Bank Melli , BASF South Africa (Pty) Ltd, BNP Paribas, BP Middle East, CB Richard Ellis, Cisco Systems, Citigroup, Clear Channel Independent SA, DHL Worldwide, Dubai International Airport, Ernst & Young, Etisalat, Henkel , Hilton International, HSBC Bank Egypt, Italian Trade Commission, Itochu Corporation, Khaleej Times, KLM Royal Dutch Airlines, KPMG, Kuwait Oil Company, Lloyds TSB Bank, Lufthansa, McKinsey & Company, Microsoft, Mitsubishi Corporation, MTC-Vodafone (Bahrain), Nestle , Nokia, Oracle, Pepsi-Cola International, PricewaterhouseCoopers, Qatar Airways, Red Bull FZE, Saudi Aramco Mobil Refinery Co Ltd, Siemens Ltd, Sumitomo Corporation, Sun Microsystems, Tetra Pak , Travelex Global & Financial Services, UNICEF, Unilever and Zurich Life Insurance

Hahahahahaha!

Quite hilarious to read the deniers comments from the start! I’m sure tourists will continue to flock to the area – much as they do to see the Acropolis and other great ruins…

who cares about dubai well 15 of the hijackers came from there dont forget 9-11-2001

please give your women some rights please

I’m from dubai, and i’m not gonna snap at you because of your comments- say whatever u wish.

K, so yeah..the gov’s pretty ambitious and have many plans for the future-there’s nothing wrong with that. Again, going too far is way too much.

“It is nothing like hearing it from someone who is living and working there. Dubai is all fake , yeah the buildings , the marina , the new streets , an all the malls. But then what ? this country has no basis , I mean you can’t consider this as an economy. The building there are to a track people from other coutries to visit , live , invist. However , this city has only three months in which you can be in the street NOV – JAN , other than that , the weather is really bad. The properties are soo expensive, everyone here is having an issue with housing and the cost of housing. In short, the prices has gone up so much and if you know a little about the market , then you know this will have to correct sooner or later .” Sami.

^i agree with u completely, they’re slowly killing us with the prices, everything’s gone up and it’s a pretty hard time, plus, the salik project is just a mess^

Huda,,,,,

it’s my country too, and i luv it no matter wat it is and what ppl say. If you think a comment is unfair or wrong or something, clear the confusion, not like this. and it’s true, be sensible, you gotta look around you, soon, everything’s gonna end if it’s goin like this. they’re using the oil in a massive way, building and planting on a desert landscape,trying to absorb many tourists when Dubai can’t hold all of that. You blame who for the traffic? isn’t it the gov’s doing? Yeah, i luv my city but i don’t like what it’s becoming….

————–

i respect all of your comments and critics anyway…

thnx.

Huda, what do u mean it’s not a bubble thats going to burst? You are right it is not going to because it already has. Unfortunately it is the small investors who have been left in the lurch.

shut up mark stupid
it is my country why are you jealoiuse
?!!!!!!!!!!!!!!!!!!!!
stupide thing
shut up
you are soooooo mean to my country
(jealouse man+mean)

uae is the best in the world >!!
you got it
hhh
jealouse mark
omg
you are soo jealouse
because you dont have mony to do all these thing in yiur country

dubai is amazing there is no diffrent betweeen any riligion you got it
THERE IS NO DIFFRENT BTWEEN ANY RILLIGION
ALSO WE RESPECT YOUR RILIGION SO U HAVE TO RESPECT OUR RILIGION OKAY
O.M.G
I LOVE MY RILIGIN
AND MY COUNTRY
U HAVE TO RESPECT OUR RILIGION AND OUR COUNTRY TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

This would be funny if it was not so sad.

IT HAS BURST. THE DUBAI BUBBLE HAS BURST. END OF SUBJECT. NOW SHUT UP AND GO ROB SOMONE ELSE COZ YOUR STUPID EASY MONEY BUBLE HAS BURST.

Tourists have been put in prison in Dubai for having poppy seeds on their clothes. If you eat a poppy seed bagel New York then fly to Dubai, you’re putting yourself at great risk with no legal protection. These people are religious fanatics and foreigners do not have equal rights. Homosexuals are treated as criminals and women as second class citizens. The royal family of Dubai ultimately have all control of capital that comes into the country, making it a very risky and unwise place to invest. On top of it all, there is no significant art or high culture. It’s a tacky cultural wasteland. Not even Paris Hilton is interested in going there anymore.

Surely you are right. And more…

RILIGION?????????????????????????????????????????????????????
LOL

This Forum was the stupid Dubai BUBBLE THAT has BURST..

SO PLEASE TALK about the stupid bubble.. not Hiltons nickers

Well, the bubble has now burst. People are now fleeing Dubai.

http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.html?_r=1&ref=world

trust me the bubble will not burst but dubai will not be like this forever, it will stop but then it will start right back up. i love dubai and want to move there one day but i havent got the chance. i research it all the time and look at new developments this city is popping out of the ground iyou want to say and it will be around to last. america does nto have a chance to compete and a lot of countries will not be able to compete. dubai makes things to set records then a few months later somthing is built to beat it. dubai will slow down but never enough to stop the economy it will continue on for many years and be amazingly rich.

This is the conspiracy theorist side of me speaking.

Maybe Dubai is building all this outlandish stuff so there will be a place for the ‘global elite’ to go when the proverbial shit hits the fan.

Im just sayin. Dubai is interesting when viewed from a conspiracy theorists perspective. There might be more to it than we’re lead to believe.

Dubai will recover soon if there is more night life. But till then …Survival of the fittest…

Just Came Back from Dubai.An amazing amount of buildings ,all brand new with leasing information posted on the sides of the building. Everything is overbuilt.people are leaving not coming.How ever i recomend seeing once for your self.but it will be the biggest bubble ever.

Reduce the costs of all items and Night Life in should be upgraded. Tourists may be interested to visit.Dubai can recover feel so.

Dubai will be bought half by Abu Dhabi and half by Iran, then Iranians and AbuDhoobies will use the Dubaiaians as cheap slave labour. But they’ll quickly give up on this idea once they realise how lazy and uneducated the locals are

OMG OMG IM SO JEALOUS!!!
please…

Mark,
the rumour circulating is that Abu Dhabi waited till the last possible minute to bail out Dubai’s last debt commitment, just to remind them who’s still running the show.
On the other hand, for the last decade or so Dubai has been the sole outlet/facilitator for Iranian trade, and it seems Dubai is keen to use this cosy relationship to show Abu Dhabi they’re not the only sugardaddy in town. Although I’m not sure Iran is in any state to help considering the price of oil.

This is basically what happened in neighbouring Sharjah in the 80’s, when Saudia Arabia basically stepped in to help out with their mini crisis when no one else from the so called ‘union’ would. Thats why today Sharjah, although minutes away (if no traffic), is worlds apart in terms of their attitude towards alcohol and prostitution.

But I wouldn’t worry about Iran doing the same thing in Dubai, after all, the mullahs need a bit of fun too…

All in all these should be testing times for the emirates federation.

Huda,

Reality check for you. EVERYONE with sense IS leaving or have already left your god forsaken plastic bubble of a “country”.

Dubai is now reaping what it has sown for becoming a plastic, no culture WHORE to the worlds Mafias, where they could launder money, sell drugs and prostitution, and USE uae as the whore it is.

Hope you enjoy your “culture”, when in a few years, Dubai, becomes the wasteland it once was. Suckers..

Dubai bubble has already started to deflate with so intensity that it can be safely called a bubble burst. Unlike the the U.S. and other European countries where the current economic recession is bringing down the over-inflated economies in a gradual manner, Dubai is seeing a drastic fall.

Imagine a place which has no natural beauty and has extreme weather conditions being inhibited by people/businesses from all over the world in such unproportionate manner that the locals are only one-third of the total population. Imagine a place, which went so aggressive in becoming a world economic icon that it let its own culture, tradition and values go down in favor of the masses who come there to invest and live. Coupled with relaxed government policies and regulations, a steep rise was seen in economic growth in just a couple of years. Things became expensive and property prices rocketed.

This could have kept on for a few more years but the U.S. exported global recession put sudden brake to this economy. I say this because the economic model of dubai and the world at large is based on the U.S. model which is primarly based on Debt. You have little money to do business, expand your business or fell short of buying luxury items or don’t own a house or an expensive car, no worries, you have bank loans, mortagages, credit card available. All of them increases debt for the economy. Ironically, in the U.S. and U.S. based economies these debt were aggreated and again sold as assets (mortgage based assets to be specific), Well that is giving debt out of debt. People rushed towards realizing their dreams and wants (not needs). This created a bubble in the U.S. and a big bubble in Dubai not realizing that only little shaking would be all it take to de-stabalize this model of growth. That shake came with the default of subprime borrowers in the U.S., lowering the demand and hence the prices of property so that mortgages became way too expensive then properties themselves. More people started to default. The mortgage based assets lost value as a result. The vicious cycle continued and the effect became more severe and global. Global because not only people and organisations but also governments had invested in the U.S. in these types of mortgage based trading. The world also employed similar economic growth models so the economic panic and melt-down spread quickly.

What is the significance of all this for Dubai. Well, investors in Dubai invested primarily out of debt, be it establishing business, buying houses, leasing expensive luxury cars etc. That is why, they got hit so strong. So strong that people prefer to leave their houses for their home cities abroad leaving their cars in parking lots at air ports. What they care, after all it was debt that bought them the property and luxury.

The entire world economies is shrinking at the moment, but Dubai is going to see atleast a decade going back in time in terms of economy. I think the bail-out tactics would only increase the total losses of melt-down. The root causes need to be addressed and that is developing a sustainable economic growth model that has little to do with Debt financing.

i love dubai .. its te hottest place ..

Even in my dreams I didn’t see this place like Dubai.
It’s brilliant.It’s the dream world of every one.

i wanna see dubai.it is boon for us.when i will complete my mba i will go there

dubai sucks its illegal to drink alcohol there canada rocks

Hello everyone..
I am not here to debate over anything…….. but I am an architecture lover…… I must say that Dubai is a very fascinating place………….BUT……. I must say it’s a bit too artificial…….it’s as if it’s been built out of a toy set…the place seems to have no ROOTS..no actual culture..seems a bit fake,doesn’t it?
But I sure hope that I get to visit the place someday…especially the building with rotating floors…..:)

very intersting info,,i find it amazing that so many find dubai a boon ,so great, and amazing ,,, yes some crazy buildings,,but seems the positive spins of opinions are from possibly arab heritage ?? yes a city thats more open minded,,a great place with jobs ( at 1 time) get a clue ,, the western countries have known that freedom and joy for generations !!!

hey ermira ,, its far from my dream !! hahah i like to fish at a lake, sipping my beer ,,maybe even skinny dipping with my girl !! ohhh dont look we might get put in jail !!

Dubai realmente é uma cidade explendorosa, acho que muitos que lerem isso não irão conpreender, mas é que sou um brasileiro que me admiro com a cidade de Dubai.

some one use to told that heaven is beautiful but I must say Dubai is heaven.Its speechless and its wonder I am fan of Dubai and trying to be there very soon and I am happy that I am now in Abudhabi near from Dubai.

Dubai its speechless and its wonder for me we cant believe that places in this world are this much beautiful I am proud to visit Dubai and work in Abudhabi.I wish for Dubai to becom number 1 in the world.

PEOPLE PLZ VISIT THIS SITE:
http://www.independent.co.uk/opinion/commentators/johann-hari/the-dark-side-of-dubai-1664368.html

it will make you think twice. muslims country is the worst..

Dubai I love Dubai

WOW… wow wow..to the ~~ The Dark Side of Dubai

já fui em dubai é lindo e irei de novo se deus quiser
abu dabi também é lindo

BECAUSE THE OIL TANK UNDERGOUND WILL BE EMPTY IN THE FUTURE, THEY STARTED TO TRY ANY WAY TO TRANSFORM THEIR INCOMES

dubai very nice and beautiful city
and shikh mohammed ben rashed is agreat man becuse he made this city and made it great
i want to send my regarrdes to hem ands GAD bLESS HEM

@dhabidad this is going to be rude but to be honest you are the stupidest most ignaurant person ive ever heard and no abu dhabi will not buy half of dubai and iran will not buy half because dubai is a province of the uae so if sheik muhhamid bi rashid al maktoum does fail which he wont then a new sheik would be put in his place and not like its a lot up for sale so next time do some research before you speak and once again no one can say the bubble burst because debt is the most common thing in the world right now so technically 10 billion is very small compared to the US, Russia, China, and ect.. so please dont talk about something you dont know about

I do not know the meaning of URL. so I did not wright it okey I LOVE DUBAI TO THE CORE……………………

LOL!!!!1

Mark … yah its not allowed to kiss ur wife in public coz if we will let u do that ur ganna have sex in public as we can see in ur country …btw maybe we pay for salik but we dnt pay for taxes —>>> thnx god …

July 9, 2008
S.J @ 9:59 pm

Your growth is attributed to your costs. Using near slave labor equates to larger profits. Thus, contributing greatly to your bottom line. Paying foreign nationals (i.e Bengali, Indians, Nepali, Philipinos, and others) for cheap labor roughly $500 per month to work up to 84 hours a week, maybe having friday off or one friday out of the month. I almost forgot to mention the housing benefit that you offer. A 1-2 bedroom apartment in the slums, comfortly housing 4-12 men. I know this info because I have visited Dubai on numerous occassions visiting friends and the country. I have read reports and watched numerous correspondance on these attrocities. But I guess its must be alot worse in their country of origin.

Nevertheless, You exploit these people and their situations.

I too would grow that at that rate if I did not have to pay competitive wages and no benefits besides a RT ticket back to their country of origin. Who do you think is building the Burj Tower? Not Emirates citizens.

That is your opinion on the US but at least we treat people with respect and decency and not as drones or animals. Gas prices have varied greatly within the last few years, however, our prices are considerably much cheaper compared to some European countries. For example, in Germany 1.21 euro will get you one liter of diesel, multiply that times 3.785 and then do the U.S$ (1.31)conversion and you have one gallon costing $5.99 a gallon.

BTW what are you doing in the U.S? Studying? Business meeting? Or just enjoying the wonderful Chesapeake Bay?

God Bless America!