More than half of the residential and commercial property projects in Dubai due for completion by 2012 have been put on hold or cancelled, a study says. Property company Jones Lang LaSalle says a lack of funding, job cuts and a fall in population are the cause of the delays and cancellations.
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Ostaad - Me and the Gulf
by Mehdi Mazloom on Sun Mar 15, 2009 08:00 PM PDTDue to the controversy between the Arabs, who call it "The Arab Gulf", and the Iranians who call it "The Persian Gulf", the Name Gulf was coined and used by those who wish to stay neutral on this conflict, and let each reader to decide for his own the prefix name to go with it.
.
Nice picture JJ!
by Anonym7 (not verified) on Sun Mar 15, 2009 07:58 AM PDTgood smile JJ, good too see your smiley!
,,,, best regards
Mehdi Mazloom,
by Ostaad on Sat Mar 14, 2009 11:54 AM PDTIn spite of your preference for Arabic names, such as
your alias, do you think you can train yourself to use "Persian Gulf"
instead of the bogus name "Gulf" in your posts?!
Remember you're on a site called
"iranian.com" not "arabian.com".
It's not all that bad. Except for the people who lose their jobs
by Ostaad on Sat Mar 14, 2009 11:53 AM PDTHigh rents play havoc with creation of startup in any economy by keeping the entrepreneurs who need to spend their capital on hiring talent, R&D and marketing instead of rent. I sympathize with those who have lost their job in Dubai and, according to the laws there, must leave the Persian Gulf city-state within a month of getting the pink slip. I have absolutely no sympathy for the property flippers and speculator no matter where they come from. But I'm sure low rents will provide huge opportunities for the startups, whose creation is vital to the continuation of the economic progress in Dubai.
As far as the workers specially the Asian mirgrants involved in construction jobs are concerned, Dubai is a typical sweatshop and has ways to go to catch up with the civilized world.
Combination of Factors
by Anonymous Observer on Sat Mar 14, 2009 08:26 AM PDTWell, it was inevitable. What goes up (actually the correct phrase for this situation would be “soars so quickly”) must come down. The people who got crewed were the ones who jumped on the real estate bandwagon too quickly. I made that mistake in the past few years in the U.S. booming real estate market…and well, let’s not go there, because I may jump out of the window!!!
It was also partially UAE’s government’s fault. Part of the real estate boom was because of Iranians and other nationalities who saw real estate purchase as a means for a quick permanent residence permit in UAE. But the government changed the law recently and took that automatic grant away, thereby taking the incentives away for foreigners to buy real estate in Dubai.
And lastly, of course, we have the global economic meltdown.
This was the perfect storm in a sense…
UAE economic model=post-petrol world
by CyrusR (not verified) on Sat Mar 14, 2009 02:21 AM PDTHaving visited both Iran and UAE, as well as seeing Europe, Japan, China, and Malaysia, and living in the U.S., let me say that, yes, indeed, once the oil runs out, all of those exporters of this non-renewable resource, will be out of luck.
However, Emir Makhtoum of Dubai, has had a decent plan for his emirate since the 1970s, which has to some degree been successful. It is predicated on the idea of economically diversifying for a post-petrol economy.
You have to give credit where credit is due. They have no large land-mass, or large population, or agricultural uniqueness, so he has tried to become a trading entrepot for the MidEast.
They've attracted millions of expatriate workers from all over the world, who've sent billions of dollars back to their homes. And, in the end, there are a lot of creative types, even from Iran, Lebanon, Syria, the Palestinian diaspora, etc, who seem to flock there in the tens of thousands. WHY?
That is the question, why have millions moved there and not, for instance, Kish Island, or Jebel Ali Free Trade Zone, or various so called free trade zones, like Gwadar, Pakistan? Or oddly enough in Louisiana, USA?
Location, location, location! Dubai lacks a lot but it is right between Southeast Asia, East Africa, Iran, and Saudi Arabia....Iran ought to learn from this, reinvest in infrastructure and money will come.
Toofantheoncesogreat - I am glad you clarified
by Mehdi Mazloom on Fri Mar 13, 2009 03:39 PM PDTI could not agree with you more. maybe it is my lousy English. The way I read it, you seemed to bash a leader which 25 years ago had decided to break the old dogma, and try new product other then religious fundementalism.
He took a gamble and won.
Yes I do agree with most of your last reply.
All the best
RE: Mehdi
by Toofantheoncesogreat (not verified) on Fri Mar 13, 2009 02:48 PM PDTIm not shure if you got my post properly, but I was talking about all of the "arab" countries south to Iran, surrounding the Persian Gulf.
Facts cant be denied, these countries produce no science, their culture is Islam and Islam alone and have this fake presumption that the middle east is still run from Mecca, when was the last time you saw a film from Saudi Arabia winning a foreign movie award, for example? They have no industry other than oil exports, no military industry, they have set up a tourist location that is expensive, in a conservative region that does not attract to European travelers whom hold most of the cash. If you believe Iran is being harsh against its own people and human rights fighters, go visit these countries for a while.
Right now? Yes Mehdi, they are living pretty well, better than Iranians. Does it make them good leaders? Not for a second, they have NOTHING to offer because they dont prepeare for the future. When a state has 4 million inhabitants and sells oil to feed 25 million, then yes luxury will be there, but as I said in my first post, it will not last. The region south of Iran will be turned back into what it was before oil exploration started there by the british when oil runs out. Thats my theory. You really believe that anglo saxon Europe is going to cooperate with these "tribes" in the future when they will have nothing meaningfull to offer? That their companies will sell and buy banking services and property down there? Or that Dubai and KSA investments in an economically destroyed US will hold their head over water in the future?
Iran, Indonesia, Turkey, Brazil are the countries of the future.
wrong assumption
by Mehdi Mazloom on Fri Mar 13, 2009 01:48 PM PDTquote:
Dubai like these other Persian Gulf states have nothing industrial/cultural to offer. They buy everything, even the culture, and make this fake tourist environment
I am very sorry for your twisted view on Dubai. When any leader throughout Arab & Muslim states decides to move his country from a 7th century backwater into the 21st development, then, according to you "he has nothing to offer".
If I say something to that affect, people will blame me for Muslim bashing. Nonetheless, I will address that unfortunate comment notwithstanding.
This is the exact problem throughout the Islamic state - stuck in the 7th century era. Allow small group of religious fanatics to control the lives of hundreds of million of innocent Muslims.
What about Saudi Arabia, or Kuwait? don't they also "buy it" (whatever they need to have a better quality of life) from the west?
Shiekh Muhammad bin Rashid of Dubia buys the type of technology and know how from where it exist. Unfortunately the Gulf region is no longer the place where anything of value, can be bought.
They did a good job
by MRX1 on Fri Mar 13, 2009 10:12 AM PDTThey built the whole city in the middle of dessert with the money that was primarily stolen by mullah's and aghazedh's. Mind you the Money that belonged to Iranian people. Now if they decide to rip off these bunch, more to them. it's a case of thief stealing from another thief.
Off course
by Toofantheoncesogreat (not verified) on Fri Mar 13, 2009 07:32 AM PDTDubai like these other Persian Gulf states have nothing industrial/cultural to offer. They buy everything, even the culture, and make this fake tourist environment that is extremly expensive. The fall of these countries will be worse when oil and gas goes empty in the region, sadly for their peoples.
اخراج ايرانيان و مصادره اموال آنان دردبی
وبلاگ azaus (not verified)Fri Mar 13, 2009 05:38 AM PDT
2009 Thursday 12 March
اخراج ايرانيان و مصادره اموال آنان دردبی
وبلاگ azaus
در طي چند ماه اخير خبر هايي مي رسد مبني بر اخراج ايرانيان و مصادره اموال آنان دردبي. زماني که دبي هيچ نبود ايرانيان در آنجا سرمايه گزاري کرده و باعث پيشرفت آن کشور شدند. دبي قديم خالي از سکنه , مسکن و... بوده.
عربها طي يک برنامه ريزي زيرکانه دراز مدت نقشه آن را ريختند که با سرمايه ايرانيان کشور خود را آباد کنند که البته موفق نيز شدند. آنان به مردم ايران وعده دادند که اگر مسکن بخريد اقامت مي دهيم. با استفاده از اين ترفند خانه هاي خود را ساختند ولي در قراردادهاي خود آن را طوري واگذار کردند که نهايتا باز خود آنان مالک باشند.
اكنون با گذشت پنج سال، دولت امارات در سياستي کاملا ضد ايراني، هزاران نفر از کارگران و کارمندان ايراني شرکتهاي گوناگون را از اين کشور بيرون کرده و در قانون سختگيرانه، حق ثبت شرکت توسط ايرانيها را در منطقه آزاد ممنوع و اجازه اقامت دايمي را براي شهروندان ايراني به طور کل سلب کرده است.
در اين ميان، جالب است بدانيد که بيش از دو هزار نفر از کساني که آپارتمانهاي دوبي را خريداري کردهاند، بارها تقاضاي رواديد عادي آنها در بخش مهاجرت سفارت امارات برگشت خورده و اين در حالي است که اموال و آپارتمانهاي آنها در امارات رها شده است.
ولي اين پايان سناريو تلخ نيست؛ يکي از بندهاي قرارداد انگليسي، خريد آپارتمان در دوبي ميگويد: صاحب اين آپارتمان تا هنگامي که زنده باشد، مالک آن بوده و پس از اينکه فوت كند، آپارتمان جزو اموال عمومي در دوبي به شمار ميآيد.
اين نکته را کارمند ايراني يکي از بنگاههاي معاملات ملکي در دوبي در اختيار گذاشت و ميتواند شوک بزرگي به ايرانيان صاحب خانه در دوبي وارد کند.
از طرفي، با توجه به قرارداد 99 ساله ساخت پروژه ملک و زمين در دوبي، عملا پس از گذشت زمان مورد اشاره، هيچ ملکي در امارات در مالکيت صاحب خصوصي نيست و پس از اينکه دبي با سرمايه ايرانيان دبي حال گرديد متاسفانه اماراتي ها پس از طي يک بازي اطلاعاتي اموال سرمايه گذاران ايراني را مصادره و آنها را با جيب خالي و پابرهنه از امارات اخراج ميکنند.