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Simply the truth
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 15 March 2009
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Results 1 to 6 of 6
Posted on Monday, 8 June 2009
Simply the truth
Posted by WILDYUVAA at 08:01 UAE time
i don't understand like the rest of the commentators which is "Truth"
he is talking about???. Accepting the truth is not easy and simple it
requires guts to acknowledge the real problems and the expat people
are really fed up with these "bla bla blas" from these officials.
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Posted on Wednesday, 8 April 2009
why is it so hard to admit the truth?!
Posted by SoNotHollywood at 00:58 UAE time
I left Dubai on February 27th after losing my job as a stockbroker for the local Dubai Financial Market. I have watched day by day for years peoples fortunes reduced from literally millions of dirham’s to thousands and in some cases serious debt.
I still own property in the springs that I plan to return and rent out. Everyday I go to Dubizzle.com to see how much properties in my area are renting for, hundreds of listing being offered at lower prices everyday. Rent offers have been slashed by over 25% since I left a little over a month ago , don't even get me started on selling prices.
Yes we all knew this was going to happen, but no one including me thought it would happen so fast, its a spectacular crash, stocks trading at near 30 dirham’s are now trading at less than 3 Dirhams, over half the listed shares are trading at less than 1 dirham!
We all know this crash is real, weather we like it or not, things should come back to normal realistic levels.
Dubai shouldn't be one of the most expensive cities in the world, no reason for that what so ever. People moved to Dubai to save and make money, I hope this will be possible in the future, when it is, people might consider coming back, me being one of those people, for know its a waiting game.
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Posted on Tuesday, 17 March 2009
'Simply the truth'
Posted by paul at 12:47 UAE time
Did your journalist go into a DNRD department without official minders and discreetly talk to some people to get an idea of the ration of cancellations/applications? Did he find the airport security chief and deputy police chief widely quoted in the western media articles who confirmed a large number of cars being abandoned?
If you just want to interview an official and report his comments, then that is fine. But please don't insult our intelligence by putting 'Simply the Truth' as the title and implying that it is truth simply because it came from an official.
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Posted on Monday, 16 March 2009
Business as usual ?
Posted by Peter Peter at 15:15 UAE time
How can it be business as usual Mr Marri , when my business is down by 40% ?
How can it be business as usual when my friend , who early last year did not have time to sit down for a meal has had no new business for his interior design company since the last two months ?
How can it be business as usual when leading advertising agencies are not paying their suppliers , when even small invoices for a couple of thousand are going unpaid for months ?
How can it be business as usual when a friend's friend's daughter had her salary slashed by 30% by one of the leading property developers in Dubai and when the management makes everyone sign "non disclosure" agreements to keep this fact form becoming public ?
How can it be business as usual when crime is on the rise and at least two people I know have had their house burgled within one month - and this in a city where such things were unheard of ? Police admit that there are several gangs active and they are not able to get their hands on all of them.
So much as we would like to believe and hope that it is business as usual in Dubai , the fact is that it is not !
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Simply the truth
Posted by Duval at 14:11 UAE time
These comments seem very strange to me. Why is it that most Dubai Hotels are at a 40% occupancy. I was visiting Lebanon last week of December and saw flight full of expats leaving Dubai because they had lost there jobs. How can it be "business as usual" this is not the case. Okay there may have been some distortion of the truth.
You only need to look at all the cranes and lifting gear stood motionless with nothing to do. No one want to see Dubai strugling but it is in very real terms. I hope not for long but it certainly is. I have a good friend who is a very popular hair desser at one of the most popular hotels. Last Thursday and Friday included he had just six clients. Its dead he said.
Lets get real !! there are many countries suffering the effects of this situation we have to be realistic and cut our cloth accordingly. I do also agree that listening each day on the Media of Doom and Gloom does not help the situation. We all just have to change course a Little.
I was amazed watching Oprah last night were thousands of US citizens are living in tents because the banks have foreclosed on them and they lost everything. This is in sacremento one of the richest and most successful place in the USA.
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Transparency, honesty and truth!
Posted by Frank at 09:12 UAE time
We appreciate your honesty and the truth. What UAE and particularly Dubai needs is a sort of communication and informing the residence of UAE (including Media) about what is happening in the country. By doing that you will of course put an end to all rumores. Transparency, honesty and truth form any government are 3 essential elements to bring confidence to the people and market.
By the way Major General Mohammed Ahmed Al Marri you have done a fantastic job at DNRD.
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