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Last Updated: Mon, Apr 27 2015 | 3:58 PM |

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22

What on earth is happening in the Dubai property market?

These are strange times for anyone involved in the Dubai property market. And anyone living in the emirate, by virtue of either renting or buying, is involved. We all agree prices are falling — but how...

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Posted by: Zoher Apr 27, 2015 6:44 PM [UAE]

Agree. Fees and fines are constantly being increased felt in almost every sector, (Real Estate, Construction, Mnfrng, Business operations, Personal services), its getting tiring, cautious on long term, pockets need to get deeper for business to generate more revenue and individuals to get paid better, both becoming significantly challenging in an ever competitive market with increasing regulations and policing. That also maybe hurting real estate investments. An advise to R/Estate agents, don't hype the rentals, focus on tenant expectations.

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6

Mobile phone number sold for $2.2m in Dubai

A UAE mobile phone number was sold for just over $2 million at an auction held in Dubai.Bidding for the phone number 052-2222222, which was being sold by telco du at a special auction, lasted well over...

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Posted by: Shehryar Khan Apr 27, 2015 6:44 PM [Dubai, U.A.E.]

This is beyond ridiculous, its times like these when hope in humanity is totally lost. A huge percentage of the worlds wealth lays in the middle east and these are the kind of people that posses it, kind of makes you wonder how unfair life really gets.

But then again, who am I to judge. Money talks.

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1

Kuwait puts freeze on expat population

Kuwait has frozen the number of expatriates in the country, according to Kuwait Times.New foreign workers will only be granted visas to replace exiting expats.Kuwaiti authorities have struggled to deal...

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Posted by: ahmed Apr 27, 2015 4:56 PM [UAE]

New foreign workers will only be granted visas to replace exiting expats? Isn't that how positions are filled currently, so how will this decrease the number of expats in the country? If anything, the way they will decrease the expat population is by continuing their anti-expat policies. Kuwait was voted one of the most unhappiest places on earth and for many reasons - even the locals were voted the least happiest in the Middle-East. Has the GCC never heard of visa quotas? The UAE would benefit greatly from a visa quota system.

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5

Underwater tennis stadium: the latest Dubai project pitch

A Polish architect is pitching designs for an underwater tennis centre off the coast of Dubai and is currently seeking investment from local backers to make the concept a reality.Krzysztof Kotala, who...

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Posted by: Talih Apr 27, 2015 4:54 PM [Canada]

I agree with Frank, it looks good in picture but its nearly to impossible to engineer.

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5

Qatar Airways shareholders considered dissolving the carrier in 2009, US dossier claims

Qatar Airways shareholders considered dissolving the airline five year ago, amid mounting liabilities, according to a new dossier released by US airlines.Delta Air Lines, American Airlines, and United...

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Posted by: Allan Schoenherr Apr 27, 2015 4:53 PM [United Kingdom]

I've got to agree with Steve here, rather than spending all this time and money on this exercise why not spend it improving the service of US carriers so people actually want to fly with them. Quite frankly the service (in flight and on the ground) from United was some of the worst I've experience, which includes flights on airlines such as Belavia, Cubana etc. Why is it so hard for carriers such as United to treat their customers as something a little higher than cattle? Ground staff at Houston can be a disgrace at time.

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4

Crown Prince issues new law to regulate use of bicycles in Dubai

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has issued a resolution to encourage more people to use bicycles as a means of transport in the emirate by making it safer and more...

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Posted by: turk971 Apr 27, 2015 4:51 PM [uae]

Did you miss this part "The resolution also tasks the Dubai Road and Transport Authority (RTA) in establishing, maintaining, operating and using bicycle tracks as well as security and safety measures, signage boards, and establishing the terms, regulations and technical specifications for bicycles in Dubai."? Of course I don't want anyone on bicycle at a 5kph speed on my path when I am driving, would you? When RTA has created the bicycle dedicated tracks as tasked, then yes this will definitely promote cycling where people will be confident they are safe unlike now where they are cycling in normal roads where cars are travelling at more than 60kph speed. You must have heard of the cyclists being killed recently because of this.

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2

British boxer David Haye held for bouncing cheque in Dubai

British boxer David Haye has been accused of bouncing a cheque for nearly half a million dollars in Dubai and has reportedly had his passport confiscated by Dubai Police as they investigate the matter...

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Posted by: juergen Apr 27, 2015 12:59 PM [Germany]

this has got to stop...

it is irrelevant if it is true or not true.

Many innocent people get swept up in so called check fraud.

If this is true and it is an error, the person responsible should spend double the time in jail his or her name splashed on the news and be subject to compensation.

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4

Dubai hotels face new challenges as occupancy, rates fall

Declines in tourists from Russia and tougher competition from the likes of Egypt and Lebanon led to a decrease in occupancy and rates at Dubai hotels in March.According to STR Global’s preliminary March...

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Posted by: 2fillsworth Apr 27, 2015 4:50 PM [UAE]

Everyone seems to be missing the big picture here. Dubai needs more hotels (mainly 3 & 4 star) as the current occupancy levels (above 80 percent) are resulting in hotel room rates which are becoming more and more expensive, reducing the appeal for a large number of tourists.

Yes, the slow down in Russian visitors and an increase in supply this year will have an impact on occupancy levels, reducing it down to between 75 and 77 percent, but these levels will still be well above most global cities.

Dubai's hotel market is entering into a new phase of development which will see it mature with a greater number of mid-market hotels, increasing the appeal from both transit travelers and end tourists. The target of 20 million visitors by 2020 is easily achievable especially given that the market has been above the annual target growth rate to achieve this level for a number of years.

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7

Revealed: How a millionaire’s mind-set is different than an average person’s

Few would pass off the chance to become a millionaire. People sing about it, write about it, and dream about it. Yet few know that getting the big bucks has more to do with your mentality than anything...

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Posted by: Raasul Gul Apr 27, 2015 4:50 PM [Pakistan / UAE]

Excellent article. I agree with #1 that millionaire mindset discussed by the writer believe you have to be someone rather than something. For example, you have to be in the top 2% - aim for it and get there by hook or crook, or die trying.

#8 is also so true for the filthy rich. Be selfish and build your health, by extortion or coercion.

Once again, excellent article. We need more of that in UAE.

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18

Nakheel PR: The toughest job in Dubai?

Property developer Nakheel is advertising for a new PR manager.Ironically, the vacancy was published in the week Nakheel chairman Ali Rashid Lootah said of disgruntled investors in the stalled Palm Jebel...

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Posted by: noor halim Apr 26, 2015 2:56 PM [UAE]

my sister just bougt a 2 b/r appt in al furjan priced at 1.8 million, now they find venomus spiders in their hood, not to mention there's no exit there, you have to drive all the way to the end to make a U turn.

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