Blessed Posted February 6, 2009 I think the credit crunch will proof to be good for Dubai, it doesn't feel like it now but speed of develpment was too fast, it was like being stuck in a whirlwind. This slow down was needed because they really have to take time out and put sme thought into their crazy plans. Also, because it’s global Dubai will not fall behind. I certainly appreciate the fact that renting a place is becoming easier and that tenant and investor rights are getting priority attention. They’re even starting to address repatriate debt. If the worse happens, Abu ‘Dubai‘ will make it better. Insha Allah. Piers Morgans recent documentary on Dubai it's a bit hmm. He focused on just one aspect of Dubai. http://www.youtube.com/watch?v=mCn8qjVVw_s Quote Share this post Link to post Share on other sites
N.O.R.F Posted February 23, 2009 Abu Dhabi just bailed us out. Good news :cool: Best day for Dubai market in three months Dubai’s main index rallies as much as 6 per cent after the emirate launched a US$20 billion (Dh73bn) bond programme, of which the UAE central bank subscribed to half. Analysts expect the gains to be sustained in coming weeks, as the news of the bond issue and Abu Dhabi’s recent announcement that it would inject Dh16bn into its banks are absorbed by investors. “This is a great response [to Dubai’s bond issuance news],” said Shiv Prakash, an equity investment analyst at MAC Capital Advisors. “We can expect more liquidity to come into the market and strong volumes across the board as well.” Analysts said while markets remained volatile, volumes were heavy and steadily rising over the past few weeks with bluechips including Emaar Properties and Arabtec expected to gain ground. Traded volume on the DFM rose to 929,714,169 today. “This should have a long term effect that will be good for the market; we are nearing new, higher resistance levels,” said Mr Prakash, adding that he believed the DFM’s general index could rise past the 1800 mark in the short term. Emaar Properties shares advanced 14.81 per cent to Dh2.17 today after falling about 9 per cent on Sunday following news that John Laing Homes, the firm’s subsidiary in the US, had filed for chapter 11 bankruptcy last week. shamdan@thenational.ae Quote Share this post Link to post Share on other sites
Dhagax-Tuur Posted February 23, 2009 The Vegas of the Desert my backside! Quote Share this post Link to post Share on other sites
N.O.R.F Posted February 23, 2009 Isn't Vegas in a desert anyway? Quote Share this post Link to post Share on other sites
