Dubai construction spree...

Discussion in 'Economics' started by 2cents, May 13, 2006.

  1. was there last week so, just thought the following snapshot could be of interest:

    a few pictures of the just announced bawadi project: click on 'in pictures'

    as for whats currently being built and already out there for the most part, this sums it up quite nicely...

    give it a couple of minutes to fully load, its worth the wait... then explore at your own convenience ;-) notably:

    and for a future coastline view: scroll down!

    PS: and lets not forget the new $33bio mega-airport, Dubai World Central, earlier expected to come online in 2008 for passenger traffic but..., and located in Jebel Ali at the other end of New Dubai, half-way between Old Dubai and Abu Dhabi

    and to be linked to the old Dubai International Airport via the under construction Dubai Metro, coming online in 2010:

    lemme know if i've forgotten anything :) ah! glad i asked! here are a few recent aerial pictures
    just to give you an idea...

    PS2: where to stay? Park Hyatt, and nowhere else... and here's the only guide book you'll ever need...

    welcome to New Dubai!

    cheers all!
  2. jerryz


    can you get good deals for a house there? or is it priced similarly to houses in nice neighborhoods in the U.S.?

    also, when you buy a house there, do you own the piece of land too or do you just have a lease that expires after you die?
  3. Imagine


  4. jerryz


    that 2 bedroom apartment is GBP273,000 which is about US$500,000. that's not exactly cheap for a 2 bedroom apartment.

    i mean come on, you're all the way out there in Dubai.


  5. cars are like twinkets in dubai. i have heard that when residents have a fender bender, they just walk away from the cars. the govt insurance purchases them new ones. can anyone verify this?? hopefully, these guys will attract enough tourists to support the vision, i love seeing stuff like this!

  6. I'm currently living in Doha, Qatar.... another boomtown in the region. Any traders out there living in the Gulf region? US Markets open at 4:30PM... nice time to trade the open then head out for supper. Also looking for opportunities to trade the regional exchanges. Lot's of volatility recently.
  7. reporting that a large number of people there believe Osama is "probably back home in the U.S." lol.

    Site is kinda hard to load for some strange reason.
  8. fun but... i don't think thats representative of dubai / the emirates...

    qatar's another interesting place... they'll host the asian games this year... loads happening in the gulf / gcc area...
  9. When I think of Dubai: Congress Letter

    Dubai, which owns and controls the acquiring company in this case, has been named as a key transfer point for illegal shipments of nuclear components to Iran, North Korea and Lybia..."

    "According to the Congressional Research Service, many U.S. officials believed that al Qaeda activists have spent time in the UAE. In fact, two of the 9/11 hijackers were UAE nationals (Fayez Banihammad and Marwan al-Shehhi), and the Federal Bureau of Investigation claimed the money used for the attacks was transferred to the 9/11 hijackers primarily through the UAE's banking system. Furthermore, after the 9/11 attacks, your department complained of a lack of cooperation by the UAE and other Arab countries as the U.S. was trying to track down Osama bin Laden's bank accounts."


    A totally legit area of the world.

  10. can you direct me to info on the financial markets there and how to access them from U.S. .

    i have a strong interest to visit and check the place out first hand!


    #10     May 14, 2006