Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} No one ever expected that Dubai that was some time ago a desert, will in the future emerge that distinctly among the highly developed and appealing places of the world. Dubai has exceeded to the advancement levels in term of all the facilities one can think of. Today investing on Dubai Property is the best option for those who love to earn secure high returns on their investments. Dubai is emerging as a focal point for business opportunities and tourism attractions. The continuing improvement in economy put a positive impact on Dubai property than in any other market of the words. This is why the majority of residents holding a job can get visa to stay in Dubai. Thus a better economy is not only resulting in more and more jobs but also flourishing population of Dubai. And consequently this constant growth in population is getting higher the demands for Dubai property for sale. Dubai property is compellingly economical at the present and offers a fine prospect to buy and thus foreign investors are persuaded to invest in Dubai property. With the lowest possible prices the choices available to buy property in Dubai are like never before and the return on investment is very worthwhile. Nowhere in the world at present propose the same opportunity for real estate as in Dubai. The European Business Center is a trademark building. This contemporary office project with space on six floors and secured underground car parking spaces is the first building offering Western European office standard in Prague. The project finished in 2006 with the successful sale of the building to the Hunter Fund. The architecture of the European Business Center shows a perfect blending of old and new styles. While the momentous facade has been preserved, at the back it is an exclusively new building, thus offering a blend of a celebrated, mansion style exterior and contemporary interior specifications. The European Business Center offers an exceptional opportunity for a resident company to highlight its corporate individuality without doing any compromise on competence. There are many well-known Business Centers that provide a wide range of fully serviced offices Dubai facilitated with conferencing and meeting conveniences. These Business Centers offer elegant and fashionable furnished offices of diverse sizes and capacity, with all Office services like personalized telephone answering, elegant visitors’ receptions, and speedy internet access, superior telephone and voice mail system, and much more. These Business Centers are the places where the outstanding technology and competence is shared, with gracious staff and extremely skilled human resources, truly interested in making sure the comfort and easiness of customers. If an investor can obtain elevated profits on his investments in a safe setting then this is exactly what is required, and this is the reason why investors from all over the world are enthusiastic to buy Dubai property. An investor with business wisdom can do good judgment that owning property in Dubai can be quite money-spinning in the long run and it is assured that the cost of property will be sky high in future. Dubai is emerging as a focal point for business opportunities and tourism attractions. Dubai property is compellingly economical at the present and offers a fine prospect to buy and thus foreign investors are persuaded to invest in Dubai property. Nowhere in the world at present propose the same opportunity for real estate as in Dubai. The European Business Center is a trademark building. This contemporary office project with space on six floors and secured underground car parking spaces is the first building offering Western European office standard in Prague. There are many well-known Business Centers that provide a wide range of fully serviced offices Dubai facilitated with conferencing and meeting conveniences.
The city of Dubai is quite easily one of the most well known in the Middle East, if not the world. Each and every day thousands of travelers arrive and leave this bustling emirate. The city has been built on a vision with the key purpose of making it a business, financial, tourist and leisure destination. The promise of a warm climate through most of the year makes it a good spot for a summer residence and many expatriates, especially Britons, have been attracted to the region for this very purpose. They may come here on work contracts and decide to stay on. Of course, all this has been made possible with the passing of laws in 2002 allowing foreign investment in freehold properties. The presence of wealthy clientele and the world’s best amenities are other factors that make this a good investment opportunity. One of the great attractions that brings expatriates and migrant workers to the land of Dubai is the tax free environment. Compared to their home countries in which competition for jobs is tough and salaries are taxed at source, a job in Dubai allows them the luxury of spending it all or sending it home without any deduction other than remittance charges. Countries in the Third World look to the Middle East as a good and reliable source of foreign exchange earnings through workers’ remittances sent in Dirhams or converted to the local currency upon reaching the home country. It also puts less pressure on the local needs to provide jobs back home. Given that electronics, cars and other items of luxury are available at most places on easy terms, even the average worker can enjoy a good lifestyle in Dubai if he or she can afford to do so. Many single people living alone in Dubai have been known to live like this, alas having no savings for themselves or for others to fall back upon when faced with unemployment or other hard times. For those who want to come to Dubai for a holiday, there is no shortage of hotel in Dubai and the only factor is the kind of facilities you want and the amount you are willing to pay for them. Everything from a one day stay to longer duration is available, ranging from villas to furnished apartments. In fact, Dubai hotel apartments are the first choice, as they usually have pick and drop services from airport to hotel and vice versa, with breakfast deals included. Those interested in Dubai short stay can rent a Dubai hotel apartment, a Dubai holiday apartment , a villa or even the stylish Marina Hotel Dubai. Tourists guide brochures at the airport, or available from any good bookseller or magazine vendor, inform tourists of the vast array of ways in which they can entertain themselves. And there is always the magic of a desert safari or shopping at the malls, where one is treated to the best international brands available. Clearly there is no shortage of things to do in Dubai.
Dubai Apartments Rentals, Dubai Villas Rentals and Dubai Hotels Search has been made easier by Just Rentals Dubai, the largest Dubai Property Rental Portal in UAE. Visit Just Rentals Dubai portal when looking for apartments to rent in Dubai, Dubai furnished apartments Dubai offices or Dubai hotel apartments. We have most comprehensive Dubai rent listings and can help you in finding rent in Dubai or book Dubai hotels online.
Over the years, there have been a number of positive changes in Dubai’s real estate sector. One of the most important developments was undoubtedly the 2002 ruling that allowed foreign ownership of properties in freehold areas of Dubai. This was followed by the enactment of a law that made escrow accounts compulsory for those Dubai developers selling off-plan properties. These accounts provided significant security to buyers, instilling in them greater confidence to invest in Dubai real estate. In consequence, Dubai property sector matured rapidly. Some signs of a healthy and mature real estate market are stability in property prices, increased transparency in real estate laws, protection of investor’s rights and greater competition among developers. With all this being implemented, Dubai real estate sector was bound to attract a substantial amount of investment. Dubai has become well known all over the world for constantly introducing world class projects that offer unique opportunities, strong mass appeal, and high returns with a mixture of excitement and enthusiasm. Efforts by the Government of Dubai to establish a regulatory framework through Real Estate Regulatory Authority and Dubai Land Authority that addresses company laws, financial laws and real estate laws has given both private and institutional investors greater confidence in investing in Dubai. As always, a solid regulatory foundation is critical to encourage foreign investment anywhere. The rulers and Government of Dubai have always sought to promote a strong natural association between Dubai and luxury. As a result most real estate developments from hotels to resorts to apartments and villas have focused on the premium segment of high net worth individuals and families. Additionally, with the increased land and construction costs in Dubai, developers have chosen to develop projects at the luxury level to make them more economically viable. Research has proved that there exists strong end-user and investor demand for lifestyle themed projects both locally and internationally. For instance, golf and waterfront projects have tremendous lifestyle appeal and consequently have become a significant part of Dubai’s development strategy. These luxury custom homes on the waterfront or in exclusive themed localities come fully landscaped providing such elements as resort style swimming pools, manicured gardens, outdoor seating areas and expansive patios for dining and entertaining. With a large number of villas already sold out, it has created a successful impact on those buyers who are looking for a unique property roposition. Representing the wave of the future, resort homes provide residents with the experience of living in a first class resort all through the year. These homes have been designed by architects, interior designers and landscape planners from the hotel and resort industry. So the quality of finish and attention to detail in these resort villas could very well be compared to those found in first class hotels or resorts. To complete the overall experience, these villas come with a dedicated concierge service. It is these features that will distinguish resort homes from conventional housing. Coldwell Banker is one of the oldest real estate firms in the world. The company was formed in 1906 in the USA and takes its name from the partnership of Colbert Coldwell and Benjamin Banker. Today it has an international presence in most of the world’s real estate hotspots. The firm’s commitment to customer service and professionalism continue to be the cornerstones of its business philosophy. We believe that our progress depends upon yours. Do contact us if you are interested in investing in the Dubai property market, buying or selling in the Dubai real estate market, or want to rent property in Dubai for the short or long term. At Coldwell Banker, we know the importance of Home in one’s life. When it comes to Dubai homes listing, we don’t have any match. Whether you are looking homes for rent in Dubai or homes for sale in Dubai.
One is often stuck for leads when looking for buyers or sellers in a down market. But it is easy to overlook some of the most obvious sources, simply because we do not keep our eyes, ears and mind open. Consequently a number of opportunities can be lost. If you had not previously considered joining the local real estate investor’s association in your area, now would be a good time to do so. At least you will get a good sense of where the market is heading. This can alternatively also prove to be a useful outlet for networking with other investors. However the most overlooked source for getting property information is from other people, including former clients. So make it a point to contact them once in a while and find out how they are doing. Hopefully they will keep you in mind if they hear about anyone wanting to buy or Dubai property sell. Sometimes changes take place in people’s lives that create a need to sell real estate assets. Quite often other people have exactly what you are looking for and have a need to sell just when you have a need to buy. Maybe they have too many properties in their inventory, or need to liquidate properties to free up funds for another business. It could also be that expected financing did not come through as planned. There could be a need to relocate to another part of the country, or they didn’t do their homework prior to purchasing and are in over their heads in mortgage debt or some legal crisis. Sometimes the reason for relocating could be very personal, such as a marriage breakup or failing health issues. Some of our best leads came from satisfied clients, and we did not even have to get involved in a bidding war like an auction. The hardest part about buying properties from people you know is the price negotiations. Your first reaction is to be more than fair, but as a businessman your only concern should be about earning a profit. The investor is a grown person who is responsible for his own actions. You did not put them into their current situation- however you could assist them in correcting it, as long as it is profitable and makes sense to you. This relates to some investors in UAE property today. If they state that they want to sell the property only to pay off the outstanding loan balances, ask them for the amount of the outstanding balances. If the numbers make sense for the intended use of the property, you can move forward with other the parts of the deal. However, if the payoff balances seem to be abnormally high, tell them that it is their problem that so much is owed against the property, not yours. Some people will make it a practice to borrow out all of the equity in a property, and then try to sell the property for just what is owed against it, leaving the next owner with a property with no equity, because it was purchased at full value. In this case you should find out the facts and then only paying what makes sense according to your intended use. This has happened to some investors of Dubai property. People who use methods to purchase property under the pretext that they’ll buy the property at your price, but their terms often find themselves in a fix when later they want, or need, to sell but usually can’t without taking a major loss. They get all caught up in the excitement that they discovered a way to purchase a property with no money down, and perhaps even pulled money out up front, but neglected to realize that if everything did not go as planned, or ever considered reselling before sufficient equity was gained in the property, they owe every bit of what the property is worth, and perhaps even more. You should consider buying from them when they need to dump their inventory. Coldwell Banker, UAE is one of the oldest and most experienced real estate firms in the region. The company’s origins date from 1906. Under the umbrella of Realogy Corporation, NJ the firm’s diversified but related business interests cover everything from real estate brokerage to relocation, feasibility studies, evaluation and market analysis to concierge and title services. So contact us today to see of how we can be of help to you. We can assist in buying or selling, renting or leasing of both commercial property Dubai and residential property. So whether you are looking for Dubai homes or Offices in Dubai, do give us a chance to serve you. Invest and manage Dubai real estate with the region’s real estate leaders. Coldwell Banker helps you invest in Dubai properties and buy, sell and rent Dubai property. With a team of industry professionals Coldwell Banker caters to all your Dubai real estate needs.
One thing that is clear is that Dubai is certainly at the crossroads between success and failure. Its development model, in the opinion of many, has been questionable with too much efforts concentrated on just three elements- housing, tourism and convention centers. The second part of the problem regards the excessive development that has been done in each, especially hotels and housing. Owners will undoubtedly have their hands full just making sure to get full occupancy in each of these hotels. The sheer number of developments means that competition will ensue, and while the customer will gain, investors will have to wait a long time to recover their investment. Dubai has gone through many crises in the last year. The real estate slowdown was followed by the loss of jobs, salary cuts and freezes on bonuses, increments and hiring. After the migrant workers and expatriates had left, it affected the whole economy right down to hotels, rentals and shopping. The Dubai World debt crisis further deepened the malaise. This has been followed by a credit crunch by the banks and free fall in the stock exchange. Now efforts are being made to revive the economy, with a loosening of credit control, landlords reducing rents and hotels reducing the room charges to ensure some level of occupancy. In the recently concluded Dubai Festival it was noted that stores were offering deeper discounts and more prize winning draws just to get a good level of business. Excessive levels of development mean that there is no shortage of decent hotel accommodation, from furnished to unfurnished apartments for rent in Dubai, holiday villas for rent in Dubai for the short or long term. The hope is that with the opening of credit facilities, the construction and real estate sector will be revived. Already this sector has shown some movement, as some firms have merged and others have resumed operations with new work teams and management. There is also news that two UAE-based developers, namely Bonyan International and Cayan Development have started repossessing units from defaulting customers after having given them grace periods of between six months to one year. The delinquent customers had shown no signs of paying up. Meanwhile the recession was also affecting the continuity of the projects. The repossessing companies had gone through the entire process as stipulated by RERA (Real Estate Regulatory Agency) in order to repossess the delinquent units. Such corrections are bound to bring a level of respectability for the law, as well as root out the unscrupulous investors. In the long run it will be good for the reputation of the emirate. Dubai Villas for Rent and Dubai Apartments for Rent continue to be offered at varying rates depending on the location and the types of amenities available. While the real estate market has shown signs of stabilizing, with selling rates remaining stable for the first quarter 2010, the excess of 25,000 to 30,000 units in the residential sector will definitely bring the market down- or keep it from rising beyond a certain level. Office rents too will have to reduce to entice businesses to come and operate in Dubai. At one point there were 300 new businesses opening up every week, but this is no more the case now. Clearly there is much work to be done before Dubai can revive itself. With team of Professional and Experienced Real Estate Agents in Dubai, We strives hard to meet your Dubai Property needs. Dubai Real Estate Brokers or Dubai Real Estate Agencies can contact us for the services that we can offer them. We have a dedicated team of property consultants in Dubai or listing agents in Dubai to cater your Dubai real estate needs.
Renting an apartment is one of the easiest ways to solve the problem of living accommodation in Dubai. Even the local landlords are cashing in on this trend, buying properties and then renting them out to earn consistent income. Such rentals for apartments are usually decided on a yearly basis. Thankfully there are laws limiting the maximum raise that the landlord can charge each year. But even if you are in Dubai for a short term holiday, ranging from a one day stopover to a week or at most a month, we will be able to find suitable accommodation for you. You can get your visa stamped on arrival at the airport and then check into a hotel before you go out for business or leisure. Or just leave the hotel booking to us. Call us in advance and we would be able to get you the best rates moreover within reachable distances to most of the shopping centers and other places of leisure activity. Just Rentals Dubai is a firm that specializes in getting its customers all kinds of apartments in Dubai. These can range from furnished apartments to unfurnished, cheap to reasonably priced to high quality, Dubai beach apartments, villas, marina properties and Dubai VIP apartments on short to medium term rental basis on daily, weekly or monthly basis. Our main portfolios of Dubai apartments for rent are situated in the most attractive places for example the Bur Dubai, the Dubai Marina apartment, the Jumeirah beach, the Springs and the Palm Jumeirah. You can take your pick depending on the type of accommodation desired, budget, size of family etc. At Just Rentals Dubai, we have a range of places to offer you starting from affordable apartments to VIP luxury apartments in the choicest locations all over Dubai. We look forward to welcome you for a pleasurable and memorable visit to this bustling city of the Middle East. Dubai’s best apartments lie in the Dubai Marina area and have some of the highest rents in the emirate. Yet the demand for them shows little signs of cooling down. Their proximity to some of the most opulent hotels and within approachable distance to the main city roads, along with the splendid views and comfortable lifestyle that they offer all add up to the high rates that are demanded by their owners. The best self catering apartments usually come equipped with 24/7 security, children’s playing area, swimming pool, gymnasium, high speed internet, satellite TV, DVD player, and much more to meet the wishes of all the customers. These Dubai self catering apartments may be available in single, double and three bedrooms apartments at up to a 40 percent discount. Self catering apartments in Dubai are the best alternative accommodations compared to other short term rentals. The self catering apartments are mostly situated in Dubai Marina and some other very exciting locations like the Dubai beach area. So whether you are on the lookout for Dubai Apartments, Dubai Furnished Apartments, Dubai holiday apartments or indeed, any other kind of short term or long term rental arrangements, please contact Just Rentals Dubai to get some of the best deals possible. About The Author: David Martin is a respected, well read columnist in Dubai and considered an expert on the economy and issues connected with living and working in the emirate. Expatriates like to quote him on everything from Dubai property to how to live the lavish lifestyle and be part of the nightlife that Dubai has to offer, otherwise considered the prerogative of the wealthy and knowledgeable.
What’s your idea of a vacation? Is it just locking yourself away in your room while being away from the kids, the stress of the workplace and all those mundane responsibilities? Or do you want to escape to where you are simply untraceable while having the time of your life? If you are looking for a really special destination where you can indulge in your taste for top-quality hotels, fine dining, great shopping, world-class golf and state-of-the-art spas, a holiday in Dubai would do just fine for you. With a fascinating heritage to explore and a range of exciting activities to indulge in, this curious and exciting place has just about everything. With miles of lovely beaches and year-round sunshine, Dubai is a new destination just waiting to be discovered. If you have decided on Dubai as a holiday destination, get ready to discover one of the world’s most energetic cities. The incredible blend of ancient and modern creates a unique environment that is full of surprises. The huge investment in Dubai property development has transformed the terrain from a desert land to a city of shining skyscrapers. A visit to Dubai provides a first-hand glimpse into a modern-day success story at the same time giving you an experience of truly luxurious living. Shopping is an inherent and inevitable part of the whole experience of Dubai. You can find deals whether you prefer bargaining in the marketplace or taking advantage of the incredible tax-free prices in the shops. The whole city is bustling with growth. Transformed from a tiny fishing village into a modern city, Dubai now boasts some incredible avant-garde architecture and a thriving commercial sector. Holidays in Dubai are however a great opportunity to unwind and relax. The combination of relaxing resorts with the warm waters of the Persian Gulf makes it a great place to get away from the stresses and strains of everyday life. You can view the world’s tallest tower- the Burj Dubai or the Burj Khalifa as it is now called. Or visit or stay at the world’s only seven star hotel. Among the most talked about projects in Dubai are the Palms and the Dubai World Islands. The Palms comprise three of the largest man made islands on earth. Each is in the shape of a palm tree, being created off Dubai’s coastline. The Palm Jumeirah opened in 2008. However the Palm Jebel Ali and the Palm Deira are still under construction. The Dubai Islands comprise almost 300 manmade islands built to resemble a map of the world. It has been built so that it can be accessed by boat or helicopter. This project is also still under construction. There really is no shortage of hotels to stay in Dubai. Dubai hotels are known for their opulence and lavishness. However many of them have a tendency to overcharge the unsuspecting customer. That is why you must be wary when booking hotels in Dubai. If you really want the best, we recommend hotel marina Dubai experiences. You can contact us for all your Dubai hotels booking needs. About The Author: David Martin is a respected, well read columnist in Dubai and considered an expert on the economy and issues connected with living and working in the emirate. Expatriates like to quote him on everything from renting Dubai Apartments to selecting the best rental in Dubai.
According to the results of a recent poll by Reuters, Dubai real estate prices are expected to fall a further 10 percent in 2010. It is estimated that the emirate’s debt crisis will delay the recovery in the property sector up to 2012. The majority opinion of 12 analysts at banks, investment firms and research institutions was that residential property prices in Dubai have only a 13 percent chance of picking up before 2011. Some respondents said that prices had already reached a bottom, while others said they expected a trough to be reached in the first half of 2010. Still others expected a trough in the second half of 2010 and a few in the first half of 2011. It is no secret that the recent woes of Dubai World have further sapped the prospects of a recovery in real estate. In addition to this, conditions in the UAE property market are expected to remain weak in 2010 due to unfavorable demographics, property oversupply and risks associated with cancelled or delayed projects. What is also being anticipated is the continuation of rising vacancy ratios in the wake of Dubai’s oversupply of homes. However, the asset quality and location will determine the effect in individual circumstances. Dubai is expected to be oversupplied by over 30,000 new homes by the end of 2010, according to some estimates. Since 2008-2009, Dubai has not only been hit by the global financial crisis but also the Dubai World debt repayment saga. At the height of the financial crisis, billions of dollars worth of projects were put on hold or cancelled. Thousands of expatriate and migrant workers lost their jobs and were forced to leave the emirate. By some estimates, more than 500 projects have been suspended or cancelled in the United Arab Emirates, with Dubai being the most severely affected. In the long run, the financial crisis and credit crunch will result in a decrease in liquidity and financing that will limit the supply of properties in the market. In fact property prices are expected to fall another 10 to 15 percent before there is any major recovery in prices. It is generally anticipated that rents in Dubai will fall between 10 to 15 percent in 2010 and remain flat in the first half of 2011, with rents and prices possibly rising in the second half of 2011. At present demand for Dubai Apartments and Dubai Apartments for Rent are considerably on the lower side compared to Dubai Marina Apartment. You can contact Just Rental Dubai for some of the best rental rates. Meanwhile house prices in Abu Dhabi remained largely unchanged this year, with the majority of analysts expecting prices and rents to climb further. Prices are expected to increase due to the current mismatch in demand and supply but will stabilize as the delivery of some of the projects is completed. About The Author David Martin is a respected, well read columnist in Dubai and considered an expert on the economy and issues connected with living and working in the emirate. Expatriates like to quote him on everything from dubai properties to rent to how to live the lavish lifestyle and be part of the nightlife that Dubai has to offer, otherwise considered the prerogative of the wealthy and knowledgeable.
The overall state of the economy has a profound impact on the thinking of its players or constituents at the local level. When the economy is good, there is freer flow of credit and commerce, with promotion of business dealing easy and quick. But when the economy is in a downturn, worries about the future result in a slump in business opportunities and the free flow of credit and cash also dries up. As fears escalate, they become the arbiters of their own destruction. The resurrection of spirits and hopes is easier said than done and is very difficult to accomplish. It requires discipline and faith in the Government and everybody needs to do their bit in unison. It is swimming against the tide of current realities and that is what makes it so difficult. Even President Obama in the USA could not persuade the American public to change its mind and that is why consumer spending remains cautious in the light of the unemployment which has steadied at 10 percent for the last few months. Let us now move to the real estate sector in Dubai and try to trace the reasons behind the decline in Dubai rental properties. One reason is the exodus of workers that took place in the wake of the property sector downturn. Almost overnight, hundreds of people began losing their jobs. Some were even fired over the phone while on vacation in their home countries. This is one of the worst ways to part with an employee and speaks of the unprofessional conduct of the Human Resources Department of that firm. Anyway what this meant was that a lot of rental properties became vacant. The owners of these properties had to adapt to the new situation and in consequence they had to offer new rentals at reduced rates or make other adjustments in the contracts so that the left over workers could be attracted to rent these properties. The reduced rents even impacted the rates of Dubai hotel accommodation with some hotels having to cut their rates by as much as 50 percent just to keep occupancy going. The impact has even been felt on the shopping, dining, retail and other industries. All of these benefitted from migrant worker populations. Then again there are some owners of rental properties that have holding power and others don’t. Many have an urgent need to rent or lease their property as the rental income partly pays for their livelihood. Others use the rental income to service the property’s own mortgage taken out with a bank. Whatever the reason, this can again affect the rates of rental properties. Another point worth keeping in mind is the number of properties that are available for rent at any given time, versus the demand for such rental units. The ratio of demand to supply will determine the Dubai rentals in general in a given area of Dubai. History of rentals taken in the past and the level of infrastructure is important also, as the type and level of amenities, comfort and ambience offered can raise rental rates in a specific community like Dubai villas, marina properties, Arabian Ranches and Springs or the Palm Jumeirah Villa. With the forecast for Dubai in 2010 being that an excess of 20,000 units is already anticipated, the market for Dubai rental properties does not seem promising. However additional new projects are not being picked up so eagerly, as it looks like Dubai itself will run out of land mass very soon. Kleindienst.ae is one of the most experienced firms looking at property for Rent in Dubai. You can also contact them for short term rentals Dubai, Dubai accommodation for rent, or indeed any kind of Dubai property.
The city of Dubai got a much needed boost in the media last night. The occasion on 04 January 2010 was the unveiling of the world’s tallest building- the Burj Dubai. Sheikh Mohammad Bin Rashid Al Maktoum, the ruler of Dubai did the honors in a glitzy ceremony. As expected the media were out in full frenzy, as were more than 1000 city dwellers. It was a festive atmosphere not unlike honoring a Hollywood icon, to which the Sheikh once compared his city. A colorful hot air balloon served as a vantage point for celebrities and journalists. The atmosphere was loud with cheers and traditional Arabic songs blared through the noise. Laser lights had been placed at different locations on the structure. Then at the penultimate moment as Sheikh Mohammad cut the ribbon, the sky was lit with a 1000 fireworks. The celebrations lasted well into the night. With 160 storeys and a height of 828 meters (2717 feet), the Burj is twice the height of the Empire State building, once the world’s tallest structure. Moreover it is considerably higher than the next tallest structure at present, the Taipei 101. With excavations started on 04 January 2004, the Burj took six years to complete, at a cost of US$1.5 billion. The tower, which has been renamed Burj Khalifa in honor of the ruler of Abu Dhabi, promptly recognizes the timely assistance of Abu Dhabi in dishing out US$ 25 billion to assist Dubai in meeting debt obligations. US$10 billion promptly went to Dubai World to cover its exposure on Nakheel and Limitless. Even so, the financial and economic sector of Dubai is yet to recover from the shock created by the impending crisis. The Government of Dubai also mishandled the situation, first saying that it would support Dubai World and then reneging on its promise. This led the Western world to believe that Dubai itself was in danger of bankruptcy. Though the present crisis has been averted by a meeting with creditors and a standstill for 6 months on debt of US$22 billion, the economy has still not recovered. The lackluster performance of the stock market and the tightening of credit in the financial sector are indications that Dubai is still in the doldrums. If market forces do not stop this downhill trend, pretty soon the Government of Dubai will have to artificially stimulate the economy. The good news is that work has resumed in over 60 percent of the construction projects in Dubai previously held back dueto staffing, administrative and financial difficulties. Work crews can be seen once again on the streets. People are coming to Dubai albeit cautiously as the picture of the last exodus of expatriates still looms large. But with work activity resuming, it is hoped that people will flock to this cosmopolitan city once again. There is no shortage of apartments for rent in Dubai, and many of them are being rented at affordable prices. Property such as Dubai marina apartment is still being quoted at a premium. Firms like Just Rentals specialize in Dubai property rental in this emirate. Using their expertise makes it easier to dubai properties to rent. You can register on the site and check out the services of Just Rentals Dubai, proceed to trace the latest prices of rental in Dubai on various types of property, and also look at some Dubai rental properties in the Just Rentals portfolio being advertised on the website.
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