Will Dubai Loan Default Cause Dubai Investment Property To Sink?

International banks are assessing the implications of Dubai’s debt standstill, which affects a $5.5 billion syndicated loan for Dubai since it has so many incomplete project for Dubai investment property

Exactly a year ago my friend was in Dubai and he just thought that the place look amazing but was unreal. He noticed many stores weren’t that busy and most of the luxurious big amazing condos that observed were empty inside. It seem like nobody is stay in there and everyone is waiting for the price rise and get sell for big profit later.

Then he saw there were more foreigners than local people in Dubai. He talked many people from different countries and he noticed that people are fleeing to Dubai to avoid bankruptcy jail and the government put a ban on reporting any negative news about the economy. Now their bankrupt and lots of U.K. money was used and invested there. They start putting put options on U.K. banks.

You can bet some bankruptcies are gonna go on the other side of the ocean. The American dollar is gonna rise in value too because of this believe cause investors know that this affect the European countries more.

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Top 10 Crazy Dubai Investment Property

Dubai investment property is a famous with its noble and unique design. It keeps attract the eyes of the world again and again. There are so many luxurious properties in here that being pursue by rich people around the world. Dubai seem to be an ideal place for designers, as long as you have good ideas and creativity, all your designs are likely to become a reality. Let us have a look of the crazy top 10 building in Dubai now –

The candle in the wind building
The candle in the wind building

1. The candle in the wind building
Dubai candle in the wind building built from the 54-story building to 97-story formed a picture of dance-like sculptures, looking like a flashing candle afar. From the aspect of architectural expression, the maturity of the aesthetic and structural engineering of innovation has no any modern architecture can compete with.

Palm Island Dubai

2. Palm Island Dubai
Dubai Palm Island Project was commenced in 2001, the whole project is estimated to be completed in 10 to 15 years. During construction, the world’s major construction companies have joined the building project. Dubai’s Palm Island project is implemented by more than 300 islands, the islands will have a hotel and a variety of leisure and tourism facilities, the scale of the whole project can be called the modern “world’s eighth largest miracle.”

Dubai tower

Dubai tower

3. Dubai tower
The height of Dubai tower is 818 meters with more than 160 floors available upon completion. It will become the world’s tallest building by that time. In addition to a high degree of challenge to the limit, Burj Dubai with the world’s fastest elevators, speed up to 17.5 meters / sec. Even a temporary construction elevator is running with an astonishing speed, it takes only about 70 seconds to rise from the ground floor to the top 124th floor.

Anara Tower

Anara Tower

4. Anara Tower
This is called the Anara Tower, although shorter than the Burj Dubai, but it’s extraordinary outlook is a lot better than Burj Dubai.

(It is not a wind generator, but a restaurant)

Dubai bus station

Dubai bus station

5. Bus Station
Dubai people not only pursuit of novelty and luxury high-rise buildings, but they are pursuing for details and unique design as well. Even the Dubai’s bus station is look very luxurious and equipped with air-conditioned to ease passengers while waiting for train. The bus station is built with alloys and glass, although the size is not big, but it appears to be very modern. Inside the station there is clearly marked maps and temperature control systems. Not only the stations, some of Dubai’s beaches are equipped with air-conditioning as well to prevent the people getting burned feet after swimming.

Diamond Ring Hotel

Diamond Ring Hotel

6. Diamond Ring Hotel
Just like that name, the Diamond Ring hotel is like a diamond ring set in between sky and earth, and shine away with sun’s rays. This design can be described as downright crazy. Each branch is a room for the hotel. If you have a chance to live in, you must remember to carry with you a parachute.

World Island

World Island

7. World Island
World Island originally designed program was to build seven continents, but Dubai people soon realized nobody is afford to buy such big chunk of islands, so the program is then replaced by the seven continents by the 300 artificial islands shaped in accordance with the composition of the world’s continents, artificial islands.

Rotating Tower

Rotating Tower

8. Rotating Tower
It sounds like science fiction for a rotating skyscraper dancing in the air. But it is true that Dubai is in the construction of such a building.  It will be the world’s first wind power rotating skyscraper and is expected to be completed in 2010. By the time the world can witness how grandiose it is for this tower. Besides, the construction of this tower is also very alternative because each layer of the building will be constructed in Italy, and then only shipped to Dubai for assembly.

Dubai Walk

Dubai Walk

9. Dubai Walk
This great building plays an important role for the “Dubai walk” project. In order to build this wheel-shape building smoothly, the Dubai developer Nakheel will build an artificial island near the coast.

Burj Al Arab Hotel

Burj Al Arab Hotel

10. Burj Al Arab Hotel
This is a symbol of Arab luxury, also a symbol of Dubai. When you walk into this world’s tallest hotel, you will feel like walk into the Aladdin’s cave. You can feel how luxury it is when you walk into a small submarine which is actually a seafood restaurant. There are 17 telephone receivers in each room, and the airport shuttle is formed with 8 Rolls-Royce which can really make you shocked.

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UAE Property Market Shows Flexibility

Despite signs that the worst of the global economic crisis has now passed, and with property in the Gulf region having recovered considerably over the last year, the most recent findings show that there has been a decline in both sales and rental values in most sectors of the property market. This has been attributed to an upsurge in new supply entering the local market for the UAE.

Dubai apartments and houses for sale and rent have declined in value more than any other area of the UAE, and as a consequence, there has been an increased demand from residents living in Sharjah to take advantage of falling values in Dubai properties.

However, commercial property in Dubai, particularly office space usage, has witnessed increased interest over the last six months, with tenants taking advantage of the lower rents as well as reflecting a renewed confidence in the overall economic situation in the region.

In Abu Dhabi, there has been a similar decline in value, but at a much lower rate than the fall in Dubai. Abu Dhabi remains one of the more inflexible property sub-markets, with fewer properties available for occupancy in the short term. The low supply has resulted in higher rents for residential and commercial property, though rents are still lower than they were a year ago, partially due to decreased demand because of the financial crisis.

Nevertheless, a series of new developments in Abu Dhabi are expected to re-start in 2010, having been put off in 2008 and 2009 because of the crisis of confidence in the property market. Once property developer and investor confidence is restored, the signs in the overall UAE property market indicate a return to business as usual.

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Madinat Jumeirah – Mina A’Salam / Al Qasr / Dar Al

More @ www2.vidado.com

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Telereisen.com: Das Hotel Al Qasr

Impressionen vom Hotel Al Qasr am Jumeirah Beach in Dubai. Viele weitere Infos, Lageplan, Fotos, Hotelbewertungen und Reiseangebote finden Sie unter: www.telereisen.com

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