1HitProperty On Dubai

by Paolo Rosa

Dubai?s Finest Commercial Properties

Dubai has become an international hub for commercial property and the reason behind this is the fact that Dubai’s real estate laws allow for the freehold ownership of property in Dubai by any foreigner. The presence of a huge number of multinational companies in Dubai has considerably increased the demand for commercial properties and which in turn has increased both the property prices and monthly rentals.

Following is the list of some of the most promising commercial properties in and around Dubai:

Haz Tower:

A spectacular 19-storey office tower, working here is intended for people who seek to be associated with a vibrant community of like-minded individuals. From an incredible architectural style to the breathtaking views outside, Haz Tower provides a fitting ambience for multinationals seeking to establish base in this region.

Haz Tower at Business Bay has offices designed to ensure you stay ahead of competition. A perfect work environment that’s second to none, equipped with the most sophisticated technology and modern amenities like swipe access, high speed internet, 24-hr security & security cameras, indoor/outdoor leisure facilities, swimming pool, covered walkway, café, shopping arcade, underground car parking, landscaped roof garden with outdoor café and much more.

XL Tower:

A master development, Business Bay is the new emerging freehold business, commercial and residential district next to Downtown Dubai (Burj Dubai), extending up to a new creek and all the way to Dubai’s coast. XL Towers is a modern elegance designed for commercial use where professionals can enjoy their own space, in every sense of the world. Airy lobby, spacious elevators, expansively planned workstations etc.

High-profile corporate clients and high net-worth footfalls make this one of the most sought after addresses. The XL Tower offers you a choice of retail units to cash in on this ready business opportunity. The building gives over 13,000 sq.ft of retail space at ground level including shopping arcade, covered walkway, and parking for staff and customers.

XL Tower has it all. The building is equipped with parking on 5 levels- 3 podium & 2 basements with 24-hr security & security cameras, swipe access, Hi-speed internet, multi-purpose meeting room, business lounge plus all the things you’d ever need is really an office to own.

Capital Bay:

Capital Bay comprises of two spectacular 19-storey office towers, right in the heart of bustling Business Bay. Designed to complement each other, Capital Bay is also the ideal location for those who enjoy being in the midst of all the action. It offers a well-designed workplace with comfortable indoor environment as well as innovative state-of-the-art facilities.

Damac Properties are the largest private master developers in the Middle East offering the most luxurious and exclusive residential and commercial Dubai Real Estate, Dubai Freehold Property and Dubai Investment Property for sale.

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Author and GCN host Webster Tarpley makes an appearance. Webster is the author of Obama – The Postmodern Coup and Surviving The Cataclysm, both available at the Infowars Store. www.tarpley.net infowarrior.infowars.com www.infowars.com Been a while since i’ve posted some of jasons broadcasts so it’s good to see him on with Tarpley, hopefully the link next to it will show you a playlist of some other tarpley interviews. Dubai being bankrupt is no surprise really, it tried generating funds through the idea of tourism and bringing in wealthy individuals to spend their income on property (because the value of property keeps rising yeah?). But what Dubai failed to realise is that without any main chief export, their trade deficit is just going to increase, and that’s going to have a detrimental affect on their balance sheet. Oil is running out and once that goes, it could very well be a longer than expected recession there. Some other indications of how dubai is fairing too is some reports from bloomberg: Oct. 13 (Bloomberg) — Dubai may need help from Abu Dhabi and the United Arab Emirates government to finance a surge in borrowing that paid for the worlds tallest tower, palm tree- shaped man-made islands and stakes in banks worldwide. Dubais potential reliance will be most significant in coming years, Moodys Investors Service said in a report today. Government-controlled companies owe at least billion, more than Dubais gross domestic product, and they will continue to …

Dubai began life as a small fishing village. It expanded in the early 19th century when large numbers of the Bani Yas tribe settled there. The population had to depend on the sea for their livelihood. It provided fish, pearls and trade. The hamlet soon turned into a small trading port based around the mouth of the Creek. Dubai’s strategic location is also a key element in its success. The heart of one of the worlds richest regions, Dubai is located midway between the Far East and Europe. Over 120 shipping lines and 100 airlines connect to more than 140 global destinations. The award winning Emirates airlines is ever expanding into new destinations. Dubai is also one of the world’s most vibrant tourist destinations. Attracted to its year round sunshine and luxurious lifestyle, the number of tourists visiting Dubai is expected to reach 15 million by the year 2010. With its lavish reputation, Dubai continues to impress with world-class events such as the annual Dubai Shopping Festival, Dubai International Film Festival, Dubai World Cub, and Dubai Desert Classic golf tournament Multi-national companies increasingly see Dubai as the obvious choice for establishing operations in the Region. Proximity to the Indian subcontinent not only gives access to a market of over 1 billion people but the ability to benefit from an increasingly talented and competitive labor supply. The pursuit of excellence has resulted in producing one of the best infrastructure facilities in the world …
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by ICAEW Newsroom

Finding Employment in Dubai’s Job Market

It doesn’t matter where in the world you live, jobs are becoming more and more difficult to come by.  That is not necessarily the case if you’re able to take employment in any field but if you’re highly specialized in one area, it may be difficult for you to fit into that slot.  There are some areas of the world where jobs are still plentiful, such as in Dubai.  Even in areas such as this, however, it often pays to be innovative in the way that you search for employment.

Most of us seem to attack the problem in the same way.  We end up submitting applications and putting our resume in many different places in order to see who is going to accept our proposition.  Unfortunately, since things are a little bit more competitive because of the shrinking job market, this can be an ineffective way for you to find employment in Dubai.  There is another way, however, that can work quite nicely if you take advantage of it.

One way that you might want to seek employment is through an agency that’s sole purpose is to find people jobs.  The reason why they do this is because employers know that they are going to find individuals who are highly qualified for the positions that they are trying to fill.  They will give the commission to these agencies if they are able to fill the slot that is open with somebody that fits all of the qualifications.

The best place to start your search for employment with Dubai recruitment agencies is to read our guide, which also includes a list of 50 recruitment agencies in Dubai.

Click here to go to the guide on recruitment agencies in Dubai.

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by burtonwood + holmes

Placing a Bet on Dubai?s Revival

The chips are in and the stakes are hot. They should be, for in contention is one of the world’s most beloved cities-the emirate of Dubai. Just at the start of this week, Dubai World emerged from a first meeting with its creditors- asking them for a standstill on US billion of its debt for at least six months. In fact the whole affair was conducted under an atmosphere of strict secrecy and security, with attendees asked to be tight lipped about the proceedings. What has emerged is that the Dubai World executives formed a Committee to make a presentation for their case in requesting the moratorium. They were presumably assisted by executives from Deloitte and other auditors. What will happen now is that the request will be considered in the light of the presentation and the recouping of their assets and liabilities, undoubtedly redrawn to show their ability to remain solvent even after the debt has been repaid.

Meanwhile, most of the world already knows that the neighboring emirate of Abu Dhabi has given US billion to Dubai World to help meet its current debt obligations on a US.1 billion Islamic Sukuk bond. What is amazing is that even this has not sent enough positive signals through the region. In the end it just might be required to pay off the debt or part of it in order to stop the negative sentiment that has echoed all through the world.

If that happens, the next question is whether Dubai will recover from its present crisis and will that recovery be for a short or a long term. Analysts are divided on the issue, but it is clear that Dubai’s Government will itself have to do something in this regard, rather than to wait for the interaction of market forces. It is known that market forces are driven by consumer and business sentiment, and when that sentiment remains negative or there is uncertainty about future action, markets are going to see a loss of value. If anything, the Dubai Government could have supported Dubai World in this time of crisis and given a positive signal to the world. By first announcing that it would support the entity and later withdrawing its support, it caused mass confusion and in fact set in motion rumors that the emirate itself was in danger of defaulting due to overextending its plans in the boom period. Nothing could be further from the truth as both Dubai World and the Government of Dubai are well equipped to deal with any financial emergency.

That said, in the short term the Government could assist businesses in getting credit to complete the outstanding projects. The present credit crunch means that new projects are facing financing difficulties in getting their projects off the ground. Everyone in the construction industry knows that there is a considerable lag between the booking and the completion of projects. Secondly, by renewing the longer three year visa for workers, Dubai would signal that it is ready to take on expatriate workers again for the completion of old projects and starting new ones. As things are, Dubai accommodation sector is going downhill, with accommodation in Dubai becoming a buyer’s game. Except for Dubai marina apartment , Dubai condos and Dubai villas- which has seen some consistency or even appreciation in value, in general Dubai flat rent, Dubai Apartments, and Villas in Dubai have depreciated in value over the last few months. A further dip in the market is expected by March-April 2010, after which the market is expected to recover by 2011. But it’s anybody’s guess as to what will really happen, and that is why the Government needs to take steps to see that Dubai is back on track again- the sooner the better. There is too much at stake.

Popularity: unranked [?]

by ICAEW Newsroom

Dubai’s Bachelors are to be Segregated

Dubai’s unprecedented rise in the world of trade and commerce and tourism is largely due to the hardworking expatriate community living there. Up to eighty percent of the city’s population is estimated to be made up by the Europeans, Indians, Pakistanis, Sri Lankans, East Asians and people from many other regions of the whole world. They have been the main cause why Dubai has had unparalleled growth in the world of commerce for the last several decades. This presence of outsiders however, often leads to many social issues taking place and the matter being fiercely debated across various social strata. Among these comes the issue of Dubai’s bachelors who are always over the barrel and under a constant demand for being segregated from the rest of the community. However, not only does it require a herculean effort for accomplishing any such segregation, but it also calls for the basic human rights of the singles being taken into due consideration by the authorities.

As the world knows by now, Dubai is one of the most sought after destinations for the job seekers around its neighbourhood. Many recruiters go as far as the Indian subcontinent and the Far Eastern countries for making fresh recruitment. This involves well paid positions for those who might be ready to spend from six months to several years on instant assignments. Obviously, a large number of these rookies have to travel all alone for attaining livelihoods. They are given accommodation at places that are either outdated or are yet to fully develop. A majority of the adjoining localities may find all such occupations intruding.

Complaints of harassment by the single population have been made from time to time and the issue raised at several fora, so much so that the administration was forced to intervene on many occasions. It’s no secret that despite Dubai’s modern outlook, its Islamic background plays a crucial role in many spheres. There are no orthodox codes for the behaviour of men and women, but the conservatism still looms over large. Nobody likes in this world anyway, their womenfolks being stared and commented upon by the singles next door. Singles on their own part, living away from their homes for months and years, may sometimes fail to understand this basic ingredient of living peacefully, and therefore end up being a headache for their hosts.

Dubai’s administration has made all its efforts to keep bachelor housing as much segregated as possible. However, the issues still refuses to die down amicably. Dubai’s government has recently announced that all bachelors will be segregated from the rest of Emirate’s community, and given separate housing. This may take up to two years to fully accomplish. A recent estimate suggests, out of the total 1,321,453 Dubai’s citizenry, 74.86 per cent or 989,305 fall in the male category, and 25.14 per cent or 332,148 in the female one. This increase of the male population could directly be attributed to the booming construction and economic activities in the Emirate, which requires calling for a significant outside workforce, comprising mainly of the bachelors.

Only time will suggest how successful Dubai’s administration proves out in tackling the singles versus non-singles conundrum. It’s going to be hard time ahead for the bachelors on their own part, as they will have to move out of their present housing areas to the newly built ones. Bachelors are somewhat stranded in Dubai’s environs today, waiting for their fate to be decided by the latest administrative moves.

Dubai Womens Colleges (DWC) celebrated recently amazing 20 years of success which were filled with rapid enrollment growth from 135 to 2200 students, recruitment of highly skilled and dedicated faculty and staff from 25 different countries, and many other highlights and firsts. Without passion DWC would not have focused on the whole person, without the whole person orientation, DWC would not have focused on nutrition and fitness, without the habits of nutrition and fitness, DWC graduates couldnt lead the way in combating heart disease and diabetes. The first 15 graduates in 1992 were pioneers for the nearly 4000 working DWC graduates who have changed the rules for local women in the workforce and raised the standards and expectations for working Emirati women and men.

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