03-12-2009, 04:37 PM
Dear Respected Members,
The purpose of providing the positive side of the pictures of UAE is to just inform the people living in UAE to do not make decisions on the basis of assumptions about the failure of Dubai Economy in near future. The hot topic in every discussion nowadays in UAE is about the economy and dubai future, although its good to warn, but here people are making worst decision because of these rumors.
People are starting selling their assets in very low prices in a perception that the price will go down more.
When you live in a country where your job at risk because of these crisis , good news about the economy growth will give you much boast.
Further all the information provided are for analytical purposes this will help the readers to make conclusion with real facts.
Again the post become longer but I would like to reply for the following points raised
1) What Toronto_Bay is mentioning is 100% correct and UAE Government is also working in the same line. Some examples are withdrawing the "one family one villa" rule, proposal of non-putting ban on canceled visas, and withdrawing some of the visit visas rules.
2) People do not visit Saudi Arabi or Iraq for tourism and also their economy is not based on tourism.
3) Our company has hired and issued 148 visas in different categories all related to construction in last two months for our new projects. But is this shows that construction is booming in UAE or construction industry is hiring people?
Newton said "To every action there is always opposed an equal reaction" I threw the ball on the wall but it didnt return - Newton law is wrong.
Best Regards
The purpose of providing the positive side of the pictures of UAE is to just inform the people living in UAE to do not make decisions on the basis of assumptions about the failure of Dubai Economy in near future. The hot topic in every discussion nowadays in UAE is about the economy and dubai future, although its good to warn, but here people are making worst decision because of these rumors.
People are starting selling their assets in very low prices in a perception that the price will go down more.
When you live in a country where your job at risk because of these crisis , good news about the economy growth will give you much boast.
Further all the information provided are for analytical purposes this will help the readers to make conclusion with real facts.
Again the post become longer but I would like to reply for the following points raised
1) What Toronto_Bay is mentioning is 100% correct and UAE Government is also working in the same line. Some examples are withdrawing the "one family one villa" rule, proposal of non-putting ban on canceled visas, and withdrawing some of the visit visas rules.
2) People do not visit Saudi Arabi or Iraq for tourism and also their economy is not based on tourism.
3) Our company has hired and issued 148 visas in different categories all related to construction in last two months for our new projects. But is this shows that construction is booming in UAE or construction industry is hiring people?
Newton said "To every action there is always opposed an equal reaction" I threw the ball on the wall but it didnt return - Newton law is wrong.
Best Regards