Comments on: Is Dubai the Bubble It’s Made Out to be? http://www.dailyreckoning.com.au/dubai-bubble/2008/08/28/ An independent perspective on the Australian and global investment markets Mon, 22 Mar 2010 11:41:53 +0000 http://wordpress.org/?v=2.8 hourly 1 By: Gian http://www.dailyreckoning.com.au/dubai-bubble/2008/08/28/comment-page-1/#comment-43466 Gian Sun, 28 Sep 2008 23:21:34 +0000 http://www.dailyreckoning.com.au/?p=3537#comment-43466 Hello, i only have to say one word... FLORIDA!!! i still remember the whole ambition, inocence and stupidity there, with 1000's of empty houses "but is Miami, people will buy it" well...they didnt do it, and now happened what we all know... to the last comment...ok, believe prices can increase a 50% a year forever...nice, we all would like to live in that fantasy world.. Bye Hello, i only have to say one word... FLORIDA!!!
i still remember the whole ambition, inocence and stupidity there, with 1000's of empty houses "but is Miami, people will buy it" well...they didnt do it, and now happened what we all know...
to the last comment...ok, believe prices can increase a 50% a year forever...nice, we all would like to live in that fantasy world..
Bye

]]> By: Akber Jaffer http://www.dailyreckoning.com.au/dubai-bubble/2008/08/28/comment-page-1/#comment-38979 Akber Jaffer Tue, 02 Sep 2008 22:10:21 +0000 http://www.dailyreckoning.com.au/?p=3537#comment-38979 For those of us who have lived in Dubai for donkey years, we do not believe in "Is Dubai the bubble it's Made Out to be?" Dubai, indeed beats all economics, not now but even in the 80's. Perhaps, Bill should have researched the stats of the pearl diving port. From a population of 180K to close to 2M in 30 years, Dubai has invited all including Bill and others who find this place not only friendly but with a fair opportunity to prosper. The empty apartments that you see at JBR are not necessarily unoccupied. I know of hundreds of businessmen who keep a second home in Dubai and they stay occupied only for a few months in a year. We are also encompassed by 2.2 Billion of the world's population who have some kind of red tape in their country and Dubai is a safe haven for them. What you call middle men are investors from across the world, who find Dubai a lucrative place. And the idiots that you talk of are benefiting from their investments. There's an acute shortage of accomodation in Dubai- with a 10% growth of annual poplulation, the 280,000 (to be ready by 2015)odd units will not be sufficient to accomodate the rising population who (including Bill) wish to stay in a country that allows you to live well if you can afford, do your work without red tape provided you stay within the bounds of the law. Cheers! For those of us who have lived in Dubai for donkey years, we do not believe in "Is Dubai the bubble it's Made Out to be?" Dubai, indeed beats all economics, not now but even in the 80's. Perhaps, Bill should have researched the stats of the pearl diving port.

From a population of 180K to close to 2M in 30 years, Dubai has invited all including Bill and others who find this place not only friendly but with a fair opportunity to prosper.

The empty apartments that you see at JBR are not necessarily unoccupied. I know of hundreds of businessmen who keep a second home in Dubai and they stay occupied only for a few months in a year. We are also encompassed by 2.2 Billion of the world's population who have some kind of red tape in their country and Dubai is a safe haven for them.

What you call middle men are investors from across the world, who find Dubai a lucrative place. And the idiots that you talk of are benefiting from their investments.

There's an acute shortage of accomodation in Dubai- with a 10% growth of annual poplulation, the 280,000 (to be ready by 2015)odd units will not be sufficient to accomodate the rising population who (including Bill) wish to stay in a country that allows you to live well if you can afford, do your work without red tape provided you stay within the bounds of the law.

Cheers!

]]> By: Jeff Nicolas http://www.dailyreckoning.com.au/dubai-bubble/2008/08/28/comment-page-1/#comment-37878 Jeff Nicolas Thu, 28 Aug 2008 15:37:39 +0000 http://www.dailyreckoning.com.au/?p=3537#comment-37878 You forgot to mention zero income and company tax. Countries that do not penalise you for work and creativity are getting fewer, a big fault of the Western World, baggage that Dubai does not have. You forgot to mention zero income and company tax. Countries that do not penalise you for work and creativity are getting fewer, a big fault of the Western World, baggage that Dubai does not have.

]]>