tag:blogger.com,1999:blog-11702093.post5360442219622463746..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: Lifestyle in DubaiTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11702093.post-43564415539434383172010-06-25T21:56:25.846+08:002010-06-25T21:56:25.846+08:00I talked to an expatriate working in Dubai. She li...I talked to an expatriate working in Dubai. She lived in Dubai Marina and developed business over the UAE.<br /><br />She said taht several apartment blocks at the Marina are empty and that rentals had fallen by 50%. The roads are less crowded.<br /><br />Business is starting to return to Dubai, but this will take another two years to recover. <br /><br />New investors are coming into Dubai, as the previous investors had been burnt.<br /><br />The assessment is that Dubai will recover and life will be better.Tan Kin Lianhttps://www.blogger.com/profile/00617069056914635271noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-50598349812210384642010-06-24T21:25:08.966+08:002010-06-24T21:25:08.966+08:00Dubai survives on Abu Dabi patronage, else the cou...Dubai survives on Abu Dabi patronage, else the country would have collapsed long ago, its expatriate staff are greatly reduced, and surprise, surprise, they are setting offices and residents in Singapore. One family rented my house in Singapore, and surprisingly their housing budgets <br />given by their Arab companies are very high by Singapore standards.<br />So landlords peal your eyes wide open, and aim for the Arabs, Arabian Companies, but European employees and tenants.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-4754402393648773012010-06-24T15:21:09.754+08:002010-06-24T15:21:09.754+08:00Hi Mr Tan,
From personal observation & intera...Hi Mr Tan,<br /><br />From personal observation & interaction with Dubai's residents, how is the overall business / economic climate over there?<br /><br />From the late 2008 financial meltdown, I have read of property prices collapsing in Dubai and thousands of expats running-road and abandoning their million-dollar condos. Followed by news articles of many buildings left half-completed and/or empty.<br /><br />I suspect prices and situation have bottomed in Dubai, but any longer recovery still depends on overall world economy and demand for oil which will help surrounding economies like Abu Dhabi and Saudi Arabia which in turn will help support Dubai itself.Anonymousnoreply@blogger.com