Wednesday, June 25, 2008

"If you build it, they will come"... but don't let them in!



The real estate battleship in Dubai apparently has three visionary captains: Real Estate companies, Landlords and investors who seem to have a separate magical vision about Dubai's future, and Woody Woodpecker (a.k.a. Real Estate Regulatory Authority). The third party just decided to smack the first party's deal to give the second party visas.


Apparently Woody is laughing his head off as he pecks his holes in the growing Dubai real estate tree, as he cannot see the basic logic that if you invest in a country based on advertised promises of residence, attracted by invitation of "trust", and then pull that rug from underneath them, causing the trust to disappear AND the physical reduction of tenants and residents in Dubai, it will have a negative effect on both real estate markets and economy, let alone border on outright fraud as most people had it in their contracts and the companies had written government confirmations. So he decided to punch a hole in it the only way he can, making a declaration without authority. Strange, considering that for the most part, a residence visa would be the call of the immigration department, something that RERA has no business with.

But then again, that never stops Woody from sticking his nose in things, does it?

Hahaha HAAA ha, hahahahahahahahahaha........


6 comments:

Danilo Hadek said...

Salut!

Comment vas-tu? J'espere que trés bien...

well, I'm going to write in English cos I do not know if you speak French... I'm a Brazilian Flight Attendant, and I also have a blog so I was wondering if you could give me a interview about Dubai cos I'm writing about Emirates Airlines, and I'd like to talk to someone like you who live there to say a little bit about the city... You know, there a lot of Brazilians who wanna work for Emirates, blá, blá...

May you do me this favor? I'll appreciate that!! Thank you so much! By the way, nice blog...

my e-mail: damdek@gmail.com

peace,
Dan
http://meioaereo.blogspot.com

Dubai Warrior said...

No problem Dan.

Just send me an email (address available from profile) and I'll respond to all your questions. Forgive me though as my french is quite rusty. :)

Melanie Nelson said...

Incredibly well put, Habibi.

Dubai E-Commerce said...

In reality the real estate game has hit sky high with certain individuals. you dont have to be the brightest crayon to see that the worlds riches are in dubai. I myself am from a european country and i know that dubai is a very wealthy country. full of the wealthiest people and the most exotic cars. Dubai is a great place for business opportunity, and for example when dubai started building "the world" -estate on man made islands- theyre moddow was of course if you build it they will come, im just excited to hear the grand opening of the estate and its riches.

-James K.

spsyed said...

Is it time to investigate the men behind ExoticCarsDubai, the ExoticGroup and the SpiceLounge in Dubia? See http://www.youtube.com/watch?v=KCfBWBTAk3Y and read the ending credits as well as the video description...

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