The recession and credit crunch is effecting Dubai rental property market, tilting it in favour of the tenants. As Arabian Business reports, Landlords in various location of Dubai are accepting rents in up to 12 cheques, a move in strak contrast of previous practice of accepting rents in 1-3 cheques. With more properties coming onto [...]
Recession causing Dubai rental market shift, landlords accepting 12 cheques
January 31st, 2009 | by Dubai Dude | published in Living in Dubai
At Least 3,200 Job Cuts in Dubai
January 16th, 2009 | by Dubai Dude | published in Business in Dubai, Living in Dubai
Finally the mainstream media is coming out with numbers of job cuts in Dubai. Gulf News reports: – WS Atkins, a leading British engineering consultancy firm working on Burj Al Arab, have laid off 170 professionals. – Dubai Labour Supply Company (Dulsco) has laid off 800 workers in two batches. – Mizin, a real estate [...]