The property-driven economic crunch in Dubai demanded some realistic remedial solutions by the government. Instead of sanely resolving the issues and presenting a resolution to boost investor confidence, authorities still act as if they believe there is no crisis in Dubai. When the free-hold property scheme started few years back, developers and builders promised residency [...]
Will The Six Month Residency Visa Attract Property Buyers In Dubai?
February 23rd, 2009 | by Dubai Dude | published in Business in Dubai, Living in Dubai
List of Cancelled / On Hold Real Estate Projects in Dubai
January 31st, 2009 | by Dubai Dude | published in Living in Dubai
Here is a list of cancelled / on hold real estate projects in Dubai. The developers include Nakheel, Tatweer, Meydan, Tameer, Sama Dubai and Damac amongst others.
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 [...]
Property and Real Estate Companies Cutting Jobs in Dubai
December 1st, 2008 | by Dubai Dude | published in Business in Dubai
Dubai has felt the heat of global recession and at least property and real estate sectors are already in downsizing mode. Nakheel, Dubai’s real estate master developer, made 500 people (or 15 per cent of its global workforce) redundant while scaling back projects. This is the second biggest confirmed job cut in the UAE so [...]