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
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 [...]