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US $88.79
The Ups And Downs Of Uae Real Estate
The construction boom that was witnessed in Dubai for about six years or so was unparalleled anywhere else in the world. The fulfillment of such grandiose plans was a dream of the Government of Dubai which was also envisioned by the ruling family. The rush of building projects also brought in artificiality of prices especially with regard to villa and marina properties in exclusive locales and communities.
Not surprisingly, the Dubai Land Department recorded a fourfold increase in land prices since 2000. Although this was driven in part by genuine demand, speculative investment also contributed to the price rises. In the first six months of 2008 just before the real estate meltdown, prices had shot up by as much as 25 percent. Then the inevitable happened as Dubai too succumbed to the worldwide recessionary trend that had affected many other nations. The construction sector which had exhausted all credit possibilities began to overheat- there was too much supply compared to demand, and prices began to fall. Expatriates were asked to leave as projects began to be abandoned and working contracts were cancelled. Almost overnight, a lot of people lost their jobs and had to return home. Even today, Dubai is still picking up the pieces from this and the Dubai World debt repayment fiasco which followed.
Employment has reduced and so has business, as the stocks markets have seen a plunge in value. As many people left the emirate, others got the opportunity to relocate their living quarters to Dubai from neighboring emirates such as Sharjah and Ajman. Investors who do not have holding power have put up signs on the borders of their properties and advertisements in the newspapers announcing Abu Dhabi property for sale, property for sale in Dubai and UAE property for sale.
Although 2010 started on a positive note with the unveiling of the Burj Khalifa, the world's tallest standing structure, disenchantment is once again evident as the oversupply of an estimated 20,000 units is expected to further depress prices by 10 percent from current levels.
Some of the emirate's biggest developers have already begun implementing controls to dampen the influence of speculators on project prices. The supply-demand gap will hopefully reduce after 2010 year end and most real estate pundits are expecting a rebound in Dubai real estate by mid-2011. Once this correction takes place, the continued influx of residents should ensure that the market remains relatively stable.
So real estate values may fall by 10 percent before the correction but investors should still come out on top, as values are expected to move up by a minimum of 15 percent in the rebound, based on trends from the past.
The fallout from the construction industry has also led to some new migrant workers and expatriates willing to relocate to Abu Dhabi and other GCC countries where economic conditions are more stable. Thus Dubai's loss is Abu Dhabi's gain. As rents and selling prices decline in Dubai, they are picking up in Abu Dhabi, the capital state of the UAE, and other places in GCC countries.
About the Author
Sim Whatley is a veteran opinion leader especially on the issues concerned with people wanting to live and work in Dubai. Considered as one of the most read authors in Middle East the community portal of which provides solution of every issue from apartments for rent in Dubai to considering the right accommodation in Dubai, choosing the right job in Dubai and meals, to buying cars in Abu Dhabi.
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GCC $59.99 Serves as a reference to the GCC open-source compiler. This work provides information on its features - including compiling Java code, building applications using multiple languages, using the debugger, linking, libraries, and more. |
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The Definitive Guide to GCC $49.99 The GNU Compiler Collection (GCC) offers a variety of compilers for different programming languages including C, C++, Java, Fortran, and Ada. The Definitive Guide to GCC, Second Edition has been revised to reflect the changes made in the most recent major GCC release, version 4. Providing in-depth information on GCC's enormous array of features and options, and introducing crucial tools such as autoconf, gprof, and libtool, this book functions as both a guide and reference. This book goes well beyond a general introduction to GCC and covers key programming techniques such as profiling and optimization that, when used in conjunction with GCC's advanced features, can greatly improve application performance. This second edition will prove to be an invaluable resource, whether youre a student seeking familiarity with this crucial tool or an expert who uses GCC on a daily basis. |
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The GCC and the International Relations of the Gulf $90 The GCC, made up of Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the UAE, is one of the most resilient sub-regional organizations in the world, and the most successful in the one in the Arab world. It has been the forum through which much internal security co-operation in this volatile sub-region has taken place, as well as the main representative for the UAE's territorial dispute with Iran over the Aub Musa and Tunbs Islands. It also has significant potential to present an alternative form of leverage over the international oil markets. Very little is known however about how the organization really works: how decisions are actually taken, as opposed to how this process is formally constituted in its charters, and what the GCC's real impact on member states, the Gulf and international relations is. Drawing on cutting-edge IR theoretical perspectives as well as unique first-hand access to GCC decision-makers, Matteo Legrenzi explains the mechanisms of Gulf cooperation - and its limitations - in the context of economic globalisation, diplomatic regionalisation and the rise of Iran.Combining historical context, primary source investigations and theoretical analysis, it is the first comprehensive guide to the GCC and an indispensable resource for anyone concerned with the Gulf and the Middle East. |
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GCC America GreatCut $169.95 Designed for great performance and to support all GCC cutters, especially the powerful AAS II (Accu-Aligning System) of Jaguar IV and Puma III, GreatCut software offers effortless production to assist users to complete print and cut solutions without changing the workflow or software. With the user-friendly interface, users can add the registration marks, and cut images with ease. |
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At The Controls $5.99 At The Controls |
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