Dubai City Guide  |   Business in Dubai  |   Jobs / Career  |   Travel & Tourisim  |   Education  |   Entertainment  
Earn Money Online    Jobs in UK    Free Download Songs    Bollywood Models    Latest Jobs    UK Tier 12345   Uk Immigration
BUSINESS IN DUBAI
Business Regulations

Setting Up Business

Legal Structures

Chamber Of Commerce

Doing Business

Business Laws

Trading In Dubai

Jebel Ali Free Zone

What Is Jebel Ali

Importers

Distributors

Business Opportunities

Dubai Internet City

Dubai Festival City

Dubai Real Estate

Burj Dubai

Mall Of The Emirates

Items For Sale

Used Cars For Sale

Car Dealers

Property For Sale

Tax Free Zones

Why Buy Property In Dubai?

Property Business

Credit Crunch Effects

Apartments For Sale

Dubai Business Visa Requirements

QUICK LINKS
Dubai Business Directory

UK Latest Rules

Pictures of Sania Mirza

UK Student Visa

Business in UAE

Love Calculator

Companies in Dubai

Love Saddle

Latest Jobs in UK

Latest Jobs in USA

Jobs in Saudia

Free Visa Guide

Study Abroad

HSMP Immigration

Canada Immigration

Visa Interview Ques

UK Student Visa

Free IELTS

Free TOEFL

Indian Girls

Paki Girls

List of Univs/Colleges

Hollywood Style Sex

Sexuality

Sex Tips

Best Career

Love Dating

Wedding

Girls Fashion

Bollywood Models

Home / Business In Dubai / Credit Crunch In Dubai
New Asian Beauty: Indian Pakistani Girls, Models & Actresses  

Credit Crunch affected Dubai

Dubai City portal to get latest of Credit Crunch affected Dubai. Along with the details of Credit Crunch affected Dubai you can also find out about Dubai City for Business, Jobs, Investments, Travelling and Entertainment in Dubai.


  Viewed : 6325             Mail to a Friend         Rating :    Rate it  

Credit Crunch affected Dubai


How has the Credit Crunch affected Dubai?


Most UAE banks were already owned or partly owned by the governments and therefore did not need to have money pumped into them like the rest of the world banks.

Liquidity has been a problem for some banks but the UAE government agreed to safeguard all deposits in all Arab banks for three years and some of the larger foreign banks also had their deposits guaranteed by the UAE government.

It is unlikely foreigners will be able to get a mortgage if they buy a property in Dubai but that has been a problem for many years in any case. Some locals may have to pay a slightly higher deposit than before say 10% instead of 5% as all banks try and reduce their lending risks.

The UAE stock market has experienced much lower and gentler swings as the underline strength of the stocks remains sound.

The reasons for the inherent strength of the economy are as follows:
  • The Free Zone areas of Dubai represent 65% of GDP and have grown on average at a steady 10% per annum for ten years. The fiscal policies in Dubai have encouraged manufacturing and trade to take place in Dubai and this is not likely to be affected as in other countries due to lower overheads and better infrastructure.  8-10% of the economy is dependent on Gas and Oil that is likely to be finished by 2015. Not a major share of GDP but when this was as high as 47% it ensured that there was no National Debt to the degree that Major economies had to endure and again this has meant the underlying strength of the economy is very sound.

  • Only 25% of current GDP is from Tourism, hence any reduction in travel due to the world recession will not impact too severely.

  • Moreover, and without doubt the biggest reason why Dubai will not face a major affect because of the credit crunch is that Demand absolutely exceeds supply for property.

  • In 2007 the number of residential units actually delivered was 26,009. In 2008 it is expected 57,788 units will be completed and in 2009 56,588. 2010 we expect 36,844, 2011 50,000 and in 2012 30,000.

  • The demand for units from the following sources is 51,971 in 2008, 52,579 in 2009 and 54950 in 2010:

  • Emirates Airlines & DNATA

  • Dubai Healthcare City

  • Dubai International Financial Centre

  • New Business Licenses

  • Hotel Staff Accommodation

  • Consulting Engineers & Contractors
These sources are clearly not a reflection of the whole demand for residential property and therefore it is right to conclude that demand will outstrip supply for some years to come. For example His Royal Highness Sheikh Mohammed has recently agreed to loosen visa requirements for Chinese Nationals resulting in the Chinese government promising to send 1m Chinese to Dubai by 2010.

There are many more statistics that can be looked at as analysts try and foresee the future.  What is certain is that there is no shortage of companies and workers wanting to settle in Dubai and with the proof that Dubai can deliver the infrastructure (just witness the new roads and monorail) becoming more apparent and the incredibly tight regulations introduced in the Real Estate sector then it is difficult to see where else in the world can investors put their money in a safer and vibrant environment.

Recently a journalist interviewed His Royal Highness Sheikh Mohammed and asked what % of his vision had Dubai achieved? His Royal Highness replied 10%. The journalist asked when all the current development is finished in say two years time, what % then would have been achieved? 8% replied His Royal Highness. How can this be said the journalist? Because as Dubai gets bigger my vision will be bigger!

Tell Your Friend :


I visited this site to get the latest information of Credit Crunch affected Dubai. The-DubaiCity is very popular to get the latest information of Credit Crunch affected Dubai

Having a way to bottomless websites relating to Dubai City is wonderful. Building a site about Credit Crunch affected Dubai takes quite a bit of effort. Once you finally understand this, you will be able to research more competently. It is vital that you dig up the top authorities. The most accurate Credit Crunch affected Dubai intelligence may take a bit of effort to come upon. It is legitimate that securing accurate material on this matter can be time consuming. It is difficult attempting to consider the time we have invested looking up Credit Crunch affected Dubai research.

We proud you to take some more time checking out Credit Crunch affected Dubai web pages. It can at times become wearisome to sort the acceptable Credit Crunch affected Dubai info from the dreadful.

If you have any information or material of Credit Crunch affected Dubai you can send us to post on this website of Dubai.
  
Add to BookMark
Other Love Links

» Free Download Movies
» Free Download Songs
» New Asian Beauty
» Pakistani Young Girls
» Punjabi Mujras
» Love Calculator
» Love Ideas
» Find Your Love
» Love Dating
» Love Poems
» Love Quotes

 
  Information of Credit Crunch affected Dubai
© 2006-2008 The-DubaiCity : Latest Information of Dubai City that includes Business in Dubai, Hotels in Dubai, Jobs in Dubai, Entrtainment in Dubai, Shopping Centers in Dubai, Clubs in Dubai. All the material on this site is copyrighted by its respective owner. If you see your copyright violated here, please Contact us | Sitemap Dubai City