Another property bubble building up in Dubai
Before 2008, Dubai was a real estate heaven. The property market was growing exponentially and it seemed at that time that there is no turning … Read more
Tag
Recession
8 articles
Private Sector asked to create 20,000 jobs for the Emiratis
Private sector of UAE, already struggling with global recession and downturn, has been asked to create at least 20,000 jobs a year to cater for … Read more
Multi-billion Dirhams Infrastructure Projects Defy Recession in Dubai
Amidst the rumors of recession and global downturn, multi-billion dirhams infrastructure projects are on full swing in Dubai. Three major road projects worth Dh2.9 billion … Read more
Law to ban private sector companies from sacking Emiratis
It has now been confirmed that what was quoted by Dubai Police Chief was not a mis-interpretation, as suggested by some media articles, but something … Read more
Banks raising loan limit in wake of credit defaults and recession
Banks in Dubai are now acting up to control losses accumulated due to easy lending policies. In the wake of expats unable to pay their … Read more
Expats dumping cars, flying back home to dodge credit crunch
While the media in Dubai (and UAE) follows strict protocol of not revealing information that might harm the reputation of “glowing economy” of UAE, some … Read more
Villa prices in Dubai fall by 45% amid real estate slump
Villa prices at Jumeirah Park and Jumeirah Islands, Nakheel’s exclusive residential developments in Dubai, have plunged up to 45 percent in the last four months. … Read more
Lost Your Job? Arabian Park Hotel in Dubai Offers Free Food
Arabian Park Hotel in Dubai is offering free food to UAE residents who have recently lost their jobs. This free services for the victims of … Read more