03-10-2009, 01:14 AM
Dear Respected Members,
Some points to clarify
1) There is nothing like hundreds of cars abandon in Dubai or any of the states or airports- some people left the cars but the figures are in tens.
2) Buyers for the properties are in market but of course you can not get what you are expecting.
3)It is a universal truth if you spend more than your earning ( through credit cards or loans) you will be in trouble.
5) We are discussing about UAE Economy fallout , but is there any parameter to check or confirm this?
In Tourism
Abu Dhabi expects total of 1.5 million tourists in 2009 almost equal to 2008 figure. No projects abandon or on hold in Abu Dhabi.
The Sharjah Commerce and Tourism Development Authority (SCTDA), overall number of guests climbing from the 1.45 million seen in 2007, to 1.53 million in 2008, achieving growth of over five percent.
This increase in tourism pushed the overall occupancy in Sharjah's hotels to 86 percent in 2008, up from 85 percent in 2007.
The number of visitors to Dubai increased by three per cent during the third quarter of last year compared to the same period in 2007, according to data released from Dubai's Department of Tourism and Commerce Marketing (DTCM) yesterday.
The emirate received 1.79 million visitors between July and September 2008, compared to 1.74 million to the same period a year earlier.
GDP already mentioned in above post.
Investments- UAE is invested a lot in South America and Africa.
UAE Economy is not only based on Oil, but Gas , Supply of Building Materials and non-metallic minerals. + other factors.
Just for Example
Banks slash car financing , Car Rental Companies business increased.
Construction slows down, Rent increases in available buildings
Consumers Industry attracting customers by Sales and promotion, Marketing / Advertisement companies business increases.
Mergers / Bailouts , Audit / Consultancy / Risk managers companies business increases.
People are going / people are coming, Travel agents business not affected.
and so on....
6)Just to clarify I never discussed the economy of USA.
Best Regards
Some points to clarify
1) There is nothing like hundreds of cars abandon in Dubai or any of the states or airports- some people left the cars but the figures are in tens.
2) Buyers for the properties are in market but of course you can not get what you are expecting.
3)It is a universal truth if you spend more than your earning ( through credit cards or loans) you will be in trouble.
5) We are discussing about UAE Economy fallout , but is there any parameter to check or confirm this?
In Tourism
Abu Dhabi expects total of 1.5 million tourists in 2009 almost equal to 2008 figure. No projects abandon or on hold in Abu Dhabi.
The Sharjah Commerce and Tourism Development Authority (SCTDA), overall number of guests climbing from the 1.45 million seen in 2007, to 1.53 million in 2008, achieving growth of over five percent.
This increase in tourism pushed the overall occupancy in Sharjah's hotels to 86 percent in 2008, up from 85 percent in 2007.
The number of visitors to Dubai increased by three per cent during the third quarter of last year compared to the same period in 2007, according to data released from Dubai's Department of Tourism and Commerce Marketing (DTCM) yesterday.
The emirate received 1.79 million visitors between July and September 2008, compared to 1.74 million to the same period a year earlier.
GDP already mentioned in above post.
Investments- UAE is invested a lot in South America and Africa.
UAE Economy is not only based on Oil, but Gas , Supply of Building Materials and non-metallic minerals. + other factors.
Just for Example
Banks slash car financing , Car Rental Companies business increased.
Construction slows down, Rent increases in available buildings
Consumers Industry attracting customers by Sales and promotion, Marketing / Advertisement companies business increases.
Mergers / Bailouts , Audit / Consultancy / Risk managers companies business increases.
People are going / people are coming, Travel agents business not affected.
and so on....
6)Just to clarify I never discussed the economy of USA.
Best Regards
