It's A Rich Man's World

[WAQAS119]

so what is the right way to become rich? i asked this question already.

hard work and honesty...........

 

[sparklingway]

Some people mistake this picture to be somehow representative of the tallness of the building as they see clouds. This is dense fog, frequent in Dubai.

See the following shots from other buildings in Dubai:-

 

[Ahmad]

hard work and honesty...........

lol i have been doing this for many many years, but got nowhere, so another advice is required.

 

[Windjammer]

Because of the economic situation in Dubai, Burj al Khalifa will be the last building that is completed in a while. The company Emaar is concentrating on other markets now becuase Dubai crashed badly and things are very bleak at the moment.

Here are some of their Pakistani Projects.

Emaar PAKISTAN - Emaar

The other companies too have shifted towards other countries in order to find a new scapegoat to fund all their projects.

I am sure that UAE provided a bail out package for Dubai.
The news is that the oil wells will dry up in next 25 odd years hence the big time investment into the real estates to keep the life line open.

 

[WAQAS119]

lol i have been doing this for many many years, but got nowhere, so another advice is required.

your lottery and other such activities may be spoiling your good work.
Just trust Allah, work hard and leave all activities like lottery or betting etc.

 

[mjnaushad]

so what is the right way to become rich? i asked this question already.

Honest advice

Rob a bank.....

 

[Windjammer]

lol i have been doing this for many many years, but got nowhere, so another advice is required.

I don't know which country you originate from but investing into property has never proved disappointing.

 

[sparklingway]

I don't know which country you originate from but investing into property has never proved disappointing.

If there is one thing that pisses me off in the economic world, it is the speculative bubble that is the real estate market. It has rocked every inch of every economy in the world yet we seem to have no control over this bubble in any way.

 

[sur]

...Jumeirah 3 near the Spinneys. I didn't do much shopping there, just was awe struck by visiting places like Atlantis, Bab El Shams etc...
...

Spinneys = thorny place/jungle
Atlantis
Bab el Shams = sun-gate ~ star-gate

Sounds like illuminati/Freemasons...

 

[Hyde]

so what is the right way to become rich? i asked this question already.

marry a rich girl who has no brother or anyone to claim her father's wealth

 

[Windjammer]

If there is one thing that pisses me off in the economic world, it is the speculative bubble that is the real estate market. It has rocked every inch of every economy in the world yet we seem to have no control over this bubble in any way.

I can only speak from personal experience as it has proved a viable option, the UK Property Market, which surged manifolds in the last decade, was given open prediction to go through the floor.
It experienced a dip but didn't exactly grind to halt and if anything, it's on rebound.
And something worth a wry smile, in December 2002, a well meaning dealer offered me a piece of waste land for merely RS. 600000. I declined since it was out of city bound, well, just last year, it shifted hand for almost RS. 30,00000. The irony is not a single brick was erected. Any wonder why the Bahria Town guy drives around in a Rolls Royce Phantom.!!!!

 

[T-Faz]

I am sure that UAE provided a bail out package for Dubai.
The news is that the oil wells will dry up in next 25 odd years hence the big time investment into the real estates to keep the life line open.

The bailout package would not really help a hostile market which Dubai is, many have commented on the situation of Dubai which is always hostile and unpredictable. The bailout was just to stabilize Dubai from a collapse that would have really hurt the stakeholders

I mean why would you invest in Dubai now, there does not seem to be any incentives that will come out of investing in the Dubai Real Estate Market.

 

[Windjammer]

The bailout package would not really help a hostile market which Dubai is, many have commented on the situation of Dubai which is always hostile and unpredictable. The bailout was just to stabilize Dubai from a collapse that would have really hurt the stakeholders

I mean why would you invest in Dubai now, there does not seem to be any incentives that will come out of investing in the Dubai Real Estate Market.

My dear, the guy who posted me these pictures is albeit a top notch in a financial institution based in Blue Area but deals big time in and around UAE, i posed the relative point to him and this was his reply.....

Market has started resurrecting, there is funds insertion going on to revive the paradise.

If you like, i'll PM you his credentials.

 

[Peregrine]

Hi
Dubai's major revenue comes from tourism, real estate etc & not from oil, so if they need to maintain a steady flow of revenue they are gonna need a lot more than bail out packages, so far tourism in Dubai is going great but there is no doubt that Dubai has no natural beauty like Pakistan or Iran. just imagine the land of Islamabad with infrastructure of Dubai

 

[T-Faz]

My dear, the guy who posted me these pictures is albeit a top notch in a financial institution based in Blue Area but deals big time in and around UAE, i posed the relative point to him and this was his reply.....

If you like, i'll PM you his credentials.

His outlook might be different and though Dubai has stabilized, the situation is such that people are being driven towards Abu Dhabi. I am not assuming but I know the hard facts that are coming out of that place. Here, read this and you will a little about what I mean about the situation in Dubai.

Dubai vs Abu Dhabi - beaches or bonuses? | beyondbrics | FT.com

It sure is not ideal though they are trying, financial institutions remain there but as the blog piece from Financial Timed says and I quote.

But there isn’t as much banking business these days, prompting wags to dub it Dubai International Food Court, thanks to the long lunches enjoyed by bored bankers.