Quote:
Originally Posted by mpat
Oversupply is there for sure in terms of availability in 2010.I am in dubai and I see 200 % construction going on in every field of life than what is available at present.you take any exmaple;Malls , they are going to multiply the shoppig malls by almost double in a year.public transport , they are going to double in 2 years,airport is coming up which is claimed to be of heathrow standards.offices , residents are countless projects . roads , rails marine transport everything is done just to claim the biggest and the highest in the world ; sports facilities, they are building worlds first purpose built sports city.I am really thinking about all these amount of construction will get their required power supply when operational.I heard very little from DEWA(dubai electricity and water authority)
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Supply will be much more than today and that's of course a reality. The more time passes, the more buildings are completed, and then supply adds. However, I thought you meant that "oversupply" such as "more supply than demand", and that's where i disagree.
The amount of jobs availability will eventually soar simultaneously. The same will apply to the number of tourists/ visitors.