Dubai and oversupply

[DoBuy]

Originally Posted by John

The issue of Government being in control is a major factor in my opinion. This new Dubai as we see it is the result of a LOT of planning. The property boom there is only one element of what's going on. I would expect a lot more action being taken by the powers that be in the next couple of years to ensure the new business areas do what they have been designed to do.

The Goverment cannot guarantee there will be no oversupply.Its not that easy.They can decide whether to release more land for building so in that way thaey have some control.However,I believe they are in the dark as much as everyone else with regards to will the properties be filled.As for making sure the business areas do what they are suppose to do,Silicon Oasis still is pretty empty.

[DAYFox]

Originally Posted by Rammah

Strategic plan 2015 is a great read about this topic! Everyone should google it and read. if you struggle finding it, I'll be able to email it to you. pm me but expect a bit of delay in responding if you do so.

http://egov.dubai.ae/opt/CMSContent/...ments/DSPE.pdf

[mpat]

Originally Posted by DoBuy

The Goverment cannot guarantee there will be no oversupply.Its not that easy.They can decide whether to release more land for building so in that way thaey have some control.However,I believe they are in the dark as much as everyone else with regards to will the properties be filled.As for making sure the business areas do what they are suppose to do,Silicon Oasis still is pretty empty.

Hi.Not only silicon oasis , most of the projects in marina , international city , lagoon DIP are pretty empty at present.In international city , almost all buildings are showing sign boards " TO LET or FOR SALE " . Generally design and planing is done based on 40 to 60 % occupancy level.What you guys think?