what makes Dubai's architectural market so hot?

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Mostafa



Joined: 08 Jan 2007
Posts: 15
Location: Cairo, Egypt

PostPosted: Mon Jan 22, 2007 1:30 am    Post subject: Reply with quoteFind all posts by Mostafa

Hello, thanks guys for this wonderful conversation. I'm an architect in Egypt, & things are rather steady & boring here, not so much money for investment in building like Dubai. I'd love to see such revolution in our country, I wouldnt care what's the reasons, I just wanna feed my family! Very Happy

I'm really enjoying this thread, Solidred, yeah I've seen the same here with investors from Qatar coming to our company & it was ... wooww , like the king himself is coming, hahah !!

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elisa kouloumenta



Joined: 24 Sep 2006
Posts: 110
Location: greece

PostPosted: Mon Jan 22, 2007 1:44 am    Post subject: Reply with quoteFind all posts by elisa kouloumenta

Hi Mostafa, i've been to Egypt and i think it's a very beautiful country and there's so much for a tourist to see...You shouldn't hope for a development like Dubai to come, because i don't think that it would help you feed your family, but a few big companies. Egyptians are very warm people, and i loved Egypt just the way it is.Taba, Sharm El Sheikh-the greatest beach...
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archiwei



Joined: 29 Dec 2006
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PostPosted: Tue Jan 23, 2007 9:39 pm    Post subject: Reply with quoteFind all posts by archiwei

America printed tons of US$$. Too many cash on the market. They have to find a way to spend it. First, buy resources like oil, steel, coal, gold,.... Second, invest to real estate......

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Architorture
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Joined: 31 Jul 2004
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PostPosted: Wed Jan 24, 2007 5:44 am    Post subject: Reply with quoteFind all posts by Architorture

well global US cash demand is what drove that- it is the reserve currency of choice after all- especially in the middle east where all OPEC business is conducted in US dollars.
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Mostafa



Joined: 08 Jan 2007
Posts: 15
Location: Cairo, Egypt

PostPosted: Mon Jan 29, 2007 10:57 pm    Post subject: Reply with quoteFind all posts by Mostafa

Hi elisa, I'm glad you liked Egypt that much, I've read many peoples opinions about Africa in general, & they think the most recent architecture development was the Giza Pyramids. I'm glad to meet someone who really knows some beautiful side of our Egypt.

About Dubai, I think it's not the only place for that revolution, as Qatar, especially Doha is having such a revolution in development & it's so obvious that Oil has somthing to do with this.

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archiwei



Joined: 29 Dec 2006
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PostPosted: Wed Feb 07, 2007 1:05 am    Post subject: Reply with quoteFind all posts by archiwei

It seems like the Dubai's architectural market will continue to be hot in the coming years. So my next question is how long it will last? what kind of facts effect it?
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jurovi



Joined: 13 Feb 2007
Posts: 6

PostPosted: Tue Feb 13, 2007 6:08 pm    Post subject: Reply with quoteFind all posts by jurovi

Did you guys know that Crude Oil percentage in the Arab Emirates (included Dubai) is less than 15% of their richness?
What does this means? This means that Emirates government has worked hard in the last decades and have achieved a level of trade and business able to subsist and survive in the case oil sources are emptied.
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Architorture
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Joined: 31 Jul 2004
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PostPosted: Tue Feb 13, 2007 6:38 pm    Post subject: Reply with quoteFind all posts by Architorture

you do realize to lose 15% of ones economy is hardly a small problem

especially if the current development pays absolutely no attention to the fact that fossil resources are disappearing quickly...

anyone watch the recent golf match there? who thinks artificially watering a PGA style golf course in the middle of the desert is sustainable?
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AP



Joined: 31 Mar 2005
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Location: UK

PostPosted: Thu Feb 15, 2007 9:52 am    Post subject: Reply with quoteFind all posts by AP

Economically or ecologically? Wink
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Architorture
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PostPosted: Thu Feb 15, 2007 10:43 am    Post subject: Reply with quoteFind all posts by Architorture

or even meteorologically

they had guys out there sweeping the sand off the course... if they get hit with a few good sand storms it'll just be one big sand bunker
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archiwei



Joined: 29 Dec 2006
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PostPosted: Thu Mar 08, 2007 10:34 pm    Post subject: Reply with quoteFind all posts by archiwei

any other ideas?
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mx2
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Joined: 18 Jan 2006
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Location: Miami, Florida

PostPosted: Fri Mar 16, 2007 4:26 pm    Post subject: Reply with quoteFind all posts by mx2

What little knowledg I have of Dubai is, first, it's been booming for a decade and now exponentitally so...but any place that lands Halliburton raises my suspicion of the value of the real estate. What I mean is, they were doing big business in the region, and with no taxes (corporate or personal) all I see is a land grab with big chunks of buildings being squeezed in every nook and cranny (even dredging out in the water I hear) makes me wonder what is/will sustain this mad drive? I'ce always beleived that slow growth is healthy...fast growth always, always leads to a hard crash!

My ony hope is that there has been some contribution to large publis spaces...not just rows of private megalopolistic phalluses...

mx2.5

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Architorture
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PostPosted: Sat Mar 17, 2007 10:02 am    Post subject: Reply with quoteFind all posts by Architorture

actually most of the land is retained by the royal family with developers only holding long term leases to build on the property...

if for whatever reason they lose favor [delays, design, politics] the land can be immediately reposessed by the royals- building and all
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AM Putra



Joined: 24 Dec 2006
Posts: 59
Location: Indonesia

PostPosted: Sat Mar 17, 2007 5:53 pm    Post subject: Reply with quoteFind all posts by AM Putra

People say that Dubai is the "Heaven of Asian Architecture". But reading the phenomenon, that the growth of the development in Dubai is very rapid, as what grown up there is only such a "tall crap skyscraper competition'. Now I'm solidly call Dubai as "Lesser Soul of Architecture".
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Architorture
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PostPosted: Thu Apr 12, 2007 5:26 pm    Post subject: Reply with quoteFind all posts by Architorture

i agree... even though it is a booming city it doesn't have the character of places like nyc, london, chicago, hong kong even....

only time will tell though
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