If this recent global lending
crisis has proven anything throughout the chaos, it's that markets
worldwide have never been as integrated and interdependent as they are
now. When leaders of the most powerful countries are under constant
duress to issue assuring statements of caution, and pledges to put tax
payers' money to good use under growing deficits, it's obvious that
this ominous atmosphere has everyone's guard up. Governments in the
United States and the European Union are making daily decisions on
which faltering companies should be saved and which should be left to
go under. So, if it has come to a matter of staying afloat on emergency
loans or sinking, does it make sense to drive against the economic tide
by showcasing multibillion-dollar real estate projects?
Well, Dubai did exactly that recently during its seventh annual
Cityscape exhibition. Involving over a thousand exhibitors from around
the world, Cityscape 2008 opened on a particularly bad day for markets.
News about the recession, sharp falls on available credit and a
worldwide warning of market corrections left the stocks plunging. But
in the grand halls of Dubai's International Exhibition Centre, there
was a flurry of regional and international investors, developers,
architects and visitors left in awe. With mock displays towering up to
three stories, like Nakheel's $38 billion tower - planned to be the
tallest building in the world standing over a kilometer high -
Cityscape's message seemed to be the exact opposite of the fear and
reluctance apparent everywhere else. The mind-boggling designs on
display would all cost an enormous amount. Then why would the emirate,
which is slotted for a property prices correction of 10-20 per cent,
sponsor such costly projects?
The answer is the only word with the potential to avert a global depression, and that word is 'confidence.' With US Treasury secretary Henry Paulson making it an economic imperative, 'restoring confidence' is really the only way out. So, it's interesting to note that long before politicians and economists were able to articulate a solution, Dubai remained confident in its commitment to hosting this exciting event. Cityscape is the largest business-to-business real estate exhibition in the world. It features residential, commercial, leisure, retail and industrial projects backed by comprehensive teams of visionaries, builders and investors. It also attracts an international celebrity crowd, featuring big names such as Michael Douglas, Catherine Zeta Jones and even Sharukh Khan. It seems that Dubai is not only going against the tide of the real estate slump, but it's doing it in style and packing a big punch at the same time.
With plans to build a new Sports City and superstructures like the Dubai Pearl, the emirate has consistently proven another point clear, and that is its expanding job market. Jobs In Dubai has daily postings for positions in architecture, engineering, hospitality, construction, sales and virtually anything else you can imagine. If you want to be part of the movement challenging this recent trend of market fear, join the portal and make your mark in Dubai.
Embedded References:
http://www.youtube.com/watch?v=svSiKCOIDpg
http://www.nakheel.com/
http://business.maktoob.com/NewsDetails-20070423188482-Nakheel_pulls_off_Cityscape_coup.htm
http://www.cityscape.ae/
http://www.arabianbusiness.com/533126-cityscape?ln=en
http://news.bbc.co.uk/2/hi/business/7668704.stm
http://www.dubaipearl.com/
http://www.jobsindubai.com
http://en.wikipedia.org/wiki/Henry_Paulson
http://www.imdb.com/name/nm0000140/
http://www.imdb.com/name/nm0001876/
http://en.wikipedia.org/wiki/Shahrukh_Khan
http://www.dicec.ae/
http://www.dubaisportscity.ae/
The answer is the only word with the potential to avert a global depression, and that word is 'confidence.' With US Treasury secretary Henry Paulson making it an economic imperative, 'restoring confidence' is really the only way out. So, it's interesting to note that long before politicians and economists were able to articulate a solution, Dubai remained confident in its commitment to hosting this exciting event. Cityscape is the largest business-to-business real estate exhibition in the world. It features residential, commercial, leisure, retail and industrial projects backed by comprehensive teams of visionaries, builders and investors. It also attracts an international celebrity crowd, featuring big names such as Michael Douglas, Catherine Zeta Jones and even Sharukh Khan. It seems that Dubai is not only going against the tide of the real estate slump, but it's doing it in style and packing a big punch at the same time.
With plans to build a new Sports City and superstructures like the Dubai Pearl, the emirate has consistently proven another point clear, and that is its expanding job market. Jobs In Dubai has daily postings for positions in architecture, engineering, hospitality, construction, sales and virtually anything else you can imagine. If you want to be part of the movement challenging this recent trend of market fear, join the portal and make your mark in Dubai.
Embedded References:
http://www.youtube.com/watch?
http://www.nakheel.com/
http://business.maktoob.com/
http://www.cityscape.ae/
http://www.arabianbusiness.
http://news.bbc.co.uk/2/hi/
http://www.dubaipearl.com/
http://www.jobsindubai.com
http://en.wikipedia.org/wiki/Henry_Paulson
http://www.imdb.com/name/nm0000140/
http://www.imdb.com/name/nm0001876/
http://en.wikipedia.org/wiki/Shahrukh_Khan
http://www.dicec.ae/
http://www.dubaisportscity.ae/
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