A ghost town called Dubai is in the making at a frantic speed!

[Rusty]

If you guys have money, no better place to invest than London........hands down!

How about Japan?

 

[Tokhme khar]

Very bad here bro.......Japan is in a perpetual recession. It will never end.

Only some areas in Tokyo Osaka and Yokohama booming, but the rest of the country....shit, we are losing 300,000 citizens per year and there is a total population implosion. Coupled with the Japanese xenophobia, here property market is dead in the water.

Many small Japanese town many houses empty as the kids move to bigger cities, the parents die off or move to nursing homes and the houses lie vacant.

There are 8 million empty homes in Japan! Just imagine......lol In rural Japan, you can buy a small house for $50.........but no one wants to as the small town only has old people and half the houses are empty!

Japan has some serious population decline issues now. Not enough people and they won't allow foreigners to come here.

How about Japan?

 

[Michael Corleone]

dont buy property in dubai as investment... should be bought only for living....
i remember the prices properties were sold in dubai after the economic depression of 2008... if my dad used the money he used for buying an appartment in bangladesh... he could have atleast 10 houses...
now the prices are in a bubble again waiting to burst one by one

 

[Sinnerman108]

Very bad here bro.......Japan is in a perpetual recession. It will never end.

Only some areas in Tokyo Osaka and Yokohama booming, but the rest of the country....shit, we are losing 300,000 citizens per year and there is a total population implosion. Coupled with the Japanese xenophobia, here property market is dead in the water.

Many small Japanese town many houses empty as the kids move to bigger cities, the parents die off or move to nursing homes and the houses lie vacant.

There are 8 million empty homes in Japan! Just imagine......lol In rural Japan, you can buy a small house for $50.........but no one wants to as the small town only has old people and half the houses are empty!

Japan has some serious population decline issues now. Not enough people and they won't allow foreigners to come here.

Very sad,
how could the Japanese not foresee this and plan accordingly ?

 

[Fledgingwings]

Who would spend most of his money buying property in a desert? Only money launderers, theifs and master criminals.Dubai was a forced heaven upon the face of mother nature every thing was brought here which never was meant to happen or take place in desert at the first place so after all that forces hype,whatever goes up,must come down.

 

[Maarkhoor]

why is that so?

The introduce VAT....Tourist stop coming and that is why hotels are being shutdown....Who will come to Dubai for business when you have to pay extra 5% along with 5% duty?

 

[Nilgiri]

I guess this is what happens when you use slave labor and interest based loans to build artificial cities full of bars, nightclubs and gambling venues.

And this will be the fate of all modern cities. Modernity is an illusion.

@Psychic @Nilgiri @dsr478 @Metanoia

Well said buddy.

Blind aping makes empty zoos in the end.

 

[Cybernetics]

Very sad,
how could the Japanese not foresee this and plan accordingly ?

Japan got economically harvested through the plaza accord(creating a bubble) and other measures.

I think Japan is looking at a longer term demographic correction, currently they are just riding out the elderly cohort.

I guess this is what happens when you use slave labor and interest based loans to build artificial cities full of bars, nightclubs and gambling venues.

And this will be the fate of all modern cities. Modernity is an illusion.

Im curious to learn about an alternative to interest based system, got any ideas?

Interest based is popular since it provides incentives for the lender(any one with savings is a lender directly and indirectly) to lend money. Interest rates through a market mechanism also provides a relatively accurate insight into the risk profile of borrower. It provides liquidity for the system and evaluates risk.

Not all borrowers can pay back the entire loan. Interest system essentially empowers those good with money and those who provide capital with fertile ground. Those good with money will get more of it while those bad with money will find it harder to acquire money.

 

[Clutch]

Dubai is a city built by con-men for con-men!

Its literally castles built on sand by slaves... No human rights, no freedom, fake mafia hideout.b

The sooner it burns down, the better.

 

[Tokhme khar]

We as muslims cannot accept this interest and usury culture. Many people accuse us muslims of copycatting the western model in banking. However this is false news because usury from where interest banking/ finance are derived is illegal in our culture!

Eslamic banking is the answer! You find me one Eslamic bank that has gone under. Not in Iran, and it will never happen, because greed is un-eslamic to begin with. You can't from the get go be conditioned to abuse the poor!

Japan got economically harvested through the plaza accord(creating a bubble) and other measures.

I think Japan is looking at a longer term demographic correction, currently they are just riding out the elderly cohort.

Im curious to learn about an alternative to interest based system, got any ideas?

Interest based is popular since it provides incentives for the lender(any one with savings is a lender directly and indirectly) to lend money. Interest rates through a market mechanism also provides a relatively accurate insight into the risk profile of borrower. It provides liquidity for the system and evaluates risk.

Not all borrowers can pay back the entire loan. Interest system essentially empowers those good with money and those who provide capital with fertile ground. Those good with money will get more of it while those bad with money will find it harder to acquire money.

 

[Communist Indian]

right time to invest in real estate.

@Saif al-Arab how Saudi real estate market is doing now days ? Any news on mega city you guys are building ?

 

[T-Rex]

Left Bank at Madinat Jumeirah to close

Long-standing Dubai bar to close on the same day as The Agency.

By Scott Campbell
20 June 2018

Just this week we brought you the sad news that Souk Madinat Jumeirah favourite The Agency is closing its doors.

Now another of the complex's bars – Left Bank – is shutting down on the same day.

Both of the venues close for the final time on Saturday June 30, but it's not all bad news.
Left Bank has slashed prices on beverages for the next two weeks, with all drinks costing between Dhs25 and Dhs35.

The offer is valid while stocks last, and it's a great chance to take in those great terrace views of the Madinat waterways while you still can.

Meanwhile, as we've already reported, The Agency is cranking open its premium cellars with bubbly and cheese offers available on Wednesday June 20 through until Friday 22.

A ghost town called Dubai is in the making at a frantic speed!

Emirates Towers most restaurants have shut!

Souk al Bahar most restaurants and stores have shut!

Bur Juman and Wafi mall are DEAD!

Al Ghurair, Arabian Center and Sunset mall are mostly dead!

Lamcy Plaza caught fire in Mar 17 and was to open in Aug 17 but shut till now!

Gold souk in Deira and Bur Dubai stores are empty for the first time in 40 plus years!

Karama people can find parking for the first time since 2000 with majority stores shut.

New Gold Souk and Gold souks of Festival city and Dubai mall have all closed stores.

Hotels like Savoy Crest, Panorama, Jormand, Ramada, Richmond have all shut!

Now the latest ghost area is Madinat Jumeirah where the owner of Pacha club ran away in 2016 which remains shut.

Now the iconic Left Bank and Agency bars since 15 years are shutting!

Neighbouring Jumeirah beach hotel is shut for “repairs” while 360 degree bar and all restaurants shut!

Dubai Miracle Garden and Dubai Safari Park are shut too. Bollywood Park could shut any day.

Abraaj & UBL have just fired hundreds last week. Grant Thornton could go bust.

With thousands of students leaving this month onwards from schools and Etisalat connections shut for 30,000 in Apr 18, Dubai’s evolution to a ghost city is nearing completion by Sept 2018!

And yeah property is selling for 500 dirhams per square ft instead of 2,500 dirhams a few years ago!

http://www.timeoutdubai.com/bars/news/84208-left-bank-at-madinat-jumeirah-to-close

I say nuke this kingdom of whores and charlatans!

 

[AZADPAKISTAN2009]

Pakistan can integrate UAE as a Province if they are in crisis to help them out

 

[padamchen]

Very bad here bro.......Japan is in a perpetual recession. It will never end.

Only some areas in Tokyo Osaka and Yokohama booming, but the rest of the country....shit, we are losing 300,000 citizens per year and there is a total population implosion. Coupled with the Japanese xenophobia, here property market is dead in the water.

Many small Japanese town many houses empty as the kids move to bigger cities, the parents die off or move to nursing homes and the houses lie vacant.

There are 8 million empty homes in Japan! Just imagine......lol In rural Japan, you can buy a small house for $50.........but no one wants to as the small town only has old people and half the houses are empty!

Japan has some serious population decline issues now. Not enough people and they won't allow foreigners to come here.

Sounds like Parsis on a nation wide scale.

Cheers, Doc

 

[pak-marine]

Left Bank at Madinat Jumeirah to close

Long-standing Dubai bar to close on the same day as The Agency.

By Scott Campbell
20 June 2018

Just this week we brought you the sad news that Souk Madinat Jumeirah favourite The Agency is closing its doors.

Now another of the complex's bars – Left Bank – is shutting down on the same day.

Both of the venues close for the final time on Saturday June 30, but it's not all bad news.
Left Bank has slashed prices on beverages for the next two weeks, with all drinks costing between Dhs25 and Dhs35.

The offer is valid while stocks last, and it's a great chance to take in those great terrace views of the Madinat waterways while you still can.

Meanwhile, as we've already reported, The Agency is cranking open its premium cellars with bubbly and cheese offers available on Wednesday June 20 through until Friday 22.

A ghost town called Dubai is in the making at a frantic speed!

Emirates Towers most restaurants have shut!

Souk al Bahar most restaurants and stores have shut!

Bur Juman and Wafi mall are DEAD!

Al Ghurair, Arabian Center and Sunset mall are mostly dead!

Lamcy Plaza caught fire in Mar 17 and was to open in Aug 17 but shut till now!

Gold souk in Deira and Bur Dubai stores are empty for the first time in 40 plus years!

Karama people can find parking for the first time since 2000 with majority stores shut.

New Gold Souk and Gold souks of Festival city and Dubai mall have all closed stores.

Hotels like Savoy Crest, Panorama, Jormand, Ramada, Richmond have all shut!

Now the latest ghost area is Madinat Jumeirah where the owner of Pacha club ran away in 2016 which remains shut.

Now the iconic Left Bank and Agency bars since 15 years are shutting!

Neighbouring Jumeirah beach hotel is shut for “repairs” while 360 degree bar and all restaurants shut!

Dubai Miracle Garden and Dubai Safari Park are shut too. Bollywood Park could shut any day.

Abraaj & UBL have just fired hundreds last week. Grant Thornton could go bust.

With thousands of students leaving this month onwards from schools and Etisalat connections shut for 30,000 in Apr 18, Dubai’s evolution to a ghost city is nearing completion by Sept 2018!

And yeah property is selling for 500 dirhams per square ft instead of 2,500 dirhams a few years ago!

http://www.timeoutdubai.com/bars/news/84208-left-bank-at-madinat-jumeirah-to-close

No source to the thread !!