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Dubai Real Estate: A Road Ended Or A Journey Beginning?}

Dubai Real Estate: A road ended or a journey beginning?

by

RobertMartin

A glittering cityscape, a mystical fairyland with towers rising high into the sky, the playground of the rich and famous, the business hub of the Middle East, a desert principality by the shimmering blue waters of the Gulf, a manmade paradise there is no one single description that has been coined that can encapsulate the essence of Dubai in a single catchphrase.

Yet is this paradise really a Utopian fantasy or is the story of Dubai and its properties merely a facade to conceal a far more grim reality? The real estate crash in 2009 changed several ground realities in Dubai real estate. Yes it continues to remain a glittering metropolis with excellent sunny weather, an appealing exchange rate, a swinging city that is cosmopolitan in flavor and an epitome of globalization. Dubai is a city that has reinvented itself to suit the needs of all cultures and conventions. It continues to be a haven for retired expatriates, or even for those who wanted safe and secure returns on their investments. But there have been paradigm shifts in perceptions, in how the world views Dubai and its real estate. Wariness has crept in, a disenchantment with what seems to be merely an ostensible appearance. The crash in Dubai markets sent ripples of unease through investors around the globe .Dubai real estate no longer seemed the safest avenue to park excess funds. Some of the gloss had seemed to have worn off plush addresses like the Jumeirah Beach Residence, The Villa and Bay Avenue. These much sought after addresses were no longer the flagship premises of a booming Dubai real estate market.

[youtube]http://www.youtube.com/watch?v=agoU3AhgTUI[/youtube]

Yet there are those who view this so called crash with a more realistic and practical view. They say that the Dubai real estate had become a conglomerate of property asset bubbles that were long overdue bursting. The crash was not really a catastrophe, it was indicative of a correction that was six years in the making. A six year long boom that had morphed endless drifts of sand dunes into some of the most prized Dubai real estate addresses and turned a desertscape into a tribute to unstoppable capitalism came to a grinding halt in 2009. Projects were shelved and promoters were cagey of continuing ongoing additions to the Dubai real estate market.

Whereas earlier the Dubai real estatescenario was dominated by the ‘wow factor’, today there is a healthy dose of practicality that has made its place. No longer is real estate in Dubai merely catering to the uppermost echelons of the rich set. There has been a perceptible shift to middle class and even lower income group housing. The spectrum has broadened to include these hitherto unexplored market segments. Moreover, Dubai real estate is now aiming for as much local investment as can be procured. Excessive dependence on foreign funding has tapered down. Instead of investor driven property, there has been a move towards end user driven property. Thus actual homes are being built for families who will actually and definitely shift in.

Today Dubai has picked itself up and is once again beginning its way to success. Dubai real estate still is prized by many.maybe not the same investor profile as before, but it is a more real scenario, one that will survive the vagaries of the global trends. Dubai real estate is slowly and surely making its way back to the world stage, in a different avatar no doubt, but no less important.

Robert Martin is associated with a renowned real estate agency Rockyrealestate.com in Dubai. He is excelled in fostering Dubai property deals to the benefit of city dwellers in and around Dubai real estate marketplace.

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Dubai Real Estate: A road ended or a journey beginning?}

United States begins testing equipment for demolition of a major VX nerve gas stockpile

Saturday, May 7, 2005

Testing began on a chemical reactor at the Newport Chemical Depot near Terre Haute, Indiana on Friday morning. If successful, the reactor will be put to use destroying the large VX nerve gas stockpiles stored at the facility over the course of the next two years. After the disposal project experienced several delays, the facility announced it would begin pumping VX into a completed disposal unit for testing. The unit consists of a chemical reactor in which the VX will be mixed with water and sodium hydroxide, heated to 194°F while mixed with paddles. The resulting chemical, called hydrolysate, is chemically similar to commercial drain cleaners and has similar properties. If the test is successfully completed , the unit will continue processing the VX until the entire stockpile has been neutralized, a process projected to take two years. Administrators expect to complete testing on May 10, 2005.

According to the controversial plan, the finished waste product would be shipped to New Jersey for final reprocessing. The inert chemical would then be emptied into the Delaware River where natural attenuation would occur.

Residents near the proposed river disposal site in New Jersey oppose this idea. The contractor for the final component of this disposal would be the DuPont Corporation.

NCD is a bulk chemical storage and destruction facility in west central Indiana, thirty miles north of Terre Haute. Originally founded during World War II to produce RDX, a conventional explosive, it later became a site for chemical weapons manufacturing during the Cold War. It is now used to securely store and gradually neutralize part of the US stockpile of VX.

VX was manufactured by the U.S. in the 1950s and 60’s as a deterrent to possible Soviet Union use. It was never deployed, and the manufacture was halted in 1969 after an order signed by then-president Richard Nixon.

In 1999, the Army announced it awarded a disposal contract to Parsons Infrastructure & Technology, Inc., a business unit of Parsons Corporation. Some 220 civilian Parsons employees work at the facility, which is supervised by an Army officer reporting to the U.S. Army Chemical Materials Agency, and a board of civilian government overseers called the Indiana Citizens’ Advisory Commission, some of whose members are appointed by the state governor.

Security at the facility is controversial. A private security service, supplemented by a complement of Indiana National Guard soldiers, guarded the facility until April 14, 2005, when the soldiers were withdrawn. An Indianapolis television station has questioned security measures in some of its special reports.

Arson suspected in Namdaemun gate fire in Seoul

Monday, February 11, 2008

Around 8:50 p.m. Korean Standard Time (11:50 UTC) on Sunday, a fire broke out at Sungnyemun Gate (more commonly referred to as Namdaemun Gate), one of the most iconic South Korean landmarks, located in the center of Seoul.

Approximately 30 firetrucks and 90 firefighters were sent to the site and were able to bring the initial blaze under control by around 10:30 p.m.

However, around 10:40 p.m., the fire rekindled at the second floor of the gate, as firefighters were in the process of extinguishing embers. By 11:00 p.m. the fire had spread over to the roof of the gate. The Korean Fire Department reports that the second blaze had started as the Department was seeking permission from the Korean Cultural Heritage Administration to dismantle parts of the gate in order to stop any possible further fires from spreading.

At about 12:40 a.m. of the 11th, the second floor had collapsed, and the fire was spreading to the first floor; at 1:50 a.m. the first floor collapsed.

Officials have yet to reach a conclusion on the origin of fire, and have presented three possibilities; arson, electric faults or accidental origins.

As the interior of the second floor of the Gate is off-limits to civilians, the Korean Fire Department initially eliminated the possibility of arson, and stated that an electric short or spark from the electric lighting could have been the cause. This possibility was later discarded as a firefighter reported, after examination, that there was no electric wiring on the second floor, as Korean Cultural Heritage Administration regulations prohibit it.

Three eye-witnesses have submitted testimonies. A taxi driver has reported seeing a man in his fifties climb up the staircase carrying a shopping bag, shortly after seeing sparks. Police have stated that the driver’s testimony differs in several crucial factors from the other two witnesses.

Firefighters have reported finding two cigarette lighters on the second floor, inceasing the possibility of arson as the cause.

Police have been unable to obtain evidence from the four closed circuit televisions(CCTVs) installed around the gate.

Officials of the Korean Cultural Heritage Administration have stated that restoration will take two to three years and will cost 20 billion won, equivalent of 21 million USD.

Officials report that no sprinklers or fire alarms were installed inside the gate, and only eight fire extinguishers were placed on both the first and second floor.

Namdaemun, built during the Joseon Dynasty, is the oldest wooden structure in Seoul and was entitled ‘National Treasure No. 1’ in 1962 after restoration.

In recent years, arsons started by evangelical Christians have damaged many Buddhist temples and Korean momuments.

Polish drug company Jelfa ordered to shut-down over mislabelled drugs

Wednesday, November 8, 2006

Polish Prime Minister Jaros?aw Kaczy?ski has ordered the pharmaceutical company Jelfa to halt production following revelations that Jelfa had placed mislabelled medication on the market, whose use could be potentially fatal.

Jelfa distributed vials labelled as Corhydron, a hydrocortisone used to treat allergies and inflammation, but in fact containing Suxamethonium chloride, a drug normally used to cause muscle paralysis during emergency surgery.

The Health Ministry has appealed to people suffering from asthma or allergies to check their medication and return any Corhydron ampoules they possess to the pharmacy.

Polskie Radio reports that the mislabelling was discovered a month ago, but Jelfa and the Polish Health ministry did not inform of the problem.

Prime Minister Jaroslaw Kaczynski ordered Jelfa to halt production until it can assure the Polish Government that it can properly manage its production.

The Polish Outlook reports that that drug companies in Poland were operating unregulated since December, 2005 as the regulations has expired. The government was putting in place new regulations.

The owner of Jelfa is AB Sanitas, the largest drug producer in neighbouring Lithuania. The shut-down has been questioned by the Lithuanian Prime Minister Gediminas Kirkilas, who expressed concern over the situation and said that he wants to try to settle the issue diplomatically.

Pop culture celebrated at Fan Expo Canada 2016 in Toronto

Wednesday, September 7, 2016

The 22nd Fan Expo Canada took place at the Metro Toronto Convention Centre this weekend, attracting thousands to the event, one of the most popular in North America. Crossing between the genres of science fiction, horror, anime, fantasy and comics, the event sprawled throughout all corners of the facility. Hundreds of vendors offered products new and old, joined by celebrity guests like Stan Lee, Mark Hamill, and Margaret Atwood. Various local fan organizations were there in a charitable capacity, and thousands of fans donned costumes, many of which they themselves created.

Atwood, a Booker Prize-winner, was there to launch her graphic novel Angel Catbird, with illustrator Johnnie Christmas. Lee was making his final Canadian convention appearance, part of a larger farewell tour. Hamill’s schedule included a panel with Kevin Conroy, the voice of Batman in Batman: The Animated Series, in which the Star Wars lead played the Joker.

Ubisoft, Microsoft, and PlayStation VR all had large areas set up for attendees to try their latest games. In the 20-minute PlayStation VR demonstration of Batman: Arkham VR, players are dropped down a secret elevator in Bruce Wayne’s manor, to the Bat Cave, to suit up. From there, the demonstration took players to investigate the murder of Nightwing.

The Northern Arena Esports Championship ran throughout the weekend, facing off teams of video gamers in a packed hall. Even in early rounds, the event was well attended, with the stands full of gamers, watching the matches with live colour commentary. The finals saw US team Cloud9 and Immortals, from Brazil, face off in Counter-Strike: Global Offensive. Both unbeaten teams going in, the Brazillian team won the championship and $50,000.

Gameplay was delayed during the “third map” (third round) of the finals, when one Immortals player was caught with their headset off. After nearly half an hour, the team was deducted a point, leading to a sudden but temporary rush of success by the US team.

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The Canadian garrison of 501st Legion returned with their setup of photo-ops, with proceeds to the Make-A-Wish Foundation.

Volunteer organization Comic Corps of Canada collects donations of comics, to distribute to children and youth in the hospital. Along with collecting comics on-site, the group was fundraising through raffles and button sales.

Other charitable fan-based groups included The Ontario Ghostbusters, Doctor Who Society of Canada, and Klingon Assault Group.

The thousands of cosplay outfits on parade around the various halls offered a tremendous cross-section of genres and eras of pop culture. The majority of outfits involved at least some elements made from scratch, a fantastic display of craftsmanship. Of the thousands, Wikinews spoke with a cosplayer going by the name “The Katherinator”. She was outside the building in the gardens, waiting for a photographer she had arranged to shoot her new Epic Mickey costumed character-style outfit. With shoes as wide as a forearm, and a rigid torso of carved foam, she remained exuberant even when caught in the traffic between halls, many hours into wearing the outfit.

Disney

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Superheroes

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Anime

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Video games, movies, and more

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2006 U.S. Congressional Elections

Wednesday, November 8, 2006

Contents

  • 1 Issues
  • 2 Campaigns turn nasty
  • 3 Polling Problems
  • 4 Summaries by state
  • 5 Alabama
  • 6 Alaska
  • 7 Arizona
  • 8 Arkansas
  • 9 California
  • 10 Colorado
  • 11 Connecticut
  • 12 Delaware
  • 13 Florida
  • 14 Georgia
  • 15 Hawaii
  • 16 Idaho
  • 17 Illinois
  • 18 Indiana
  • 19 Iowa
  • 20 Kansas
  • 21 Kentucky
  • 22 Louisiana
  • 23 Maine
  • 24 Maryland
  • 25 Massachusetts
  • 26 Michigan
  • 27 Minnesota
  • 28 Mississippi
  • 29 Missouri
  • 30 Montana
  • 31 Nebraska
  • 32 Nevada
  • 33 New Hampshire
  • 34 New Jersey
  • 35 New Mexico
  • 36 New York
  • 37 North Carolina
  • 38 North Dakota
  • 39 Ohio
  • 40 Oklahoma
  • 41 Oregon
  • 42 Pennsylvania
  • 43 Rhode Island
  • 44 South Carolina
  • 45 South Dakota
  • 46 Tennessee
  • 47 Texas
  • 48 Utah
  • 49 Vermont
  • 50 Virginia
  • 51 Washington
  • 52 West Virginia
  • 53 Wisconsin
  • 54 Wyoming
  • 55 American Samoa
  • 56 District of Columbia
  • 57 Guam
  • 58 Virgin Islands
  • 59 Sources

As of 10:00 p.m EST November 8, 2006, the Democratic Party is projected to have gained control of both the United States House of Representatives and the United States Senate in the 2006 United States general elections. MSNBC projects that the Democrats now control 234 seats in the House of Representatives, 16 more seats than the 218 needed to control the House of Representatives as all 435 seats were up for election. In the Senate, where the balance of power is closer, one-third of all seats were up for grab. As of 10:00 p.m. EST, AP and Reuters were projecting that the Democrats had picked up all six seats they needed to retake the Senate, including the seats of incumbents Rick Santorum (Penn.), Lincoln Chafee (R.I.), Jim Talent (Missouri), Mike DeWine (Ohio), John Tester (Montana), and Jim Webb (VA). The Tester victory by less than 3,000 votes was projected at approximately 2 p.m. EST after the State of Montana announced the results of overnight recounts. Democrat Jim Webb has prevailed in that race by slightly more than 7,000 votes, though his opponent has not conceded and a recount may still occur.

Ontario Votes 2007: Interview with Family Coalition Party candidate Kristen Monster, Willowdale

Wednesday, October 3, 2007

Kristen Monster is running for the Family Coalition Party in the Ontario provincial election, in the Willowdale riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

National Hockey League news: February 16, 2008

Saturday, February 16, 2008

There were 5 games played in the National Hockey League on February 15, 2008.

Contents

  • 1 Game summaries
    • 1.1 Atlanta Thrashers @ New Jersey Devils
    • 1.2 Washington Capitals @ Florida Panthers
    • 1.3 Columbus Blue Jackets @ Detroit Red Wings
    • 1.4 Dallas Stars @ Anaheim Ducks
    • 1.5 Calgary Flames @ Los Angeles Kings
  • 2 Other news
  • 3 Sources

6.9 Magnitude Earthquake strikes Solomon Islands

Saturday, May 23, 2015

An earthquake hit close to the Solomon Islands, in the early hours of Thursday morning. It was about 184 kilometres from Lata and 487 kilometres from the capital Honiara. The US Geological Survey has stated that Tsunami warnings are yet to be released and that no major damage occurred.

The quake was 6.9 in magnitude and hit a depth of 19 kilometres. It was then followed by a smaller 4.9 magnitude aftershock.

The geographical position of the Solomon Islands places them in ‘the ring of fire’, an area of tectonic activity in the basin of the Pacific Ocean that is subject to frequent earthquakes and volcanic eruptions.

“This is one of the most active seismic regions in the world — in the last three years we have had 30 plus earthquakes of over 6.0 magnitude,” Geoscience Australia Duty Seismologist Marco Maldoni told AFP.