Anyone think Dubai doesn't look good?

deek · February 13th, 2008, 10:31

Check this out:

http://www.dubai-architecture.info/DUB-GAL1.htm

You gotta hand it to them, they are thinking big.

ackeight · February 13th, 2008, 10:36

Too much damn money over there.....

wheelsup · February 13th, 2008, 10:40

What's driving all of that construction? Do that many people want to live in that climate? Isn't it pure desert? I just don't get it.

Also where does Dubai/UAE get it's money from? Is the country involved in the oil trade?

LoadMasterC141 · February 13th, 2008, 10:43

They are the oil trade. Dubai has a HUGE amount of oil reserves, but they do not have much left. So the ruler decided to invest ALL of the countries HUGE profit into developing a new economy: Tourism. It seems to be working too. I have been to Dubai and a few other places in UAE. It is actually quite pleasant.

v1valarob · February 13th, 2008, 10:50

One wish I have is to live long enough in this world to see oil run out. I wonder what in the hell that region is going to do. What else do they have to offer to the world?

On a side note I would love to live in Dubai, maybe for a year or so just for the experience. It looks beautiful.

-Rob

LoadMasterC141 · February 13th, 2008, 10:53

Umm well they are going to have tourism!

Of course it will be a little harder to get there

Snuggle · February 13th, 2008, 10:56

Wow, just amazing all the development going on out there. That's the place to be right now.

On that note, anyone at Netjets know if Netjets International is seeing a lot of business in Dubai right now? I'd assume with all this development they must be. Is Dubai a base for Netjets International?

pedro · February 13th, 2008, 11:32

that looks awesome and makes Emirates look even better(and hopefully NJI)! you can even ski/snowboard there!
http://www.skidubai.com/

mooneyguy · February 13th, 2008, 12:01

Quote:

Originally Posted by wheelsup

What's driving all of that construction? Do that many people want to live in that climate? Isn't it pure desert? I just don't get it.

Also where does Dubai/UAE get it's money from? Is the country involved in the oil trade?

They get it from you, and the rest of us...everytime you pump that $3.00 a gallon gas into your tank!

mrivc211 · February 13th, 2008, 12:05

just got back from dxb friday. Dubai has virtually no oil compared to other gulf countries. They have founded their expansion mainly from their free trade zone they operate. going back in two weeks. if you've got money to invest, nows the time.

compared to 1988 when we first moved there, it looks likew vegas of the 50's and the vegas of now(times a thousand) except it virtually happend in less than 10 years, the majority of it being from 2001-present.

AlWaYs HiGh · February 13th, 2008, 12:13

Dubai is a very cool place...I just flew a Falcon over there last NOV. for the Dubai Airshow. I was lucky enough to stay there for about a week, those buildings downtown at night make you feel like your in a Sci-fi batman gothim city type movie. Its somthing i'll never forget.

Cessnaflyer · February 13th, 2008, 12:31

Dubai seems to be an awesome place.

Kevin.Held · February 13th, 2008, 12:36

I don't see how this could be successful. With the amount of money going into these projects, the risk has to be astronomical. I don't think there are enough people in the world who will want to live there and the tourism business won't thrive if there are a bunch of rundown 100 story apartment buildings.

And really...who reasonably thinks "oh, we'll build an amusement park twice as big as Disney World and we'll attract twice as many people."

On a lighter note, it does look cool. I'd love to visit it before it's deserted

Cessnaflyer · February 13th, 2008, 12:41

It's a huge resort place for people from places other then the US. It is already hugely popular with European, Asian, and African travelers. Now they just need to get more Americans over there and it would be a world-wide sought after destination.

granlistillo · February 13th, 2008, 13:12

Quote:

Originally Posted by v1valarob

One wish I have is to live long enough in this world to see oil run out. I wonder what in the hell that region is going to do. What else do they have to offer to the world?

I hope chevy has the volt in production, and plug-in hybrids are here, or the question is what will we do? I saw last week where airbus was doing test on biodiesel jet fuel. Oil will not ever run out totally, (or ersatz oil from shale, trop fischer conversion, thermal depolymerization) but we are definitely at peak oil and it will have to make up a smaller piece of the pie. As some pundits say, we are funding both sides of the war on terror at the pump.

charlie1017 · February 13th, 2008, 13:22

The planned Dubai World Central Airport looks like a supersized version of Atlanta ...

http://en.wikipedia.org/wiki/Image:D...2_Imresolt.jpg

Swen · February 13th, 2008, 13:23

40 bucks for the indoor skiiing...nuts!

wheelsup · February 13th, 2008, 13:27

Did some more research:

Looks like they produce a large amount of oil as well. At their current rate of production they still have almost 100 years of oil production left.

Here's the kicker - they aren't waiting for those oil wells to dry up! Imagine that. They are putting money into solar production to take advantage of their year round sunny climate. A government with forward thinking...man I wonder what that would be like here?

KC Jake · February 13th, 2008, 13:56

That is some pretty interesting stuff. It's kind of funny how it lists one building as the future tallest, then it lists the next one as being taller than the previous, then it does it again!

v1valarob · February 13th, 2008, 14:09

Quote:

Originally Posted by charlie1017

The planned Dubai World Central Airport looks like a supersized version of Atlanta ...

http://en.wikipedia.org/wiki/Image:D...2_Imresolt.jpg

No such thing as a cross wind in Dubai? haha.

I can only imagine the runway incursions that this layout would produce.

-Rob

charlie1017 · February 13th, 2008, 15:12

Quote:

Originally Posted by v1valarob

I can only imagine the runway incursions that this layout would produce.

-Rob

True that...
Fortunately from the picture it seems they will put taxiways around the end of the runways so that the planes won't have to cross them.

mrivc211 · February 13th, 2008, 16:17

Currently, Dubai has the same opportunity New York City did in the 1940's. If you go for the long term, you will be heavily rewarded.

The only difference I see in the real estate market boom over there is the homes are not artificially bought as they were in the US. Over there, you cannot finance. Homes are bought in cash. So, there will be no foreclosures. Anyways, back to the regular program.

wheelsup · February 13th, 2008, 17:22

I would think Dubai and the UAE will only do well if they can replace the income from oil and then some. If they fail to replace all their income from oil then I would think their financial markets would go down, not up. So essentially investors are betting they can get away from selling oil...or am I off base?

AP2B · February 13th, 2008, 18:12

Qatar is seeing similar development and success since discovering oil. These countries are obviously very cool places to visit. I've been to Qatar a few times, but want to visit UAE very much too.

flyingmaniac · February 13th, 2008, 18:19

I was in Dubai back in '99-'02, and I do remember a few large buildings but not as much as there is now. One of the other ways they make money is when aircraft carriers pull into port there. Each sailor is going to spend at least $400 while they are there for three or four days. Now there are around 5000 sailors on an carrier. $400 x 5000 people= $2,000,000 dollars into the economy just in one visit by one carrier. Let's not even go into how many carriers are in the Navy fleet.