chips place at Dubai mall (Terrible)
Granted, it mightve been horrible, but that's what you get for
thinking greasy spoons could actually pass for a good meal.
Curiousity also took me to cityscape.. Here it is in 2 points of view:
1, The buyer / economist :
Luckily, the hype was toned down this year. Nonetheless you had the
wow-me factor in some of the stands, and prices... Of note was the
quiter nakheel stand, the crazy AD stands, and the general mood of the
place.
AD is building itself up a lot like Dxb did, and I'm looking at bloom
developers... They have a prime piece of property ala palm jumeira, a
premium pricing scheme ala palm jumeira, and phases 2 and 3 ala palm
deira and jebel ali, and was announced at the heart of the reccession
ala the universe .
Anyone see a trend?
I'm not saying it won't work, I'm saying bide your time. Don't launch
at the wrong time, scale it down properly (which to blooms credit they
did)... But the facts of a global recession are still clear, slow and
steady wins the race.
The marketing hype is still unreasonable. No supertowers, but a lot of
hardsells. My opinion is to follow Trump jrs. Train of thought on this
years cityscape, and tread carefully on a risk vs reward basis.
2: the social commentary:
Suprisingly Meeras had a stand up. This was a real upset for me, as
I live in Jumeira. Meeras hasn't been too popular among some local
circles since they would ask for your home in return for compensation.
Some locals don't want to move. Some locals don't want homes and
money. Some locals don't want another few years of messed up roads,
and churned up coastline.
Especially Jumeira, a place filled with history, there is a lot that
can be had focusing on its essential beauty: the people, the history,
the integration, than with another "new dubai" destination like dubai
marina.
Maybe there will be concessions for it, and ill get the best of both
worlds. But I doubt it.
It wasn't just the fish hurtin me...
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2 comments:
interesting.. am surprised it was still carried through this year, given the grim reality of the situation. I almost half expected to get offered prime location property the other day with my mcdonalds happy meal..
out of curiosity though..given the ammount invested into the stands, marketing collateral, what was the ROI at cityscape or was it just another illusion to raise consumer confidence? and is that such a bad thing?
i second your comment about jumeirah...i dont know whats left of it anymore, i miss it.
on another note..nordsea?seriously?lol
No idea . I believe theres alot of rethinking going around, as any business should. Time will tell I suppose.
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