A total of 442 hotels and 120,440 rooms are currently in the Middle East/Africa hotel development pipeline, according to the latest statistics published by STR Global.
Posts Tagged: Dubai
21
Jan 10
Nearly 30,000 Dubai hotel rooms in pipeline – STR Global – Construction & Industry – ArabianBusiness.com
30
Nov 09
Dubai: ‘The end of the dream’
BBC News – Views from Dubai: ‘The end of the dream’
NY Times - Arab Emirates Move to Limit Crisis in Dubai
Seeking Alpha – Dubai “Standstill”: Masking Commodity Trends…
24/7 Wall St. – Dubai: Who Defaults Next?
11
Nov 09
Former L.A. Community College District chancellor takes Middle East post | L.A. NOW | Los Angeles Times
No wonder we’re broke. This f-tard bails for Dubai and we have to pay him $428,750?!?!?
Sometimes I get so mad I – I – no make words now.
18
Feb 09
Petrodollar Recycling, the Bubble and You: Part II
Yesterday, I commented on how we were getting a demo on how some of the money being spent on oil was coming home and speculating on the real estate market. As insightful as that was, it looks like the downturn in the Dubai real estate market is going to dwarf the rollbacks in US cities. It was all new construction and it was all speculative.
I’d heard about it – that giant hotel with Agassi and Federer playing tennis on the helipad, the peninsula shaped to look like a palm tree – it never made much sense to me, but what do I know?
According to Boing Boing, “Dubai airport (is) clogged with cars abandoned by fleeing construction workers.”
It appears there are more indications that the tail end of the expansion of the global real estate bubble may have been fueled by the late surge in oil prices that started accelerating in late 2007.
The NY Times had a grim report last week, “Laid-Off Foreigners Flee as Dubai Spirals Down.”
Boing Boing is also saying that “People are pouring out of Dubai.”
The resultant re-injection of freshly leveraged capital may have perpetuated the illusion of ever increasing M3 capital liquidity. Like a twisted social construct of cold fusion, only our feedback loop dropped when China stopped getting ready for the Olympics.
I’m still pretty sure this theory can be disproved.
16
Feb 09
Petrodollar Recycling, the Bubble and You
Is this our first early evidence of how petrodollar recycling turbocharged the tail of the real estate boom?
1
Feb 08
FLAG Telecom's Press Release
01-Feb-08 – FLAG Submarine Cable Cut update: Update 1 – 1stFeb’08.
Bulletin will be updated Daily with Progress.
Cut # 1:
FLAG Europe-Asia cable was cut at 0800 hrs GMT on January 30 2008.
Location of cut is at 8.3 kms from Alexandria, Egypt on segment between Egypt and Italy.
FLAG has restored circuits of customers who are covered under Pre-planned Restoration service.
FLAG is implementing restoration on alternative route for customers who have requested Ad hoc Restoration service.
The Repair ship is expected arrive at the site by February 5 2008. The Repair work will be completed within a week thereof.
Cut # 2:
FALCON cable is reported cut at 0559 hrs GMT on February 1 2008.
Location of cut is at 56 kms from Dubai, UAE on segment between UAE and Oman.
FLAG is arranging Restoration of circuits for customers covered under Pre-planned Restoration service.
Customers have been advised to contact their respective Account Managers for Ad hoc Restoration service.
The Repair ship has been notified and expected to arrive at the site in next few days.
Kyle Hayes