Dubai Expo 2020 could lead to economic bubble

A recent poll revealed that Dubai’s win in its bid for hosting the World Expo 2020 could generate another economic bubble in the UAE. Nearly 55% of the respondents of a survey shared their concern for Dubai’s economy post the Expo 2020. Only a quarter of them believed that Dubai’s economy was stable enough after the 2008 and 2009 crisis.

A set of respondents also believed that Dubai can increase its immunity by allowing simple procedures for starting a business. Respondents also believed that an increase in regulation of real estate and banks could make the UAE immune to a financial crisis. These results were obtained after a survey of more than 200 investment professionals was organized by the CFA Institute.

This news was published by the CFA Society Emirates even before the Bureau International des Expositions (BIE) announced that Dubai had won the bid. In spite of such a concern coming up, it was seen that approximately 95% of the respondents had supported Dubai’s vision for Expo 2020, while 97% of them had held a belief that the UAE will win the bid for Expo 2020 which eventually turned out to be true as well.

Just 4% of the respondents had been of the opinion that the Expo 2020 could burden the economy of the UAE and lead to another economic bubble such as the one seen in 2008 and 2009. Now that Dubai has won its bid for the Expo 2020, only time will tell if such a mass event will create an economic bubble in the UAE or no. Let’s wait and watch.  

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Dubai to introduce the smart passenger system for airports

Dubai airports are all set to get a tad smarter, thanks to an impending ‘smart passenger’ service to be installed in all of its airports. With this system, passengers will be spared the trouble of moving through hours of immigration queues and other formalities. According to the Directorate General of Residency and Foreigners Affairs, this system has been primarily built to save extra effort, time and money. The new scheme will come into effect approximately after 18 months.

Presently, the smart gates used in the airports complete the entire process of checking in and out in simply 20 seconds. However, the smart system that’s currently in progress eliminates those 20 seconds as well. The entry and exit processing will become as quick as ever with this new smart passenger system. In case immigrants get stuck at the airport for whatsoever reason, specific officers will be deployed to solve the problem quickly.

The main functionality of this system allows the passengers to comfortably enter or exit the area, while all their information gets registered in the airport servers. The multi-cameras and scanning system installed in the airport will check the person’s finger and iris prints along with all the other details. The person can pass through the airport without the need to stop at any counter. With this system, the checking in and out procedure will become a breeze for the passengers.

It seems like Dubai is all set to go phenomenal with its services in the airport, while it’s already on the verge of making the largest airport in the world.

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Anxiety over citizenship to foreigners spreads in Dubai

Is there something like love for the homeland? Do we really owe a part of our lives to the nations we live in? Such questions have now become a commonplace in the dream city of Dubai. The commotion started when Sultan Sooud al-Qassemi, one of the members of UAE's ruling parties, announced that the UAE citizenship ought to be given to foreigners residing in the UAE. This statement has sent shock waves throughout the country where many leaders believe that the foreigners may not be completely loyal to a country that’s not their birthplace. According to the aforesaid ruler, the foreigners are contributing immensely to the growth of the country by involving themselves in the development of education, tourism, technology healthcare and much more. Hence long term foreigners deserve to be given the citizenship of the country. However, there are many more arguing against this statement via twitter and other social networking websites.

The counter argument too makes sense considering the vastly differing lifestyles of both the cultures. While on one hand Arabic women sport darker hued burqas, on the other hand there are bikini-clad foreign women spending time in Dubai beaches. According to some people, the fact that the ruler wrote in English and not in the Arabic language itself goes complementary to his statement.

Moreover, the government shells out an enormous amount of money on tourism, healthcare and other services which are mostly enjoyed by the foreigners as they outnumber the Muslims staying in the country. Though the ruler’s statement has generated interest, the chance of it being executed in reality is still faint. One of the twitter users even went down to comment something like this, ‘don’t cozy up to foreigners at our country’s expense’ which clearly shows that some of the Emiratis have been infuriated by his comment.

All in all, how these thoughts will eventually turn out is something only time can say.

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Largest airport in the world coming up in Dubai!

Image Source:- alarabiya.net

With airports developing in every part of the world, it doesn’t seem surprising that Dubai is all set to revamp one of its renowned airports, Al-Maktoum International. However this one has a unique selling point and that is its massive size and structure that can already handle 7 million passengers per year.  This year the airport’s growth is limited to carry 65.4 million passengers, an amount that’s just a few steps behind the mightiest of all London Heathrow. Will Dubai break all existing records and reach the pinnacle?

As per reports, this airport that is set to be unveiled on October 27 is the largest airport in the world. Aviation in Dubai has always witnessed a steady growth, given the large number of visitors it has every year. At present, the airport known as Al-Maktoum International can accommodate 5 to 7 million passengers every year. After all its phases are completed, the airport is expected to carry 160 million passengers every year and have five runways. The project is cited to be completed in the year 2030 that is 17 years from now.

Image Source:- albawaba.com

The airport will be considered the largest as it will be able to the carry the highest number of passengers that has not been seen in any of the airports up till now. Dubai is one of the best known cities for development of airports. Aviation plays an important role in Dubai’s economy. And now that aviation professionals have given a green signal to this project, this airport is all set to spearhead the lot.

Will Dubai indeed succeed by finishing all its phases of development and flaunt the largest airport in the world? Let’s wait and watch.

6 Ways to Decorate Your Apartment

Struggling to make your new rental apartment your own home? Here we provide you with some practical tips to decorate your apartment and make it a more beautiful place to live in.

1.    Keep your apartment spacious – Let your home breathe. Fitting in too much into a very small space will make the house look cluttered. You yourself will feel really uncomfortable in your house.  So use only furniture that’s absolutely necessary for your house and give away the unwanted ones.

2.    Get floral light colored curtains – Floral printed curtains especially those in light colors make the house look really fresh and colorful. Use soft curtains that are long enough to be a visual treat for you as well as for others coming to your place.

3.    Paint your house in different colors – Use different colors for the walls within the room itself. If you do not have a choice of painting the walls, you could try to paint the furniture in graceful hues so that the soothing effect is still there.

4.    Add posters in different areas of your house – If it’s a small dining area, let a small poster with something written about food be hung within that space. Along the same lines, if it’s the bedroom, you could prepare a suitable poster for that one too.

5.    Fit different kinds of lights in your living room – You can use decorative lights for the living room as that’s what will make your home attractive to all. At night, switch on those lights instead of the regular tube lights and see the difference for yourself.

6.    Keep it simple – Whether it’s a curtain color, or a new poster you’re adding, keep the designs and look of the house simple yet elegant and that will do the trick anyhow.

Make your small apartment your lovely home by following these simple steps.

The Art of Negotiation for Commercial Lease

A negotiation is a critical step when you wish to rent or buy a property. If not done correctly it can steal your peace of mind, and leave you stressed. A successful negotiation is an art and cannot be ignored. Given below are some tips to help bring off commercial real estate as per your needs and requirements.

 Know your stuff: You cannot negotiate unless you know what you are looking for. In short, do your homework. Be familiar with the facts and figures so that you know where you stand and what exactly you want.

 Understand terms and conditions: The term and rent are the crucial factors for negotiation. Be flexible and don’t over-commit. Discuss the rent increases and renewal options.

 What needs to be included and excluded? When you know what you want to keep, and what you wish to discard, it will help you know what you can compromise on; if the need arises. 

 Take one step at a time: When one is cooperative and easy-going, it makes the deal a lot simpler. Come across as someone who is sincere and someone who empathises. The trick is to remain pleasant no matter how ugly the situation is at hand. This way, you take one step at a time.

 Who takes care of the maintenance? Residential leasing and commercial rentals are two different aspects altogether. Housing maintenance is generally taken care of by landlords; however, commercial lease requires the tenant to be responsible for the property upkeep and repairs. The idea is to know your lease completely before committing.

 Professional help: When you ask for assistance, you can get a lot of useful information, which may not be possible if done single-handedly.

 Everything needs to be written: Do not say yes to anything unless you see it written. Verbal offers could get you in trouble if not properly consulted.

3 Basic Tips to Find A Good Deal on Rental Homes

Statistics have proven that people more often than not opt for rental homes than buying them. It is flexible and a lot more economical. However, from the initial decision of an investment in real estate to the buying of the rental property, there is a great deal of things that need to be taken care of. Given below are a few things that should be considered to find the best deals on rent before one signs the contract.

1. Try online: If you are looking up online, you need to know how to search for one. For instance, put in the right keywords. Keywords are the things that you are looking for in your apartment or villa. For case in point, if you are looking for a one- or two-bedroom apartment, a pool, a gymnasium, additional bathrooms, attic space, etc. Other options other than an online search could include individual property management sites, online forums, and newspaper classifieds.

2. Take a look at the place: Online surfing will give you a rough idea about the place and the amenities; however, you need to know how the place for real is. When you take a walk around, and see the place for yourself, you will have a better feel of the place. In any case, there is no substitute for visiting a place in person. Besides, don’t restrict your trip to just a single place, visit a minimum of 2-3 to have a fairer idea.

3. Chances of future development: When you get to the place, you can easily ask the domestic or municipal planning department about any kind of new development in and around the area. These could range from parks, new apartments, malls, etc.

 Here’s hoping that the above three pointers help you buy the right rental property to meet all your needs and requirements.