charlie1017
Well-Known Member
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.
Anyone think Dubai doesn't look good?
- Thread starter deek
- Start date
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
Well-Known Member
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.
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
Well-Known Member
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?
flyingmaniac
Well-Known Member
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.
fletchersteel
Well-Known Member
I think that it is obvious these people are crazy. Look at some of the structures that they are planning on building. The airport, looks like an accident waiting to happen. Found a thread on skyscrapers, all Dubai.
http://www.skyscrapercity.com/showthread.php?t=524138&page=9
But, it does look like a place that I may have to visit sometime.
http://www.skyscrapercity.com/showthread.php?t=524138&page=9
But, it does look like a place that I may have to visit sometime.
KC Jake
Well-Known Member
That one person has posted a CRAZY amount of pictures on that message board. That city is something else. Like trying to build New York City plus Vegas and then some in a little over a decade. It's out of control.
deek
New Member
Ok, now to bring it back around to aviation. How many pilot jobs do you think this will create? If their airport will be the world's biggest, I imagine Emeriates airlines will grow. I bet there will be a lot of helicopter jobs, getting people back and forth from The World private islands and palm islands back and forth to the mall and downtown. I see a lot of NY-UAE, LA-UAE, ORD-UAE routes.
NJA_Capt
Well-Known Member
NetJets Middle East (NJME) based out of Jeddah primarily serves that area. NJME flies Hawkers, Falcons and Gulfstreams.
typhoonpilot
Well-Known Member
I've been watching the thread, mrvic cleared up a lot of the misconceptions already.
Dubai and the United Arab Emirates benefit from many factors. Yes, oil was part of it, but the majority of the oil is in Abu Dhabi. Dubai has been a trading hub since the late 1800s when the ruler granted tax concessions to foreign traders. The UAE has been independent from Britain since 1971. The ruling families are very progressive and tolerant, unlike many of the other kingdoms in the area. That has led Dubai and the UAE to be the most stable country in the region. The local populace is well taken care of and many are quite entreprenurial. The non-oil sector currently accounts for more than 90% of Dubai's GDP.
Another major factor in Dubai's rise to prominence is it's perfect geographical location halfway between Europe and Asia/Africa. This combined with the stability of the country has led many international corporations to set-up their regional headquarters in the area.
The climate is a third beneficial factor for the country. Dubai's winter climate is perfect. With world class coastal resorts and a relatively short ( 5.5 to 7.5 hours ) flight from Europe it has become a very popular tourist destination.
The acceleration of the economy post 9-11 can be attributed to the Arab repatriation of investment money from the western world. When the western powers, especially George W., started threatening the Arab investments by unilaterally freezing assets the Arabs repatriated $300 Billion in investment money. That money has been put to work in infrastructure projects like the beginning post shows. The further oil revenues at today's prices have led to further spending in the region.
The UAE, and Dubai in particular, are a very popular weekend getaway for many of the other Gulf area citizens. The atmosphere is very relaxed and the ease of travel make it a nice weekend getaway.
Emirates Airline capitalizes on all of this. If one were to draw an 8 hour flight circle around Dubai it takes in all of India, the Middle East, Europe, Africa, and most of Asia including China. The total population within that 8 hour circle is close to 5 Billion people. Imagine the connection possibilities wth that kind of cachement area. This is what Emirates is gorwing with. O and D traffic is around 40% of load, but 60% is connecting traffic.
When I joined Emirates they were talking about a final fleet of 100 aircraft. That was 5 years ago and we now have around 110 total with a new projection over 200. They will be hiring over 400 pilots this year and around 300 the year after that.
Now back to property. Many people are buying the property here. The list of buyers and their reasons is incredibly varied. The Europeans are buying as vacation and retirement homes. The Russians are buying for winter getaways and as a great way to launder their ill gotten gains. People from other Mid-East countries are buying because they want an escape if their country implodes. Expats who live here buy so they have a nice stable mortgage and a decent place to live. I'm sure I've missed some of the reasons.
A lot of pilots have become very wealthy by investing in the local property market over the last 5 years. Much like Cathay pilots in Hong Kong did many years ago.
Dubai is a true boom town. They are trying to emulate city states like Hong Kong and Singapore. The leadership is intelligent, progressive, and well educated. They have great visions for their country and the determination and money to make it happen.
It's actually a very exciting thing to be part of.
Typhoonpilot
P.S. Not San Francisco, Santa Barbara. Look for me on the inaugural California flight, hopefully this year.
Dubai and the United Arab Emirates benefit from many factors. Yes, oil was part of it, but the majority of the oil is in Abu Dhabi. Dubai has been a trading hub since the late 1800s when the ruler granted tax concessions to foreign traders. The UAE has been independent from Britain since 1971. The ruling families are very progressive and tolerant, unlike many of the other kingdoms in the area. That has led Dubai and the UAE to be the most stable country in the region. The local populace is well taken care of and many are quite entreprenurial. The non-oil sector currently accounts for more than 90% of Dubai's GDP.
Another major factor in Dubai's rise to prominence is it's perfect geographical location halfway between Europe and Asia/Africa. This combined with the stability of the country has led many international corporations to set-up their regional headquarters in the area.
The climate is a third beneficial factor for the country. Dubai's winter climate is perfect. With world class coastal resorts and a relatively short ( 5.5 to 7.5 hours ) flight from Europe it has become a very popular tourist destination.
The acceleration of the economy post 9-11 can be attributed to the Arab repatriation of investment money from the western world. When the western powers, especially George W., started threatening the Arab investments by unilaterally freezing assets the Arabs repatriated $300 Billion in investment money. That money has been put to work in infrastructure projects like the beginning post shows. The further oil revenues at today's prices have led to further spending in the region.
The UAE, and Dubai in particular, are a very popular weekend getaway for many of the other Gulf area citizens. The atmosphere is very relaxed and the ease of travel make it a nice weekend getaway.
Emirates Airline capitalizes on all of this. If one were to draw an 8 hour flight circle around Dubai it takes in all of India, the Middle East, Europe, Africa, and most of Asia including China. The total population within that 8 hour circle is close to 5 Billion people. Imagine the connection possibilities wth that kind of cachement area. This is what Emirates is gorwing with. O and D traffic is around 40% of load, but 60% is connecting traffic.
When I joined Emirates they were talking about a final fleet of 100 aircraft. That was 5 years ago and we now have around 110 total with a new projection over 200. They will be hiring over 400 pilots this year and around 300 the year after that.
Now back to property. Many people are buying the property here. The list of buyers and their reasons is incredibly varied. The Europeans are buying as vacation and retirement homes. The Russians are buying for winter getaways and as a great way to launder their ill gotten gains. People from other Mid-East countries are buying because they want an escape if their country implodes. Expats who live here buy so they have a nice stable mortgage and a decent place to live. I'm sure I've missed some of the reasons.
A lot of pilots have become very wealthy by investing in the local property market over the last 5 years. Much like Cathay pilots in Hong Kong did many years ago.
Dubai is a true boom town. They are trying to emulate city states like Hong Kong and Singapore. The leadership is intelligent, progressive, and well educated. They have great visions for their country and the determination and money to make it happen.
It's actually a very exciting thing to be part of.
Typhoonpilot
P.S. Not San Francisco, Santa Barbara. Look for me on the inaugural California flight, hopefully this year.
Nice post Tim.
I was just thinking about you because I was on the phone to Dubai earlier today. I have 3-8 groups of 40 flying in to SFO/LAX from Dubai by the end of the year. The gal in Dubai told me it could possibly be as early as May when the California flights start? I hope she's right! I could have as many as 320 people booked on that flight in the next 6 months, and then chartered jets for the rest of their US tour.p.s. I got confused. Didn't you live here in the Bay Area as well?
CaptChris
New Member
A majority of the emirate's revenues are from trade, manufacturing and financial services.[6] Revenues from petroleum and natural gas contribute less than 6% (2006)[7] of Dubai's US$ 37 billion economy (2005).[8] Dubai has attracted world-wide attention through innovative real estate projects [9] and sports events. This increased attention, coinciding with its emergence as a world business hub, has also highlighted human rights issues concerning its largely foreign workforce.[10]
source: http://en.wikipedia.org/wiki/Dubai