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Jobseekers coming to dubai to flee crunch

Discussion in 'Dubai property' started by PropGuy, Nov 27, 2008.

  1. PropGuy

    PropGuy New Member

    The UAE, and Dubai in particular, is attracting a lot of interest from UK jobseekers hoping to escape the effects of the global credit crunch, according to UK daily The Times.
    “Middle Eastern recruitment companies are telling us there is a 300 per cent rise in the number of inquiries from European candidates,” said Spencer Hawkes, managing director of the UK’s Working In.
    “People who’ve lost their jobs and have very high mortgages view the Gulf states as one of the few places they can go and still earn top salaries.”
    Bayt.com CEO Rabea Ataya told 7DAYS the number of daily visitors to the jobs web site had increased by 50 per cent since August.
    “We are seeing more and more extremely competitive, high quality CVs attempting to relocate from US and European markets to the region,” he said.

    7DAYS - Jobseekers come to flee crunch
     
  2. PropGuy

    PropGuy New Member

    I posted this because there are lot of dubai doom posts going around, while in fact there is financial crises all over the world and Dubai is still in relatively better financial position.
     
  3. sasherwani2

    sasherwani2 New Member

    Jobs in Dubai? Good one.
     
  4. PropGuy

    PropGuy New Member

    Jobs are not available anywhere in the world at the moment, but Dubai is still relatively better. I know few people moving to Dubai from NYC.
     
  5. dubister

    dubister New Member

    Jobs in the U.S are as strong as always. I am from here and know tons of people there. I know new college grads landing 70K+ USD/year jobs left and right. People are opening new businesses every day. What you hear in the news form the U.S is not average; there there is a system and huge sub economies... People moving from there is normal movement, as we have seen in the years...nothing of an indicator that you or claiming. 7 DAYS is useless paper.
     
  6. sasherwani2

    sasherwani2 New Member

    What about CNN? Is it a reliable source or should we stick to the tons of people you know?

    Jobs lost in 2008: 1.2 million
    Payrolls shrink by 240,000 in October, 10th straight month of cuts. Unemployment soars to 6.5%


    Source:

    This year's job loss total: 1.2 million - Nov. 7, 2008
     
  7. PropGuy

    PropGuy New Member

    Jobs in US are very weak, perhaps weakest since great depression.
    This region is still looking better.
     
  8. sasherwani2

    sasherwani2 New Member


    Ofcourse the demand for civil, criminal and property related lawyers will get very strong in Dubai due to the infinite number of law suits and legal cases filed against the developers. But will not save Dubai from a high unemployment rate which is bound to be witnessed in the next 3-6 months.
     
  9. georgihh

    georgihh New Member

    What is 1.2 million from 300 million populations – nothing?
    6.5% very acceptable AND NOTHING TO WARRY
    If you want a job in USA you can get plenty no problem
    And houses for 200000$, salaries of 70-100k
    And this is recession.
    This is not recession this is just a way to slow down the world economy as already overheated.
    America is Number one and will be for the next 25 years
    Dubai is a bubble and will go back to normal
     
  10. sasherwani2

    sasherwani2 New Member

    This post should be declared "the post of the month".

    Does your Crystal globe show you an image of the country that will be number 1 after 25 yrs?
    How does a bubble go back to normal?
     
  11. georgihh

    georgihh New Member

    Thanks for the complement

    The bubble goes back to normal in two ways
    1.Can shrink and becomes a ball with hard coat
    2.Can burst and create small bubbles (some of them will disappear some of them will start growing up again).

    Regarding the Number one even your favorite one CNN are saying that USA doesn’t want to be Number One and will try to pass the ball to India and China in the next 25 years
     
  12. TommyC

    TommyC New Member

    Unemployment rate in Dubai? Unless you are a local, you basically can't be unemplyed here. You are either a tourist or on your way home if you don't have a job/sponsor. Was an article just one or two days ago: NO EXTENSIONS ON VISAS AFTER LOSING JOBS = 30 days after you get fired/lose your job, you're out.
     
  13. dubister

    dubister New Member

    exactly, and that 1.2 million is mostly coming from the hourly, non-salaried, bums etc... And also don't forget Monster alone boasts about 1 million jobs. And as you may heard Obama has planned to create 2.5m jobs... and i am 200% confident he will do it. All he has to do is announce, nationwide infra upgrade, whcih hasn't been done for the last 10 years or so. That itself would be huge...
     
  14. PropGuy

    PropGuy New Member

    In the quote, bankers are moving here too.
     
    Last edited: Nov 30, 2008
  15. monsi

    monsi New Member

    Goodness which ledge does he want us to jump off?

    There is no point in trying to calm sasherwani2 down. He has a major downer on Dubai and there is no lifting it.

    If you feel you are possibly too positive about the future, or even mildly non-committal because you want to see what happens next, then you should read all his posts. They are designed to engender thoughts of suicide with a blunt rusty knife if you live or have invested in Dubai. I think he is trying to be an antidote to the Samaritan hot line.
     
  16. sasherwani2

    sasherwani2 New Member

    Nakheel lays off 500+ people.. facts dear these are facts..

    Gulfnews: Nakheel scales back projects, announces job cuts
     
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