Dubai has the car game on LOCK vol. Recession? Whats that??

[moe200069]

Originally Posted by 0 Xm 0

GIMME GIMME GIMMEEEE

i could see dude's headwear just blowin in the wind.

 

[airjus23]

Hate to break it to you, but Dubai is becoming a ghost town....

No one knows how bad things have become, though it is clear that tens of thousands have left, real estate prices have crashed and scores of Dubai's major construction projects have been suspended or canceled. But with the government unwilling to provide data, rumors are bound to flourish, damaging confidence and further undermining the economy.

Source: http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.html

 

[f3djam]

wow is all i can say...

 

[xdoeboix]

And im over here struggling with my Civic

 

[silverswoosh]

Matte Lambo is sick.

 

[sloanboy]

and here i am tryin to cop a 20-30k whip............smfh

 

[badjustin]

dubai?

 

[sorkoram]

I'll be back

 

[spsfinest212]

Originally Posted by sloanboy

and here i am tryin to cop a 20-30k whip............smfh

Cars like ford and toyota are supposed to be really cheap over there. If your ever in the neighborhood you should check it out.

 

[roc4life24]

LAMBO

 

[hazeleyed honey]

I hope this country and its sheikhs sink in the quick desert sand, along with all the other royal monarchies in the Gulf.

 

[0 xm 0]

interesting article. unfortunately i feel like the whole servant situation can go on in just about any country, including our own. that country is settingitself up for failure, the fact they own 107 of their gdp is horrifiably scary.

 

[pig love]

Originally Posted by keiththekid1

LOL at people talking like Dubai is a great place. All the cars you see are all bought by the families that run the oil business, only about 5% of the people in Dubai are members of the oil family. It is not public record on how much money they exactly have, but yes it is in the billions. If you are born into these families you can pretty much buy whatever you want whenever you want, money is nothing. The other 95% of Dubai lives nothing like the oil families and is poor. The oil is running out compared to the more oil rich lands else where in the middle east. All their eggs are in one basket, no oil....no more money. A few years back they decided to diversify and a make Dubai into a tourist destination. Lavish hotels, in door ski resorts, some of the worlds largest and most extravagant malls, high rise condos and million dollar real estate development etc etc. However most all of this construction has been put to a halt, the economy crashed as you know, people are not traveling like they used to, and people from USA and Europe are definitely not buying million dollar 3rd and fourth homes in the sand. Not to mention all of the construction and maintenance on these lavish buildings is being done by slave labor, mostly northern Africans who are tricked into going to Dubai in promise of a job, only to find them being held against their will and forced into slavery. The irony of anyone who is African American in here posting, "dang i wanna live in dubai..it looks sick!!", is well....irony lol.

The oil family runs the show and whatever they say goes. It is not at all what it seems.

check this out...unreal
http://www.independent.co...de-of-dubai-1664368.html

Shame on people from Australia or Britain that laugh at slavery. Dubai is a dirty place.

 

[nocomment6]

I'm honestly jealous.

 

[theraygunz]

Originally Posted by BLADE BR0WN

I'm sayin tho... Wats good wit their police auctions tho??? I know its gotta be a couple of Benz's or Bent's they can let go for cheap...

Oh, and

*cue the tiger hanging out the Range Rover pic*

and also

*cue the convertible Range Rover pic*

Thanks in advance...

The man in the droptop Range Rover has a falcon on his arm.

 

[miamin2]

Wow, I'm speechless

 

[ghostwriter]

What happens when that oil money runs out??? It's not gonna be a good look

 

[kidposite]

Originally Posted by C o IVI p L e X

Originally Posted by RKO2004

Originally Posted by GhostWriter

Originally Posted by marath0n

Lamborghini Reventon.

There's only 20 in the world. $1,500,000

Man, if I was a PAID NFL player, you know 5 year 25 million, 15 Mil guaranteed dollar guy, I'd buy it

. I know its a lot of money man but you only live once. I'll use the subway endorsement money to make some of it back.

Plus I'd have at least 8 million left after taxes and buying a house. To the bank investments you GO!

not just anyone can cop a reventon, even if you got the money for it.

really?

http://http://www.siliconvalleyautogroup.c...ini-murcielago-reventon__3_of_10-3179171.html

http:// http://www.jameslist.com/brands/lamborghini/reventon

 

[sneakerking757]

 

[lazy b]

Originally Posted by GhostWriter

What happens when that oil money runs out??? It's not gonna be a good look

The oil money is running out hence the shift to tourism and attracting clients from the West to fill those buildings they are constructing. Dubaiis headed for an epic fail.

 

[carlos tevez]

My cousin goes a few times a year for business. He says its amazing but its too ridiculously hot which kills the social life over there. He also tells me thatthey're arrogant as he.ll and think they're above everyone.

I'll be there one day to see for myself.

 

[xtonexbonex818]

Originally Posted by Tfromthe617

god.....damn.....

 

[kickmatic23]

 

[nicefro]

Are there ETFs which short sell a city?


The article posted was a great read btw.

 

[highrep87]

oh my goodness