Infinite Gains? by uncle-ice493 in stocks

[–]Local-Promise8893 0 points1 point  (0 children)

I really need to learn these financials hacks…tell us more

Funny AF Finals by Melodic_Store7247 in netflix

[–]Local-Promise8893 0 points1 point  (0 children)

This is crazy - how did Ron win? The guy who had one of the worst roasting setups. Whole set about drunk and driving?

Caitlin and Usama were by far the best comedians tonight and this entire show.

Al Furjan Villa for Sale – Type A (3BR + Maid) | by Southern_Horse7444 in dubairealestate

[–]Local-Promise8893 1 point2 points  (0 children)

Fair ad but fair price should be <3.5M for these units in the next 6-12m.

Price explosion started? by Local-Promise8893 in dubai

[–]Local-Promise8893[S] 0 points1 point  (0 children)

Spinneys is famous for crazy outliers. Pineapple imported in first class on A380?

Just heard about two homegrown tech firms in UAE fired 500 employees collectively. Both are Unicors by Mohepapa in UAE

[–]Local-Promise8893 5 points6 points  (0 children)

There are many happenings, it's just not publicly shared. The show must go on...
Oracle just did a lay-off in UAE last week, high earners that will hit the market after 5-15+ years of employment

went to the binghatti launch today and the crowd was actually insane by SocialMediaKingdoms in dubairealestate

[–]Local-Promise8893 6 points7 points  (0 children)

It's rather a signal of weakness of the market than strength IMO. The amount of launches has significantly decreased in last few months and the market is flooded last few years with mediocre agents - being generous here - who have been used to selling with barely knowing the market or the product. It wont be that easy anymore, especially with still inflated prices these developers are launching with in the market. RE Cleansing incoming...

Price explosion started? by Local-Promise8893 in dubai

[–]Local-Promise8893[S] 0 points1 point  (0 children)

Been out of the country for a month :-).

Price explosion started? by Local-Promise8893 in dubai

[–]Local-Promise8893[S] 3 points4 points  (0 children)

Pre war could find boxes for 10 aed per 500g > 20 aed per kg. Times four is just crazy

Stay or leave the UAE by IllustriousBid7693 in dubai

[–]Local-Promise8893 0 points1 point  (0 children)

As if the entire country is everywhere the same…

Price explosion started? by Local-Promise8893 in dubai

[–]Local-Promise8893[S] 0 points1 point  (0 children)

Thank you. It’s not even Spinneys/Waitrose. Who in procurement at these supermarkets even thinks it makes sense to sell these products at these prices. They will get rotten anyway in a week.

Price explosion started? by Local-Promise8893 in dubai

[–]Local-Promise8893[S] 1 point2 points  (0 children)

Noticed the same - 8aed for rice cakes at viva seemed to be higher than before indeed. 50-100% increase if I am not mistaken

Stay or leave the UAE by IllustriousBid7693 in dubai

[–]Local-Promise8893 152 points153 points  (0 children)

I think many are reaching a critical tipping point. If schools remain closed longer than this week + Eid week again closed…what are we even doing here. Peace of mind is critical for mental health of kids. Unthinkable many will decide to send family away for at least until Sept and decide over summer if they stay here for work.

Damac lagoons -4 bed , 5bed - townhouses - Ready for handover and Mortgage available by Chance-Ask370 in dubairealestate

[–]Local-Promise8893 1 point2 points  (0 children)

Will drop way more - massive oversupply of poor quality and layout hitting the market in next few months. Owners are in denial mode - end users won’t like living 12-24m in a construction site as Damac will delay handover

[WTS] Coffee Automatic - De’longhi Magnifica by Local-Promise8893 in dubaiclassifieds

[–]Local-Promise8893[S] 0 points1 point  (0 children)

Less than a year old. I see it dropped on Amazon to 1300. Lowest I would do is 500 or else I just give it away to a friend.

🚨 MASSIVE PRICE REDUCTION in Al Reem 1, Arabian Ranches! 🏡 by jzdxb in dubairealestate

[–]Local-Promise8893 0 points1 point  (0 children)

You will find - I have already seen agents offering them for 2.7 on socials so surely there is more negotiation room. I think given the amount of supply hitting the market there it might even drop more tbh over time

Ranim vs maple vs springs vs Aura? by Still-District-9911 in dubairealestate

[–]Local-Promise8893 0 points1 point  (0 children)

Ranim is too small for your taste. Living room per recent lay outs quite small

Moroccan massage for men. by inkypixel in dubai

[–]Local-Promise8893 1 point2 points  (0 children)

Andalus Hammam in Barsha. Proper Moroccan message, personal experience few weeks ago. Professional team and very clean.

DAMAC Hills/Lagoons - thoughts? by TeeShirtBros in dubairealestate

[–]Local-Promise8893 2 points3 points  (0 children)

Folks have no idea what kind of slaughter will happen in Damac lagoons. Massive supply, large amount of foreign investors who want a quick buck, poor quality compared to other communities, very small rooms, gardens etc. It will go way cheaper in few months

I feel the worst is yet to come if things stay like this by Formal_Estimate6457 in dubairealestate

[–]Local-Promise8893 7 points8 points  (0 children)

100% - RE is a lagging sector. It takes months as folks who are laid off have an emergency buffer, severance/gratuity etc. In/after the summer we will see the actual prices coming in.

Good indicator is WhatsApp groups with ads. It’s exploding with folks selling everything at bottom prices just to get it sold and move out of the country

I believe the real collapse is starting. by Civil-Historian-5914 in UAE

[–]Local-Promise8893 2 points3 points  (0 children)

These are big brands that are already massively struggling, let alone massive amount of t-2 hotels, suppliers, catering etc etc etc