Where is Dubai Real Estate Headed?

Employment - Where is Dubai Real Estate Headed?

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The city of Dubai, once the construction capital of the world, is presently in the doldrums. There are mixed opinions on the direction in which the real estate sector is going, and doubts about its future. There are some who see a reparation and best prospects for the beleaguered sector, while others expect a further fall. Some work also needs to be done by the Government of Dubai, especially with regard to wages levels, working conditions and other terms of employment. Employees should not be allowed to confiscate worker's passports thus development them virtual slaves in the emirate. If they are asked to leave their jobs due to economic factors or other reasons beyond their control, the Uae Government should allow them to stay on for at least a month and search for other job.

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Employment

Jobs in Dubai are generally of two kinds. There is the unlimited contract, under which whether party can give consideration of termination to the other at any time during the defined probationary period. Once this is over and an laborer has been confirmed, at least a month's consideration is considerable if the laborer wants to leave or the boss no longer has need for his services. In case of senior positions, the consideration period can run up to three months before the last working day. In case the boss wants to walk out, he can perceive Hr and offer to give up his last month's wages in lieu of consideration period. The strange thing in Dubai is that you cannot take up other job until at least six months have elapsed from your last exit. This makes habitancy consider their options very thought about before development any decision. Unfortunately it is not yet a level playing field- employers sometimes offer less salaries than stated, or hold on to the employee's passport as a means of victimizing him or her. Such practices must be stopped as soon as potential as they are unlawful.

All this will give the world a best understanding of Dubai and open the path to greater employment and an growth in business opportunities. Migrant workers and expatriates will consider advent back to live and work in the emirate. Dubai is still a good holiday destination with a collection of living arrangements together with Dubai Short Term Rental for Dubai Short Stay. Those who see Dubai as experiencing a further drop in real estate mention the oversupply of units especially in the residential market. Dubai office rents are some of the highest in the world which can dissuade venture in the market and market sector. Although there have been some confident reports of a slowdown in the falling rental and sale rates, most are expecting the store to take a turn colse to the middle of the summer season- say colse to mid-April to June 2010. If these expectations are truly met, the store will rise and whole of transactions will increase, providing the much needed boost for Dubai's economy to get out of a emergency situation.

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