{"id":18065,"date":"2019-10-29T15:11:09","date_gmt":"2019-10-29T11:11:09","guid":{"rendered":"https:\/\/lovindubai.com\/?p=18065"},"modified":"2019-10-29T15:24:09","modified_gmt":"2019-10-29T11:24:09","slug":"habtoor-dubai-construction","status":"publish","type":"post","link":"https:\/\/lovin.co\/dubai\/en\/latest\/habtoor-dubai-construction\/","title":{"rendered":"A Prominent UAE Business Man Lists The Reasons He Dislikes Bloomberg Titles"},"content":{"rendered":"<p>A recent article by Bloomberg caught the attention of a Dubai business magnate, for the title&#8217;s blatant negative editorial slant.<\/p>\n<p>The sensational title &#8220;Dubai Faces a \u2018Disaster\u2019 From Overbuilding, Top Developer Says&#8221; was published by the business publication on Monday.<\/p>\n<p>It&#8217;s worth noting, the article quotes Hussain Sajwani, Chairman of Damac, who is calling for a freeze, or a reduction in property supply, for a year or two. Mr Sajwani comments were related to supply and demand, while Bloomberg zoned in on one word, &#8216;disaster&#8217; and related it to Dubai real estate as a whole.<\/p>\n<h2>Not impressed with the title, Khalaf al Habtoor, Founding Chairman of the Al Habtoor Group jumped in, showing another side of the story<\/h2>\n<p><!--infeed--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1. I disagree with the gloomy titles that <a href=\"https:\/\/twitter.com\/hashtag\/Bloomberg?src=hash&amp;ref_src=twsrc%5Etfw\">#Bloomberg<\/a> \u2066<a href=\"https:\/\/twitter.com\/business?ref_src=twsrc%5Etfw\">@business<\/a>\u2069 uses in describing <a href=\"https:\/\/twitter.com\/hashtag\/Dubai?src=hash&amp;ref_src=twsrc%5Etfw\">#Dubai<\/a>\u2019s economy. Things are not as easy, but Dubai\u2019s real estate market still offers a great value to investors and we\u2019ve seen great signs of improvement this year. <a href=\"https:\/\/t.co\/jp9HlkaoVs\">https:\/\/t.co\/jp9HlkaoVs<\/a><\/p>\n<p>&mdash; Khalaf Ahmad Al Habtoor (@KhalafAlHabtoor) <a href=\"https:\/\/twitter.com\/KhalafAlHabtoor\/status\/1188474739330822144?ref_src=twsrc%5Etfw\">October 27, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>He goes on to detail his own personal experience and beliefs regarding the current construction climate<\/h2>\n<p>&#8220;We choose to retain our real estate developments for the purpose of leasing because we believe in the value of well-located quality-built real estate, and its appeal to investors. We run at an average of 95% occupancy in all our real estate&#8221;.<\/p>\n<p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">On Mr Sajwani&#8217;s comments, he notes, the Damac CEO &#8220;is playing an essential role in the overflow of Dubai&#8217;s<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">\u00a0real estate, he should not complain about competitors. Dubai\u2019s government has implemented restrictions to gov. developers, giving private companies across all sectors priority and the opportunity to grow.&#8221;<\/span><\/p>\n<h2><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">&#8220;My trust in the Dubai\u00a0<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">real estate market is solid&#8221;<\/span><\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">4. Evidently, my trust in the <a href=\"https:\/\/twitter.com\/hashtag\/Dubai?src=hash&amp;ref_src=twsrc%5Etfw\">#Dubai<\/a> real estate market is solid. There is still a huge appetite for high-quality real estate, well-managed private companies will emerge unscathed.<br \/>With some re-evaluation of their plans, Dubai large companies like <a href=\"https:\/\/twitter.com\/hashtag\/Damac?src=hash&amp;ref_src=twsrc%5Etfw\">#Damac<\/a> will continue to do well.<\/p>\n<p>&mdash; Khalaf Ahmad Al Habtoor (@KhalafAlHabtoor) <a href=\"https:\/\/twitter.com\/KhalafAlHabtoor\/status\/1188479890045263872?ref_src=twsrc%5Etfw\">October 27, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Finally, Habtoor concedes that there have been issues with delivery, which he hopes can be rectified<\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">5. The most important thing to any investor is timely delivery, as they want to see return on their investment sooner than later.<br \/>Unfortunately, we have seen delays in delivery to buyers from major developers in <a href=\"https:\/\/twitter.com\/hashtag\/Dubai?src=hash&amp;ref_src=twsrc%5Etfw\">#Dubai<\/a>. I hope serious measures are taken to fix this issue.<\/p>\n<p>&mdash; Khalaf Ahmad Al Habtoor (@KhalafAlHabtoor) <a href=\"https:\/\/twitter.com\/KhalafAlHabtoor\/status\/1188480986805346305?ref_src=twsrc%5Etfw\">October 27, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><em>Read the original Bloomberg article <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-27\/dubai-faces-a-disaster-from-overbuilding-top-developer-says\" target=\"_blank\" rel=\"noopener\">here<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"A recent article by Bloomberg caught the attention of a Dubai business magnate, for the title&#8217;s blatant negative editorial slant. The sensational title &#8220;Dubai Faces a \u2018Disaster\u2019 From Overbuilding, Top Developer Says&#8221; was published by the business publication on Monday. It&#8217;s worth noting, the article quotes Hussain Sajwani, Chairman of Damac, who is calling for &hellip; ","protected":false},"author":397,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,29,85],"tags":[1946,1947,1948,1945],"acf":{"hide_featured_image":false,"featured_image":{"ID":18066,"id":18066,"title":"khalaf al habtoor","filename":"Screenshot-2019-10-29-13.03.42.png","filesize":0,"url":"\/wp-content\/uploads\/sites\/1\/2019\/10\/Screenshot-2019-10-29-13.03.42.png","link":"https:\/\/lovin.co\/dubai\/en\/latest\/habtoor-dubai-construction\/attachment\/screenshot-2019-10-29-13-03-42\/","alt":"","author":"397","description":"","caption":"","name":"screenshot-2019-10-29-13-03-42","status":"inherit","uploaded_to":18065,"date":"2019-10-29 09:04:16","modified":"2019-10-29 09:04:32","menu_order":0,"mime_type":"image\/png","type":"image","subtype":"png","icon":"https:\/\/lovin.co\/dubai\/en\/wp-includes\/images\/media\/default.png","width":700,"height":463,"sizes":{"thumbnail":"\/wp-content\/uploads\/sites\/1\/2019\/10\/Screenshot-2019-10-29-13.03.42-150x150.png","thumbnail-width":150,"thumbnail-height":150,"medium":"\/wp-content\/uploads\/sites\/1\/2019\/10\/Screenshot-2019-10-29-13.03.42-300x198.png","medium-width":300,"medium-height":198,"medium_large":"\/wp-content\/uploads\/sites\/1\/2019\/10\/Screenshot-2019-10-29-13.03.42.png","medium_large-width":700,"medium_large-height":463,"large":"\/wp-content\/uploads\/sites\/1\/2019\/10\/Screenshot-2019-10-29-13.03.42.png","large-width":700,"large-height":463,"1536x1536":"\/wp-content\/uploads\/sites\/1\/2019\/10\/Screenshot-2019-10-29-13.03.42.png","1536x1536-width":700,"1536x1536-height":463,"2048x2048":"\/wp-content\/uploads\/sites\/1\/2019\/10\/Screenshot-2019-10-29-13.03.42.png","2048x2048-width":700,"2048x2048-height":463,"small":"\/wp-content\/uploads\/sites\/1\/2019\/10\/Screenshot-2019-10-29-13.03.42-230x152.png","small-width":120,"small-height":79,"custom-size":"\/wp-content\/uploads\/sites\/1\/2019\/10\/Screenshot-2019-10-29-13.03.42.png","custom-size-width":302,"custom-size-height":200}},"featured_image_caption":"","ad_square_right":"","summary":"","flexible_content":[{"acf_fc_layout":"text_block","content":"<p>A recent article by Bloomberg caught the attention of a Dubai business magnate, for the title&#8217;s blatant negative editorial slant.<\/p>\n<p>The sensational title &#8220;Dubai Faces a \u2018Disaster\u2019 From Overbuilding, Top Developer Says&#8221; was published by the business publication on Monday.<\/p>\n<p>It&#8217;s worth noting, the article quotes Hussain Sajwani, Chairman of Damac, who is calling for a freeze, or a reduction in property supply, for a year or two. Mr Sajwani comments were related to supply and demand, while Bloomberg zoned in on one word, &#8216;disaster&#8217; and related it to Dubai real estate as a whole.<\/p>\n<h2>Not impressed with the title, Khalaf al Habtoor, Founding Chairman of the Al Habtoor Group jumped in, showing another side of the story<\/h2>\n"},{"acf_fc_layout":"text_block","content":"<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1. I disagree with the gloomy titles that <a href=\"https:\/\/twitter.com\/hashtag\/Bloomberg?src=hash&amp;ref_src=twsrc%5Etfw\">#Bloomberg<\/a> \u2066<a href=\"https:\/\/twitter.com\/business?ref_src=twsrc%5Etfw\">@business<\/a>\u2069 uses in describing <a href=\"https:\/\/twitter.com\/hashtag\/Dubai?src=hash&amp;ref_src=twsrc%5Etfw\">#Dubai<\/a>\u2019s economy. Things are not as easy, but Dubai\u2019s real estate market still offers a great value to investors and we\u2019ve seen great signs of improvement this year. <a href=\"https:\/\/t.co\/jp9HlkaoVs\">https:\/\/t.co\/jp9HlkaoVs<\/a><\/p>\n<p>&mdash; Khalaf Ahmad Al Habtoor (@KhalafAlHabtoor) <a href=\"https:\/\/twitter.com\/KhalafAlHabtoor\/status\/1188474739330822144?ref_src=twsrc%5Etfw\">October 27, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>He goes on to detail his own personal experience and beliefs regarding the current construction climate<\/h2>\n<p>&#8220;We choose to retain our real estate developments for the purpose of leasing because we believe in the value of well-located quality-built real estate, and its appeal to investors. We run at an average of 95% occupancy in all our real estate&#8221;.<\/p>\n<p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">On Mr Sajwani&#8217;s comments, he notes, the Damac CEO &#8220;is playing an essential role in the overflow of Dubai&#8217;s<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">\u00a0real estate, he should not complain about competitors. Dubai\u2019s government has implemented restrictions to gov. developers, giving private companies across all sectors priority and the opportunity to grow.&#8221;<\/span><\/p>\n<h2><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">&#8220;My trust in the Dubai\u00a0<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">real estate market is solid&#8221;<\/span><\/h2>\n"},{"acf_fc_layout":"text_block","content":"<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">4. Evidently, my trust in the <a href=\"https:\/\/twitter.com\/hashtag\/Dubai?src=hash&amp;ref_src=twsrc%5Etfw\">#Dubai<\/a> real estate market is solid. There is still a huge appetite for high-quality real estate, well-managed private companies will emerge unscathed.<br \/>With some re-evaluation of their plans, Dubai large companies like <a href=\"https:\/\/twitter.com\/hashtag\/Damac?src=hash&amp;ref_src=twsrc%5Etfw\">#Damac<\/a> will continue to do well.<\/p>\n<p>&mdash; Khalaf Ahmad Al Habtoor (@KhalafAlHabtoor) <a href=\"https:\/\/twitter.com\/KhalafAlHabtoor\/status\/1188479890045263872?ref_src=twsrc%5Etfw\">October 27, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>Finally, Habtoor concedes that there have been issues with delivery, which he hopes can be rectified<\/h2>\n"},{"acf_fc_layout":"text_block","content":"<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">5. The most important thing to any investor is timely delivery, as they want to see return on their investment sooner than later.<br \/>Unfortunately, we have seen delays in delivery to buyers from major developers in <a href=\"https:\/\/twitter.com\/hashtag\/Dubai?src=hash&amp;ref_src=twsrc%5Etfw\">#Dubai<\/a>. I hope serious measures are taken to fix this issue.<\/p>\n<p>&mdash; Khalaf Ahmad Al Habtoor (@KhalafAlHabtoor) <a href=\"https:\/\/twitter.com\/KhalafAlHabtoor\/status\/1188480986805346305?ref_src=twsrc%5Etfw\">October 27, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n"},{"acf_fc_layout":"text_block","content":"<p><em>Read the original Bloomberg article <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-10-27\/dubai-faces-a-disaster-from-overbuilding-top-developer-says\" target=\"_blank\" rel=\"noopener\">here<\/a><\/em><\/p>\n"}],"legacy_image":"","legacy_full_image":"","disable_ads":false,"slots_script_override":"","ad_horizontal_top_desktop":"","ad_vertical_left_desktop":"","ad_vertical_right_desktop":"","ad_horizontal_top_tablet":"","ad_horizontal_bottom_tablet":"","ad_horizontal_mobile_1":"","ad_horizontal_mobile_2":"","ad_horizontal_mobile_3":"","article_ad_infeed_slot":"","ad_square_podcast":"","disable_lovin_hearts":false,"lovin_heart_title":"","show_sponsor":false,"sponsor_image":false,"sponsor_name":"","sponsor_content":"","sponsor_website":"","sponsor_facebook":"","sponsor_twitter":"","sponsor_instagram":"","enable_reveal_feature":false,"reveal_image":false,"legacy_sponsor_name":"","legacy_sponsor_website":"","legacy_sponsor_content":"","legacy_sponsor_image":"","legacy_meta_tags":"","is_guest_user":false,"episode_number":"","embed_code":"","episode_introduction":""},"image_feature":null,"author_name":"Casey Fitzgerald","_links":{"self":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts\/18065"}],"collection":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/users\/397"}],"replies":[{"embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/comments?post=18065"}],"version-history":[{"count":0,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/posts\/18065\/revisions"}],"wp:attachment":[{"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/media?parent=18065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/categories?post=18065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lovin.co\/dubai\/en\/wp-json\/wp\/v2\/tags?post=18065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}