neil_95051

Are you guys seeing any economic recovery in Dubai?

This guy from Nakheel is painting a very positive picture about the Real Estate situation in Dubai.would like to know from folks who are already in dubai if this is really true.
Planning to move to Dubai end of this year for job hunting, so just checking the status. I am in IT and not in construction, but I guess its all related

http://www.arabianbusiness.com/-let-...an-455513.html

Paracletus

Did you read the comment section under the article?

Maxima

I see you did not change your post even one bit from the one you posted on EF

Paracletus

Had to google that one to figure out where EF might be. Give the guy some credit, he has altered it to 2 paragraphs on here.

neil_95051

yes, I have posted in other forum too knowing that the audience are different.

Paracletus

Well, you're persistent in moving to Dubai..it's almost 4 years since you first came on and started asking. I wish you good luck.

hnd

Hate to be picky but, really, 'the audience are different'?

However, yes, there are some small indications that things are improving. Moving to Muscat in June and have recently sold our (Emaar - not Nakheel) villa which has appreciated some 20% since this time last year. Before any naysayer jumps in we bought off-plan in 2003 and, despite the boom and bust situation in Dubai, we have still made a handsome profit, thank you.

Another however would be that we have a friend who is in IT. He has had to move back to the UK and join the ranks of the unemployed because two contracts he was involved in eventually came to nothing despite months of hard work on his part for which he was never paid.

Millhouse

Dubai is massively profiting from the Arab Spring, high oil prices and a pick up in global trade. Hotels are booming, restaurants are busy again, house prices are up as people look for somewhere to park their savings and live. Most of Dubai's gains are at the expense of Bahrain and Egypt.

Does all of this translate into tertiary high paid western expat jobs? I'm going to guess no.