Tuesday, 4 September 2012

The Resilience of Dubai Keeps it on Top


The developments in the Dubai economy have really left the critics with no other option but to keep mum on the subject from now on. They were predicting the economy to crash which would cause the biggest disaster in the history of the Middle East but the UAE has proved that it can resist any sort of pressure in the long run and it is a fact that it has regained the focus of the world investors during the last two years. The outstanding tourism facilities and the truly innovative Dubai properties always had the potential to keep this city on its marks.

Though the investors had lost their interest in the Dubai city during the first two years of recession but it was the resilience of this city as a tourists’ spot and a great business attraction that kept it alive and finally it was able to shed the troubles of the recession. The Dubai administration kept focusing the public welfare during all the times and kept alluring the skilled people from all parts of the world towards Dubai to provide their services in this city. This kept pulling the expatriates to the city and the real estate was fueled through these expats. Finally, as the international economy is coming back to normal, the Dubai economy has also started to regain its lost glory and the far-sightedness of the Dubai administration played the main role in its renaissance.

The city is situated at a place that is center of attention in the region as on one side it shares the border with Saudi Arabia while its sea neighbors are Iran, Kuwait and Qatar. At the same time it also neighbors the South Asian countries that fulfill the man-power needs of the UAE. The beach parties, business attractions, luxury villas and apartments and the world class amenities that this state offers together make it one of the most attractive places on the face of the globe.

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