The Dubai Economic Comeback Is Going Nuts, And There’s A Surprising New Factor Fueling The Boom

Joe Weisenthal of Business Insider wrote a great piece about the Dubai economic comeback.

Here’s a fascinating nugget from SocGen strategist Kit Juckes, who just spent some time in Dubai.

Everyone knows that there’s a huge real estate boom there again, but what’s really interesting is why.

It turns out that the Arab Spring has resulted in a lot of rich people in the region looking for a safe space to park their money, and however bubbly Dubai is, at least it’s safer than their home country.

Read more here

 

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