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.