PPRuNe Forums - View Single Post - Middle East Unrest !!!
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Old 23rd Mar 2011, 17:23
  #135 (permalink)  
Dune
 
Join Date: Jan 2000
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Flightknight, forgive me but are you confusing the UAE with BAH?

Theres no mass exodus here in the UAE, in point of fact plenty of people in BAH are heading to the UAE.
This is correct. In fact, my business contacts tell me there has been a HUGE surge in commercial real estate inquiries in Dubai the past 2 months from businesses looking to move their MENA operations due to the political problems in Bahrain, Egypt, Libya, Tunisia and Oman.

This "unrest" may be the best thing to happen to the UAE for years (certainly since the bubble high in 2008). The UAE's perceived safety makes it a good geographical bet to base multi-national regional offices. The 50%+ property decline has also made the place once again a competitive center to base business assets.
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