Tag Archives: Dubai

Why the Rich Love Dubai

dubai mall

But Dubai…has an asset that counts as much as location, infrastructure, an eager multinational workforce, business-friendly rules and an absence of politics. With much of the region in distress, skilled workers and capital are pouring in faster than ever. Recent arrivals include rich Syrian and Egyptian exiles, and if Western sanctions on Iran are eased, Dubai is poised to cash in mightily, too. “The Arab spring has been great for us,” says Mishaal Gargawi, a young Emirati from a notable merchant family who is launching a private think-tank. “Everyone comes here, from Colonel Qaddafi’s lieutenants to Saudis getting a government payrise and blowing it on iPads in the Dubai Mall.”

Dubai:It’s bouncing back, Economist, Nov. 23, 2013, at  52