Are people queing to get out of Dubai?
Just this week we saw four moving trucks emptying apartments in the tower we live in in JBR in Dubai.
Many people who have lost their jobs and looking for new ones in Dubai, have given themselves until the end of the school year to find new ones. Unsuccessfully, then now it is the time to leave for them, as theirs kids school year is over. It seems that that time is now.
My wife spoke to someone related to Emirates Airlines in Dubai recently. He said that Emirates have sold 75.000 one way tickets out of Dubai this summer. And that Etihad (the national airline in Abu Dhabi) had sold 70.000 one way tickets out of UAE. Then on top of that you can ad the 100 other airlines flying in and out of Dubai and the rest of the UAE.
Remember the song: “Should I stay or should I go now?”. Well.. we love it here. Things are fast becoming cheaper and the infrastructure is great and getting better. Dubai has a lot going for it and will bounce back in a few years. It’s just too good a place to set up a business: no taxes and excellent climate.
