No recessionary fears in Dubai !!! At least that's what I got from a recent article in Business24-7.ae
The report cites total consumer spending by UAE citizens/nationals and expatriates at over $10 billion. It also appears that Europeans spent more money than Emiratis, and Emiratis spent more than other Arabs...
What is forex? The forex market is where one currency is traded for another. It is the largest market in the world, not only in Dubai. You can learn a lot about the most famous city of the Emirates and its amazing airport and also tallest tower in the world. its amazing airport. You could try following their forex trading plan (at your own peril), or set up your own forex blog to better learn forex. That way, you can at least take note of the reasons for taking specific trades, what forex chart patterns they are looking at, and get some valuable forex tips from them. Don't forget about calculating the support and resistance area for the forex pairs you're following by using a Fibonacci calculator. This will help you immensely in your trading as most speculators will be looking at the same price levels, and you could possibly predict the moves of currency pairs.
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For the past 5 years, landlords have rightfully earned the rank of being Dubai's scum of the scum. They basically screwed 99% of dubai's population and -each other's reputation along the way- by demanding ridiculous terms such as doubling rent, single payment advance cheques, creating hidden "charges" such as fees for parking, facility, service (or the lack of it to be more precise), bending tenant protection laws and many other low-life type of behaviour. With over 40,000 new residential units expected to hit the market in 2009, and thousands of other empty units already bought by speculators waiting to be flipped, not to mentioned the ones that will be foreclosed, the balance of power will be disrupted a bit more in favor of us tenants. Keep your fingers crossed.