Dubai


For all the latest news visit us at www.the-negotiator.co.uk


Land of hope and glory


Agency IT guru, Chris Haines has relocated with his family to Dubai in the hope of exploiting its recovery. Here, he describes the process.


T


he lure of sunnier, more prosperous climes is appealing when operating in such precarious times as we are, and the Middle East has been one


such destination to hold mass appeal. Unless you’ve been living as a recluse for the past few years, you would have read about the rise and the fall of the Middle East, and in particular the shining star of the United Arab Emirates that is Dubai. Maybe the idea of buying or renting a property there has crossed your mind, and possibly even moving and setting up business there as an agent.


20 l June 2012 l TheNegotiator It’s no secret that the city suffered a


devastating fall from grace in 2009, with the property development market coming to a grinding halt and projects being mothballed mid-build. There are plenty of stories concerning


foundations of residential towers and hotels being covered with sand as if they never happened, and it was certainly true that thousands of cars were left at the airport by their expat owners, fleeing rather than having to face the prospect of being imprisoned due to the non-payment of their debt.


Dubai currently has the world’s tallest


building, the Burj Khalifa, which stands at 828 metres and encapsulates the country’s rise and fall. While displaying the extraordinary vision and availability of funding that once was, it also serves as a stark reminder of the financial strife to have been suffered; originally it was to be called Burj Dubai, but was renamed Burj Khalifa in honour of the UAE President Khalifa bin Zayed Al Nahyan, thanking him for his crucial support when, during the financial crash, Abu Dhabi gave Dubai a $10bn [£6.3bn] bailout.


www.the-negotiator.co.uk


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44