Friday, December 25, 2009
With the Sheikhs of Abu Dhabhi allowing Dubai to slip and Emirates Airlines on the line, one can only guesstimate what the repercussions will be on the GCC. To some extent, I think the property debacle was imminent. Not only because Dubai’s property market has been built on sand and dry oil wells, but also because of the sentiments in the world markets. While Dubai was looking up at the 200 storeys of Burj Dubai (the tallest man-made structure ever built ), the man-made wonders of the Palm Jumeirah and the Dubai Waterfront; the world was looking at Dubai in silent speculation. I think sentiments are like self-fulfilling prophecies; if you think that the market will collapse, it most certainly does! Personally, it’s untimely as it might affect my prospects of finding myself a suitable job opportunity when I graduate in March. Nonetheless, I’m staying optimistic, hoping that sentiments can indeed turn the world around!