Dubai And Abu Dhabi's Common Meltdown Woes - meltdown
With the world in recession for the first time in the 21 st century, two major business centers in the Persian Gulf, Abu Dhabi and Dubai, have also caused repercussions in their own backyard.After seeing significant growth in both cities1990. realize today that in the years to come, they will have to work for the common good.
Neither Abu Dhabi nor Dubai expected to spend these test periods without calling on each other to join.The commercial and landmark buildings of the two cities, including the hotels in Abu Dhabi and the hotels in Dubai, are like two veins, running through the development of the entire UAE and the Middle East.None of these can be separated or survive without others.
The two cities have brought Arab nations and expatriates together to work towards a common dream, thus paving the way for the great economic and urban development of the region over the past 20 years.The current economic collapse could have much impact on the Gulf in the coming years, which is unpredictable, but with the reality and the slowdown in the tourism sector, these signs are ominous.Hotels in Abu Dhabi and hotels in Dubai have had lower occupancy rates in recent months, compared with their earlier collections.
It is reported that due to the continued collapse of world business, the critical development of up to 3 out of 4 in Dubai may be delayed or put on hold.Real estate in Dubai bears the brunt of this causal relationship, and many people who bought luxury villas and apartments early in the year in return for a quick return are now counting their losses and the time they may need --even.The massive layoffs have added to this spiral of sorrow, and the small but eye-catching number of expats leaving the city has also increased further confusion.
The hospitality industry is also unaffected as reality drops, including hotels in Abu Dhabi and hotels in Dubai.Dubai may feel more heat than Abu Dhabi, if the global recession deepens further.There are two factors that may be beneficial to Abu Dhabi: first, it is moderately open to the construction boom compared to Dubai, and second, it has a large oil reservesReserve, it can return to any time in difficult times.
Experts predict that Abu Dhabi could be the savior of Dubai if the disaster deteriorates further.The latter may bear the brunt of its massive expansion in the real estate sector --Villas, apartments and hotels in Dubai-and duty-Today, free goods are available worldwide.Abu Dhabi's property consists of a series of equally impressive apartment buildings, villas and Abu Dhabi hotels, which are not as overheated as brothers and sisters.
As the recession continues, some expats may have to return to their home country, but others will continue to face a crisis with the Arabs, a hope.Interestingly, many people used to stay in hotels and other free properties in Dubai and go to Abu Dhabi to work every day.While the overall mood to stay in the UAE could be adversely affected due to the recession, the cash counter at the Abu Dhabi hotel has not dried up as at the Dubai hotel.
Even today, hotels in Abu Dhabi still enjoy the best offers for many tourists