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"Dubai's Real-estate prices are still very reasonable compared to the other emirates and this is a good indication that even though Dubai has been effected it is not as serious as the way the media has portrayed it to be in the last few weeks."
During the discussion Mr Faris Roumi Al-Naimi also stated that, having been based in Dubai for the last 3 months he believe that Dubai should be proud of the achievement of its other challenging issues like the ongoing traffic problem. The well-planned infrastructure was progressing quickly and will definitely rectify the problem. Adding that the infrastructure was very well built compared to the UK and the USA.
"Yes," said Mr Habtoor, "we need to look beyond this dark financial landslide and look forward to a changed environment filled with new creative ideas from the many lessons we have learnt. Moving forward I strongly believe it will soon be business as usual. The UAE will withstand the global crisis because the Emirates has come along way holding great strength and added that, it is this strength which will carry The UAE through this crisis."
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Posted by Siba Sami Ammari
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