Click here for the hard truth about the current job marketAugust 31, 2015 8:50
The one with Abu Dhabi
Dubai-ans need to chill out and let Abu Dhabi have its day in the sun, says Eva Fernandes.
February 1, 2011 4:11 by Eva Fernandes
When Kipp published the article “Look at Abu Dhabi, thinking it’s ‘all that’” a friend of mine was appalled at just how brazen Kipp was being. Though the article wasn’t particularly derogative, there is a general kind of sensitivity long time Dubai residents and locals feel about the current shift of attention and focus from one time darling-of-the-GCC Dubai to its quieter and richer big brother, Abu Dhabi.
Being one such long time resident of Dubai myself, I can appreciate just how difficult the transition really is. It is something like being an only child at another child’s birthday party. Generally used to having all the attention from your parents, having to stand through a party where the spot light isn’t on you can be difficult: you might just end with your hand in the cake or blowing out the candles before anyone can get to them.
But, it’s a transition that residents and nationals of Dubai are going to have make their peace with, sooner rather than later if the news today is anything to go by. Take, for instance, the contrast between two top business stories: ‘Dubai Holding unit suspends Tiger Woods golf resort‘ and ‘Abu Dhabi hotel guests exceed target by 8%.’ Where as one talks about the suspension of a high profile golf resort which was supposed to have 292 residential plots for palaces, mansions, luxury villas and golf villas and an 18 hole golf course, the other boasts of a significant increase in tourism and hotel rates, in spite of a bleak year for the global economy. One is succumbing to global forces, the other is defying them.
To be fair though, Dubai Properties have said that when and if the property market bounces back they will continue work on the project, saying: “This decision was based on current market conditions that do not support high-end luxury real estate. These conditions will continue to be monitored and a decision will be made in the future when to restart the project.”
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