From Calculated Risk,[F]aced with crippling debts as a result of their high living and Dubai’s fading fortunes, many expatriates are abandoning their cars at the airport and fleeing home rather than risk jail for defaulting on loans.Imagine that. Ian from Birmingham got caught up in the housing mania and blew his nest egg in the Dubai desert. He can no longer feed his "investment," and if he steps foot there he risks arrest.
Betcha the hundreds of thousands of "guest" workers who built this ocean of empty skyscrapers and condo towers don't get unemployment bennies.
2 comments:
I say good riddance. It was frankly astounding the number of "also-rans", "wannabes" and second rate aspirational plastic Brits who had attempted to colonise the place.
Dubai is such a shallow, blinged up temple to vulgarity that it makes Chigwell look like the epitome of taste and restraint.
Can't make it in the City? Go for a quick buck in Dubai.
Frozen out by the friends back home? Get some plastic ones in Dubai.
Lizzie Duke's range not brash enough? Go for the real bling in Dubai.
If it weren't for the fact that half the ugly skivers will end up back in Blighty, I'd be laughing my socks off.
The workers who built the buildings get sent home when there's no work. Countries in the ME don't just let unemployed foreigners hang around doing nothing.
A significant number of the skilled workers in Dubai are apparently migrating to Qatar, where there's still a shortage of such folks, and money to complete projects. Qatar, unlike Dubai, actually has significant hydrocarbon revenue to fund development. Qatar is also in a better position to prevent the economy from overheating.
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