How Is The Consumer Doing? Depends On Your Angle

The UAE consumer is a genuine dichotomy. There is just such a big difference in how people spend money in Dubai and say in Sharjah. Up until 2009, the economy was booming and the real estate market was in overdrive as a lot of high spending expatriates flocked into Dubai in their droves, creating a fantastic platform for anyone involved in the premiumised universe in particular. Most of this momentum came to a grinding halt during the global financial crisis and generally remains quite a way off the pre-crisis peak.

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