Is Dubai in a recession now?

Dubai, UAE has been in one too many recessions over the period of time. And at every particular recession - it was told that THIS one was the worst one. And having lived in UAE for 36 years I have been through them all. read more

So if you ask me is Dubai, UAE’s recession over - the answer is absolutely no. From 2018, you will get to see the full force of the recession starting and the disasters that follow. If I were you in Dubai, UAE - I would be very very very cautious and careful. And hold on to my money and live below my means. read more

Dubai: It's been about seven years since the global financial crisis, but UAE consumers are still worried about the economy’s staying power. In its latest consumer confidence index, market research firm Nielsen said that 53 per cent of residents polled in the fourth quarter of 2015 believed that they were in recession. read more

Recession is a matter of opinion, and as a strategist and an advisor, I’m more interested in the facts. I’ve heard the same rumours you have: Russian sanctions, Chinese recession, the oil price is driving GCC investors out of the market, and now Brexit is pulling out the Brits. read more

Recession' is a word that is never too far away from the mind in the UAE. The memories of the global financial crisis in 2008 and resulting years of recession are not quite faded. Dubai, being a relatively new city in its current form, has question marks over how long the economic trajectory can be sustained for. read more