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Sese, the restaurant manager of the five-star Le Méridien Yalumba, said: “We are back and as busy as before.” Devotees for Friday brunch in Dubai paid $250 for free-flowing Clicquot Champagne. .
Driven by one of the tallest cities in the world, this global city-state seems to be in a period of prosperity. vaccination Interest rates and measures taken by the government to attract companies and ease tensions with regional competitors.
The unmasked debauchery returned to the dance floor. The brunch people are drinking unscrupulously. Home buyers flooded into the market. Tourists are snapping up hotel suites. foreigner The millionaire is moving to the emirate.
Although the coronavirus infection is now making a comeback, it is still lower than the peak in the past.
The Dubai government did not respond to a request for comment.
For those who think back to the peak period in Dubai last December, this is deja vu, when the city attracted tourists and influential people fleeing the virus blockade and cold weather.
The open policy allowed revellers to satisfy their repressive desire to go out on New Year’s Eve, but the number of infections quickly soared to unprecedented heights, and hospitals were overcrowded.
A year later, mass vaccination made Dubai feel like it was out of trouble.
Although the threat of omicron is imminent, the daily number of infections has been below 100 for several weeks, but soared to more than 660 on Wednesday, but the number of hospitalizations and deaths from the virus is very small.
Although the vaccination rate in many Western countries is stable, UAE According to the report, 99% of people eligible for vaccination—people over 12—get at least one dose.
Some received five.
In the global battle for vaccines, the UAE has relied on a shot from Sinopharm’s Chinese company Sinopharm Group.
Although the country’s vaccination rate has soared this spring, the number of infections is on the rise—as is the concern of Sinopharm’s insufficient antibody response.
Now, Sinopharm is no longer an option in Dubai.
Those who have received both vaccinations, including a large number of low-paid foreign workers in the UAE, also chose Pfizer’s BioNTech dual vaccinations.
The government provides Pfizer boosters to all adults.
Months of restlessness have given way to unburdened excitement. According to data from the website Property Finder, inspired by widespread vaccinations and record low mortgage rates, Dubai’s November property sales exceeded any month in the past eight years.
Sales prices have soared to pre-pandemic levels. Until June, prices rose by 2.5% month-on-month, and the luxury goods sector experienced a crazy appreciation.
Market analysts attribute the boom to the suspension of villa construction and the influx of Western European, Chinese and Indian financiers into Dubai’s sparkling open offices, high vaccination rates and low tax rates.
Real estate agents said that a large cryptocurrency conference in October attracted dozens of young millionaires who had prepaid cash for beach villas.
When talking about why he moved his family from Brussels to Brussels, Christophe De Rassenfosse, Chief Product Officer of Property Finder, said: “You can go to restaurants. There is no debate about remote work. In Europe, this is not the case because it is still locked down. .” Dubai in October.
“You don’t necessarily have a large percentage of the elderly occupying the hospital.”
The government has promoted plans to make the emirate more attractive to foreign investors and tourists through new 10-year visas, retirement and freelance options, and reforms to the country’s Islamic code.
As competition with neighboring Saudi Arabia intensifies, the UAE’s latest move is to change its working week from Sunday to Thursday to Monday to Friday to align with the West.
The rebound is evident in the city’s crowded hotels, blocked roads, and noisy nightclubs.
According to data from the data company STR, Dubai’s hotel occupancy rate exceeded 90% in mid-November.
Long-haul airline Emirates estimates that more than 1.1 million passengers will pass through its Dubai terminal before the holidays.
According to navigation company TomTom, the traffic volume in the first week of December exceeded 2019 levels.
There are no taxis on many street corners, and fleet owners have scaled back their operations during the pandemic, citing shortages caused by “unprecedented” demand.
According to market research firm Euromonitor, total alcohol sales in the UAE this year increased to 117.5 million liters, an increase of approximately 7.8% over the previous year.
The growth has even extended to business with the UAE’s long-term competitors, Turkey and Iran.
In the past few years, politics has poisoned trade between powerful nations. But in the recent series of diplomatic activities in the Middle East, the actual leaders of the UAE met with the Turkish President in Ankara, and a senior national security adviser from the UAE visited Tehran.
According to data from the Iranian government, from March 2021 to September 2021, Iran’s imports from the UAE surged by 70%, reaching US$5.4 billion.
Since the United States imposed severe sanctions on Iran at the end of 2018, UAE imports will reach unprecedented levels.
According to the UAE’s official WAM news agency, the trade volume between the UAE and Turkey also increased by more than 100% in the first half of this year, reaching US$7.2 billion.
Iranian and Turkish business leaders in Dubai said that easing has relaxed restrictions on their licenses and visas.
Fatma Nilgun Emrem, a Turkish business expert at Tamimi Consulting, has received a large number of requests from Turkish beauty salons, retailers and restaurants to open a store in Dubai.
“The UAE’s policies and views are changing,” she said.
The board member of the Iran-UAE Business Council, Hossein Asrar Haghighi (Hossein Asrar Haghighi) also described the “relaxation” of trade regulations for Iranians, and that more and more Iranian businessmen have won the UAE 10 Golden visa of the year.
“Dubai Going Out Combo Coronavirus disease, The easing of regional tensions and new initiatives to attract companies, this is a very good environment,” said Gregory Gause, a scholar in the area at Texas A&M University.
“But Dubai has no control over what is happening around it.”
The breakdown of negotiations in Vienna to revive the Tehran nuclear agreement could exacerbate tensions in the Middle East.
James Swanston, an economist at Capital Economics, warned that when next year’s World Expo ends and leaves Dubai, the industry may experience overcapacity.
And the rapid spread of omicron may soon ruin the party in Dubai.
But for now, optimism is dominant.
“The money is back,” said Saeed Zakari, the captain of Dubai Creek, sailing to Iran in the Persian Gulf in a dhow full of electrical appliances. (AP) virtual machine virtual machine
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