The Wall Street Journal has confirmed that Dubai's strong comeback is assured and that we have come to expect it, having witnessed distinctive plans being executed at full capacity. The paper pointed to announcements by UAE officials of plans to expand ports and a stream of new projects aimed at rapidly stimulating the economy.
The newspaper noted that the current recovery phase is distinguished by confidence, citing the maritime and land transport sector as an example. Dubai has already adapted: with activity at Jebel Ali port temporarily reduced, the smaller ports of Khor Fakkan and Fujairah on its eastern coast have become a busy, non-stop lifeline, and long lines of trucks loaded with shipping containers have become a familiar sight on the motorway.
Ahmed Youssef Al Hassan, Chief Executive of DP World in the Gulf Cooperation Council states, which operates Jebel Ali port, said in this regard: "Our teams are fully ready to manage the increase in the number of vessels berthing as soon as shipping schedules return to normal."
In the real estate market, Al Ajaji, founder of Driven Properties brokerage, confirmed that the property market is recovering strongly, with Indian, Russian, Chinese, and Emirati investors currently seizing opportunities and purchasing investment properties.
Ebtisam Al Ketbi, President of the Emirates Policy Center, said: "People are still going to restaurants, and meetings are being held. The discussion is not about whether we should leave Dubai, but about whether there are opportunities available and what the right timing is."
Jeremy Savory, a British resident in Dubai whose company assists clients seeking a second passport and overseas residency, told the newspaper: "Generally, those who have been here for a long time are very optimistic about the future of the market."
The newspaper also affirmed the UAE's financial robustness, noting that since the end of the Iran war, the government has announced numerous new projects and assistance programmes aimed at reviving the economy. It pointed out that the UAE's sovereign wealth funds, which manage assets worth more than $1.8 trillion, provide enormous backing that allows the country to avoid external borrowing, support local companies, and inject liquidity into the domestic economy.
The newspaper also noted Dubai's proven success in turning crises into achievements, adding that the planning currently under way will give rise to a new renaissance — as Dubai has always done.