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Article: 'Dubai, the frontier of recovery'.
- Article from:
- Gulf News (United Arab Emirates)
- Article date:
- August 21, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Suzanne Fenton, Staff Reporter
Dubai: The results are in for Dubai's listed real estate developers and they were a mixed lot although there is a lot to be optimistic about in Dubai's real estate market. Here, Mahdi Amjad, executive chairman of private developer, Omniyat Properties and president and chief executive of Omniyat Holdings, explains why quarterly results should be taken with a pinch of salt, the key to a better fourth quarter and why Dubai is the frontier of recovery.
Amjad took a deep interest in the trading activities of his family's business at a young age before going on to establish his first company Almasa Computers in Dubai. ...