We are back...". He continues, “All the projects that were there are going ahead,” although some may be delayed for six months to a year. Which doesn't seem to correlate with what's directly below, another headline stating that a bond prospectus posted on the London Stock Exchange website on Monday stated that Dubai has cancelled almost half of the real estate projects planned in the emirate due to weak demand following the global financial crisis.
And all the while, back in the real world, the construction industry in Dubai is moribund, jobs are still being lost and so many people I talk to are 'just hanging on'. Reality doesn't seem to fit with the mixed messages.