Dubai needs to slow down on the upturn | GulfNews.com

Dubai needs to slow down on the upturn | GulfNews.com:



"Dubai is at such an interesting juncture that it lends itself to analyst opinions that are mutually challenging. There are enough silver lines on the horizon for those who tend to approach issues with a sense of optimism. But for those who are inclined to look the other way, there is an uneasy déjà vu setting in.



As the local stock market gets ready to bask under the glow of “emerging markets” status in about two months’ time, a milestone development that has already played out twice over in terms of its excitement, there are increasing threats of funds going out in favour of other GCC markets where assets are more realistically priced. So, the timing of the benchmark index’s inclusion in the upgraded category looks somewhat out of context."



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