Gloss Comes Off Dubai as Oil Woes Spill Into Expat Promised Land - Bloomberg

Gloss Comes Off Dubai as Oil Woes Spill Into Expat Promised Land - Bloomberg:



"Kier Riemersma and his wife sat down a few months ago to make a difficult decision. The American couple, who lived in Dubai for over a decade, would wind down his real estate business and move back home to Denver, Colorado.
“Frankly, we struggled in the past year and half,” said Riemersma, 46, who had to dismiss his five employees in March. “We probably chased 20 major assignments and got only one. Most of the others we didn’t lose. The projects never progressed and simply weren’t awarded.”"



'via Blog this'