What a difference a year makes. This time last year, the writing was on the wall. It was all but decided that the property market was a spent force, on the verge of being wiped out by the great pandemic. Its residents should have succumbed to nerves from the fearful haze of pain that the downturn had brought ashore.
Mass hysteria is a terrible force – and yet Dubai has always managed to escape it by some margin: it even managed to scale the sky during the depths of the last depression. The city has always managed to meet confusion and panic with grit. It is almost as if the city provides its residents with massive doses of a supplementary vitamin: the sense of belonging to something unique, cosmopolitan, mighty and unparalleled.
