Evan here, continuing yesterday’s post. I am sure you lost sleep in anticipation…
We believe that the level of participation at the recent Dubai conferences can be viewed as a barometer of market optimism. If the barometer is working, then there is some cause for hope. Over 70,000 people from 150 countries were in attendance at Cityscape Dubai 2008 last week and over 1500 participants from 150 countries showcased projects. This represented record participation by both local and international developers and is a substantial sign of confidence in the UAE’s economy and real-state market, notwithstanding the global financial crisis.
Evan here. I am writing to you from the Emirates Towers in Dubai, in between meetings with law firm clients (today those firms happen to be Baker Botts, Curtis Mallet and Vinson & Elkins). Last week, we did not venture past the Burj Al, the most famous and symbolic building in Dubai, but a place that you would likely go to only rarely, if at all, if you lateral to Dubai. Today, I am going to give a very basic and broad overview of life in Dubai for a US associate at a major law firm. I am writing off the cuff here, so to speak, being a bit swamped. I will just focus on information and save you this time from my attempts at humor and entertainment. As always, please feel free in the comments area to ask for further information or clarification on any subject. In the near future we will deliver a post that is more focused on life inside the Dubai firms, including practice area focuses and general office culture.