About fifty percent of the population of Dubai would be Indians. The locals account for only about 18%. A left wing politico from Kerala, the state from which the maximum number of Indians go to Dubai, has claimed that since the real estate boom’s collapse, over 100,000 Malayalis have returned to the state! Remember the Malayalis? I had posted about them!
There are other states also affected but the Indian financial sector claims that it is not directly affected though some remittances will stop. Be that as it may, one cannot but feel sad for the returnees and their families.
Not however, as sad as one feels about this local dignitary.
Mayo, after all the snow, you might like to consider buying some property in Dubai for now. Some great bargains are available and I believe that a lot of extras are thrown in free.