Patience and faith are always helpful attributes for investors, but there are few examples that illustrate this point as clearly as Dubai, which is surging on the back of the UAE's rebounding housing, retail and tourism sectors.
News this week from the emirate’s highest-profile corporates from the boom years, including Dubai International Capital, Istithmar World, and Emaar Properties shows that this approach will pay off over time.
DIC is ready to invest again, while Istithmar is selling its stake in a landmark resort in Florida and Emaar is expected to give the nod for bondholders to take equity in the company.
The really good news is that those who invested in Emaar’s bonds in 2010, when the naysayers were loudest about Dubai’s prospects, and held on to their investments are set to be rewarded handsomely for their faith.
Bondholders could ultimately exchange the debt at a price of Dh4.38 a share, compared to a current trading value of more than Dh7, that translates into a profit of over 70 per cent.
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
Poacher
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
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UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Hidden killer
Sepsis arises when the body tries to fight an infection but damages its own tissue and organs in the process.
The World Health Organisation estimates it affects about 30 million people each year and that about six million die.
Of those about three million are newborns and 1.2 are young children.
Patients with septic shock must often have limbs amputated if clots in their limbs prevent blood flow, causing the limbs to die.
Campaigners say the condition is often diagnosed far too late by medical professionals and that many patients wait too long to seek treatment, confusing the symptoms with flu.