How the Afghans dominate Palm Jumeirah and other yarns
March 7, 2010
Dubai has recently been at the centre of some excellent reporting from
Andrew Higgins, the Pulitzer prize-winning journalist currently working for the
Washington Post (formerly of the
WSJ). The stories revolve around the Dubai property market and how millions of dollars from Afghanistan and Azerbaijan ended up in places like the
Palm Jumeirah. Not everything appears above board - for instance, $44 million worth of villas are in the name of the president of Azerbaijan's son, according to one story.
All three should be required reading for anyone trying to get a grasp on the economic dynamics of the region: money is churned hand-over-fist in places like Kabul and it ends up in luxury property in the Emirates.
Photo caption: Feb 7. Lion statues outside the entrance of one of the villa on frond K at Palm Jumeirah in Dubai. Pawan Singh / The National
"In Afghanistan, signs of crony capitalism" - February 22, 2010
"Officials puzzle over millions of dollars leaving Afghanistan by plane for Dubai" - February 25, 2010
"Pricey real estate deals in Dubai raise questions about Azerbaijan's president" - March 5, 2010
Published: March 7, 2010 04:00 AM
