Dubai says airports will defy downturn
Until about a year ago, the Dubai economy laid a fair claim to being the mother of all modern property booms with new skyscrapers appearing on its skyline

Until about a year ago, the Dubai economy laid a fair claim to being the mother of all modern property booms with new skyscrapers appearing on its skyline at a breathtaking rate. However, once ripples from the global financial crisis started to hit Dubai’s shores, it appeared that many of the developments may figuratively have been built on sand without the firm foundation of sustainable demand.

But this negative situation does not apply to Dubai International Airport (DXB) and its new big brother Dubai World Central-Al Maktoum International Airport (DWC-AMI), insisted Dubai Airports CEO Paul Griffiths last month. The development of the airports is “very much alive and well,” he said at a conference held in Paris by France’s Air & Space Academy.