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Thursday, 13 September 2012

Afghans seek shelter in Dubai ahead of pullout

Not long ago, Mohammed Daoud was making good money hiring out halls for wedding parties thrown by a new class of Afghan war entrepreneurs.
Today, he is using some of the profits to buy a $160,000 apartment nestled amid the skyscrapers and shopping malls of Dubai.
Daoud sees his 27th-floor bolt-hole as both a canny investment and the ultimate insurance policy against the darkest scenarios he can envisage for his homeland when the bulk of foreign forces leave.
"Nobody knows what's going to happen after 2014," he told Reuters in Kabul. "If something happens with the security situation here, I can take my family. We feel safe in Dubai."
Wealthy Afghans have sharply increased the pace of investment in property in the Gulf Emirate, motivated by a mix of hard-headed commercial calculations and more nebulous security fears sparked by the drawdown.

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