In the last month alone, Dubai saw at least eight new nightlife venues sprouting in the city and in the upcoming year, almost every single player on the scene is planning one, or even multiple, new openings.
Dubai is clearly becoming a hub, a favoured choice for many investors, with countless brand names coming from all ends of the globe to seek prosperity in the land of the opulent.
“Dubai is now becoming more and more aggressively competitive. You have people from all around the world just willing to come to Dubai, and throw crazy money in the city on the hospitality industry. You just can’t even follow the openings anymore, let alone attend all of them,” says Mazen Al Zein, CEO and founder of Crystal Group.
“There’s a bubble. There’s a strong bubble and we never know when this bubble will burst. Most of the new places that open are trend oriented. They come in and then they go as fast as they come in, and that’s the problem, that’s what they call a bubble. Meanwhile, the very strong ones suffer because they have their business taken from them
Dubai is clearly becoming a hub, a favoured choice for many investors, with countless brand names coming from all ends of the globe to seek prosperity in the land of the opulent.
“Dubai is now becoming more and more aggressively competitive. You have people from all around the world just willing to come to Dubai, and throw crazy money in the city on the hospitality industry. You just can’t even follow the openings anymore, let alone attend all of them,” says Mazen Al Zein, CEO and founder of Crystal Group.
“There’s a bubble. There’s a strong bubble and we never know when this bubble will burst. Most of the new places that open are trend oriented. They come in and then they go as fast as they come in, and that’s the problem, that’s what they call a bubble. Meanwhile, the very strong ones suffer because they have their business taken from them
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