DUBAI: Nations around the world are lurching into lockdown, steeling themselves for a brutal surge as the omicron variant spreads like wildfire.

But in Dubai, Donna Sese is bracing for a very different surge: countless restaurant bookings and metre-long drink bills.

“We’re back and busy like the way things used to be,” said Sese, manager of the Yalumba restaurant at the five-star Le Meridien hotel, where devotees of Dubai’s Friday brunch pay $250 for lavish spreads with free-flowing Clicquot Champagne.

The globalised city-state appears to be in the midst of a boom season, spurred on by one of the world’s highest vaccination rates and government steps to lure businesses and de-escalate tensions with regional rivals.

Maskless debauchery has returned to dance floors. Brunch-goers are drinking with abandon. Home-buyers are flooding the market. Tourists are snapping up hotel suites. Expat millionaires are moving to the emirate. Coronavirus infections, although now making a comeback, remain below past peaks. The Dubai government did not respond to request for comment.

It’s dj vu for those recalling the rush of December last year in Dubai, when the city courted tourists and influencers fleeing coronavirus lockdowns and wintry weather elsewhere. The open-door policy let revellers sate their pent-up desire to go out on New Year’s Eve but infections soon rocketed to unseen heights, and hospitals filled up with Covid-19 patients.

A year later, mass vaccination has left Dubai feeling like its off the hook. There have been vanishingly few virus hospitalisations and deaths even as the global spread of omicron threatens a new surge. Daily infections surpassed 1,000 on Thursday after lows of under 100 for weeks.

While many Western countries have seen inoculation rates plateau, the UAE reports 99pc of all of those eligible for vaccines anyone over 12 has received at least one dose. Some have received five.

In the global vaccine scramble, the UAE relied initially on a shot made by Sinopharm, a state-backed Chinese company. Even as the nation’s vaccination rate soared, infections rose as did concerns over Sinopharm’s insufficient antibody response.

Now, Sinopharm is no longer an option in Dubai. Those who received both doses, including the emirate’s legions of low-paid foreign laborers, also have opted for double vaccination with Pfizer-BioNTech. The government offers Pfizer boosters to all adults.

Months of trepidation have given way to unburdened excitement. Encouraged by widespread inoculation and record-low mortgage rates, more properties were sold in Dubai in November than in any other month in the last eight years, according to website Property Finder.

Sales prices have surged past pre-pandemic levels. Until June, prices were climbing 2.5pc month on month, with wild appreciations in the luxury segment.

Market analysts have attributed the hot streak to a pause in villa construction and influx of Western European, Chinese and Indian financiers drawn to glittery Dubai’s open offices, high vaccination and low tax rates.

A giant cryptocurrency conference in October drew dozens of young millionaires who paid cash upfront for beach villas, real estate agents said.

You can go to restaurants. There’s no debate about remote working. This is not the case in Europe where it’s still locking down, said Christophe De Rassenfosse, the chief product officer of Property Finder, about why he moved his family from Brussels to Dubai in October. You don’t necessarily have a huge percentage of elderly people which occupies the hospitals.

The government has promoted plans to make the sheikhdom more attractive to foreign investors and visitors, with new 10-year visas, retirement and freelance options and reforms to the country’s Islamic legal code.

Published in Dawn, December 24th, 2021