I am of course talking about the city of Phoenix in the US state of Arizona. What were you thinking?!
For several years now Dubai and Phoenix have worked on forging closer ties.
It is unclear as to who pursued whom in the first place – and why -, but in the end those efforts have culminated in the establishing of a strategic partnership between Dubai and Phoenix. An agreement was slated to be signed yesterday, 29 April.
Twinning two cities from different countries is in principle a great idea and it happens a lot across Europe. You can compare and learn from each other about new ways to do things; compare different regulations, strategies, and results. The idea is to tie with a city that is similar but not too much either.
So why has Dubai chosen to twin itself with Phoenix, Arizona? Well, it becomes all clear now: Phoenix boasts the biggest decline in property prices in the entire USA!
It’s so much more fun to compete with peers. Not only do you have a realistic chance of coming out tops but you can also conveniently point fingers at each other as example for similar problems across the world. This is reassuring for the respective populations. After all, it would hardly be very amusing for Dubai to compare itself with, say, Oslo or Zurich.
I can picture the municipality leaders of Dubai and Phoenix leaning heavily on a park bench, in between sips out of bottles in paper bags, commiserating with each other and ranting on about the unfairness of life. “Why me? It wasn’t me! It’s all the investors’ fault!”
As the saying goes: With friends like these....
Of course we hope that both cities will eventually rise from the ashes like the proverbial Phoenix. But this is only possible because in the first place both burned (their fingers) badly and crumbled.
By the way, currently Dubai leads Phoenix with a -41% versus -35% decline. Hooray. We are winning.