While talking with friends in UAE today, we touched on the topic of real estate development and investment in Dubai. After our call, I did a little more research online and checked out various articles. Apparently, the Dubai market is still quite vigorous and new developments are selling and leasing very well.
Another telling sign; according to Khaleej Times Online, there was more than 6 million tons of construction waste in Dubai over the first half of 2008, double the amount accumulated throughout all of 2007. Also, UAE’s first construction waste management plant opened in May of this year.
While nothing is confirmed yet, friends are doing a great job of putting both pressure and guilt on me to visit early next year. I admit I don’t enjoy the idea of a 14 hour flight, but I am rather intrigued by all of the things I’m seeing and hearing about UAE, especially with regard to real estate.
Here’s an address to an interesting blog about Dubai real estate development with some great pictures!
http://desinotes.com/a-glimpse-of-the-real-estate-development-in-dubai
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