Realty Around The World

11 03 2007

Last year I had the opportunity to stay in Dubai, United Arab Emirates(U.A.E.) for almost a week.  I chuckle now because of the complaints with the traffic in our area, and the never ending construction. Dubai is one of the fastest growing economies in the world, and it is evident the moment you step off the plane. I was there as a government contractor, so we traveled in large groups. As our entourage cleared the airport property, the skyline was shown to us as a moving, mechanical thing. 

15% to 25% of the 125,000 construction cranes currently operating in the world today are located in Dubai.

 Nothing but skyscrapers littered the sky, and perched on top were huge cranes.  Every roof top had one, and no doubt every available crane in the region was here. According to construction trade sources, 15% to 25% of the 125,000 construction cranes currently operating in the world today are located in Dubai. Yes you read that right, the world! Developers are flocking to because it boasts some of the world’s most liberal tax, investment, and residency laws.  A  Google search on “Dubai real estate” yields over 2 million hits.  So you think our area is booming?  Take a look at the pictures I snapped. I am very excited to visit Dubai in the future. A guy on the airplane explained to me that Dubai will be a mix of Paris, New York, Miami, and Las Vegas. Right now it only makes Linton Hall Road look like the Autobahn!

Dubai Skyline

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