Explosion In Dubai
With a massive range of developers, both large and small, entering the Dubai property arena and property prices still climbing, is it any wonder that in less than 20 years, the Dubai property market has exploded from this:
to this:
Dubai has seen around 40 towers, and other property complexes developed at Dubai Marina, with a similar number of properties nearing completion at the nearby Jumeirah Lakes. Jumeirah Beach Residence project last year saw the completion of 40 towers.
Development is well underway in Dubailand with several projects currently up and running including Al Sahra Resort, Dubai Sports City and the Dubai Autodrome and there are now 4 major Palm projects (Palm Jumeirah, Palm Jebel Ali, Palm Deira, and Palm Universe). Development is also well under way at Dubai Waterfront, Arabian Ranches, The World, Burj Dubai, Jumeirah Islands, Silicon Oasis, Business Bay, Discovery Gardens, International City, with many other developments ongoing.
There are many other Dubai property developments on the horizon including the $11 billion Arabian Canal project, which at 75 kilometres will be one of the world’s longest man-made waterways. The Arabian Canal project will flow from Dubai Waterfront to Palm Jumeirah, passing east of the planned Al Maktoum International Airport and will be home to an estimated 1.5 million residents.
June 3rd, 2008 - Posted in Forecasts, Uncategorized, dubai property | |
