Two new huge projects announced in the United Arab Emirates

Following guidelines introduced in January 2008, which say that all new commercial and residential property is to be built using sustainable building methods and materials, Dubai Properties have announced a new multi billion dollar eco friendly development in the center of Dubai. The development will be built on a plot of over 850 million square [...]

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Real Estate Bubble In Dubai?

Can rising oil prices keep Dubai’s fast growing real estate market from imploding? Right now, rising oil prices are the major cause of Dubai’s 15% yearly inflation. Yet, according to The Guardian, approximately 1/5th of the world’s construction cranes are at work in Dubai. It is the fastest growing city on the planet and has “about $100 billion worth [...]

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