Fri, Aug 29, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Construction, Market Moves, Middle East and Africa more

Giant Taj Mahal can’t hide Dubai’s weak real estate market

Posted on 25 October 2012

Dubai proclaimed its real estate comeback in the only style it knows: grandiose. A replica of the Taj Mahal about four times bigger than the original, a skyscraper with nine swimming pools and a mile-long canal winding its way around office buildings are among the high-profile projects unveiled in the past few weeks.
The plans had been on hold since the financial crisis brought the emirate’s property boom to a halt in 2008. The eye-catching developments may be creating a buzz. In reality, the nascent recovery has been limited to a few areas of Dubai, which suffered a slump that caused property values across the emirate to fall by as much as 65 percent………………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031