Asia showing keen interest in Dubai property

Dubai Apartments

The Gulf, flush with money, is experiencing a development boom the likes of which has not been witnessed in the previous decade. The crane-scarred skyline in the six oil producing GCC countries bears mute testimony to what is taking place. In Dubai alone, according some statistics, there are over 1,500 cranes operating at any given time and real estate projects worth Dh165 billion ($45 billion) are currently under construction. Another Dh165 billion worth of projects are in various stages of development. (more…)