Monday 9 February 2015

Dubai’s Real-Estate Moguls Bet on Another Property Boom - WSJ

Dubai’s Real-Estate Moguls Bet on Another Property Boom - WSJ:



"Real-estate mogul Safi Qurashi is often asked why he has stayed in Dubai after he was imprisoned here for nearly three years and came close to losing his entire business.



“Why should I leave?” The 45-year-old Briton says. “Dubai is still full of opportunity.”



Mr. Qurashi is just one of a cadre of high-profile, sometimes controversial, property magnates who built their reputation in Dubai’s last property bubble. Many are now back building weird, wonderful and some say wildly overambitious projects in another go-go era for the Middle East’s capital of bling."



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