Oh, happy days are here again in Dubai-land.
Cityscape DubaiGlobal — it got renamed “global” after Dubai’s market went comatose following the economic crisis in 2008 — was held was held here last week. It’s sort of like speed-dating for the real estate set. Developers set up booths, many with huge and incredibly detailed models of future developments, and investors stroll around, stopping at projects that catch their fancy. In the boom years here, as many as 40,000 people a day in the first two days would apparently visit the show and many, many of them bought properties while there.
This year, it seems the glory of those days has returned. Organizers have said that attendance was up by 25 percent this year compared to 2011 and the media fanfare trumpeted the over-the-top projects that made Dubai famous in the first place.
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