Dubai Back To Being Islamic Capital Of Real Estate - Forbes:
"We’ve all seen pictures of the man-made palm tree island off the coast of Dubai in the United Arab Emirates. It sticks out into the Persian Gulf like a spectacle, or better yet a reminder of what oil wealth and human ingenuity can accomplish.
The palm is known as Palm Jumeirah Island, built by Dubai government-owned real estate developer Nakheel in 2005, is not for the middle class. A house on the “trunk” of that island will cost over $1 million. A two bedroom, 1,700-square-foot apartment in the Tiara Residences will set you back a cool $1.44 million.
Supposedly this is what can happen when your government is so rich, it’s main objective — to create jobs, bring in foreign talent, create a multi-cultural futuristic city — is more important than making money. At least at first."
'via Blog this'
No comments:
Post a Comment