“The audacity of the city´s rulers is breathtaking. Running out of coastline to build hotels? Build vast artificial islands with 120km of new beachfront. Need better connections with the world? Build up an award-winning international airline in 15 years. Need some publicity? Stage the world´s richest horserace, million-dollar lotteries, international tennis and golf tournaments, and a month-long shopping festival. Need a few landmarks for people to recognise? Up goes the world´s tallest and most lavish hotel, perched on an artificial platform, and a city skyline to boggle the eye” (www.lonelyplanet.com).
As you can see from the above quote, Dubai is gaining a great amount of head turning due to its residential, business and tourist attention. Through SAI Investments Properties Ltd, you can now invest into some of the most attractive and exciting properties in the modern world today, from the 8th wonder of the world esque ‘Park Towers’ to the luxurious water side ‘Marina Terrace.’
When looking for property in Dubai, there is one simple rule of thumb: if they have already started building it, then it’s probably already sold. That, at least, is how it seems to (property consultant) Daniel Simpson.
After a quick tour through a little cluster of pristine show homes, optimistically named the Street of Dreams, we are down by the marina (under construction) in a large hall dominated by a huge architect’s model. Although most of the buildings depicted are little more than concrete skeletons, most of them, too, have been snapped up - many by Brits.
“About a year and a half ago, when one of the developments was released for sale, people queued all night, and they sold 900 houses in seven hours,” says Simpson.
“Things have calmed down a bit. But you still get developments that sell out in a day.”
Anybody who thinks eastern European markets are hot should come to sweltering Dubai. This former fishing village turned wannabe desert megalopolis is experiencing a property boom that takes the breath away.
They don’t just put up tower blocks in modest ones and twos here — they knock ’em up by the dozen, with armies of Third World labourers toiling around the clock to finish 70- or 80-storey monsters of glass and concrete in record time.
Further Reading: Sunday Times Article On Investing In Dubai.
