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Property Development In Dubai Reaches New Heights
Property development in Dubai has possibly just one rival in terms of the glitz, glamour and sheer scale of projects being built: Las Vegas. However unlike the latter with its faux Eiffel Towers and Giza pyramids, property development in Dubai is the real thing. From the world’s tallest skyscraper to a group of artificial islands created to resemble the world map, property development in Dubai truly have no equal.
At present it is estimated that 100 billion dollars of property development projects in Dubai are either in construction or on the drawing boards. Amongst the many ambitions property development projects in Dubai, are the soon to be completed Burj Dubai towers. When completed in September 2009, it will dwarf its closest rival, the Tapei 101 tower, by at least 300 metres.
Another extravagant example of property development in Dubai is The World. An archipelago of 300 artificial islands in the shape of the world costs approximately $14 billion. Other such colossal property development projects in Dubai include, the Hydropolis, the worlds first underwater hotel, the Dubai Marina, the largest of its kind in the world and the Dubai Waterfront, not just the largest property development in Dubai but the largest waterfront development project worldwide. Just this one property development in Dubai, larger than Manhattan will be home to 750,000 people. These are only few examples of the mega property developments in Dubai.
These incredible Dubai property developments are priced for an exclusive clientele. Office space in the Burj Towers is running at 4000 dollars a square foot and top residential property at $3,500. If you are planning to buy an island in the other incredible property development in Dubai – The World, they are reportedly selling for $250 million. But for these property developments in Dubai, which are marvels of modern technology and imagination - there is no shortage of takers.
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