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Management Of Construction Projects
Gen Wright
Now a day most of the people have a secret ambition to own a property in Dubai. This fact is evident from a survey which was done three years ago. As everybody is aware that Dubai is running short of the oil reserves, so Dubai's prince has set a plan to turn Dubai into a tourism capital which will give a commercial and financial rise. He has succeeded in his plan to a great extent. The GDP of Dubai has been increased by 17 percent as compared to the last years. HSBC bank has prepared an estimate about the construction projects in Dubai which shows that their invested amount is about $42.5 billion. This amount is higher in comparison to other oil states which have invested only $20 billion.
The consequences of this entire plan are that Dubai is supposed to be the world's highest market for property investment. Moreover in Dubai no property whether it be small is underestimated. Five years ago, the tiny emirate was just a small village famous for fishing but astonishingly it has changed into the Manhattan for the Middle East region. Apart from this Dubai is famous for following a popular mantra that anything which is big is better. It is because of this mantra that this country has been able to manufacture the world's best seven star hotel. Moreover this hotel is world's first seven star and it is so big that everybody who visits their gets fascinated by its beauty. More than this, Dubai is also making arrangements to construct the biggest mall of the world. The construction plans are also progressing towards the manufacture of longest ski slope which usually works indoors.
The developing scale of Dubai is unprecedented with the construction of dozens of apartments and they get sold within a few days. There is a long queue of investors in Dubai. The projects that are released are the most innovative and ambitious that attracts a large number of customers to it. For instance the artificial islands like THE PALM and THE WORLD attracts most of the people just because of the beautiful scenes of beaches and front living. All these p [projects are in a way redefining the geography of the whole world. It is important to note that property market of Dubai is attracting the international interest at a very large scale. It seems as if every person wants to have a piece of Dubai, no matter if it's small or big. The most exclusive constructions of Dubai have been acquired by most of the celebrity people. For instance villas that are situated along the famous island THE PALM has been bought by many stars.
Therefore it can be imagined that if Dubai has achieved so much in last three years then what will be its place in coming years. The company Nakheel which manufactured THE PALM and THE WORLD islands is looking forward for a new project. Dream city being one of the new projects is extending the residential element within itself.
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