 |
| H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai opened 11th annual Cityscape Global event |
(Dubai, UAE) -- There is a renewed energy in Dubai these days being
witnessed by developers worldwide showcasing over an estimated $100
billion in new mega-projects in the UAE region at the 11th inaugural
Cityscape Global property developers conference being held this week in
Dubai.
Like Miami over the last three years, who has primarily benefited from foreign property buyers with lots of cash to stabilize and save the market, Dubai is now mirroring the same success 8,000 miles away in the UAE.
According to several real estate analysts at the event, most residential buyers of tens of thousands of Dubai condos are coming from such places as India, Iran, Pakistan, Russia and the UK.
Like Miami over the last three years, who has primarily benefited from foreign property buyers with lots of cash to stabilize and save the market, Dubai is now mirroring the same success 8,000 miles away in the UAE.
According to several real estate analysts at the event, most residential buyers of tens of thousands of Dubai condos are coming from such places as India, Iran, Pakistan, Russia and the UK.
