Expatriates in Dubai may have noticed that a large number of high profile building projects, which were put off due to the financial crisis, have now begun.
This latest property boom includes a replica of the Taj Mahal, four times the size of the original structure in India and a megacity to be named after Sheik Mohammad bin Rashid, the ruler of Dubai.
When completed the ‘desertopolis’ will include a shopping complex so big that it will eclipse the size of Hyde Park in terms of floor space and therefore be the largest in the world.
With economic growth picking up again, Dubai is keen that it is seen as up there as a top destination for investment, shopping and tourism, reports the Telegraph.
Another project which had been put on the back burner, but has once again come to the fore is the Falconcity of Wonders – a theme park with larger than life size replicas of the Eiffel tower, pyramids at Giza and leaning tower of Pisa.
Mark Stott, chief executive officer of property developers Select Property, said: “These projects are fantastic news for Dubai and will be a huge boost for the economy.”
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