Dubai Is Ready To Rock And Roll All Over Again!

Dubai had sparkled out of the Arabian Desert to be known as a top-notch city around the world. It has, and continues to fascinate its entrepreneurs and adventurers. It was once a sluggish fishing village, but today, it is a prosperous urban sprawl with a refined network of highways and skyscrapers. It has to its credit a plethora of extravagant malls and first-class hotels and attractions. Furthermore, Dubai, aspires to reinforce its position as the Middle Eastern hub for conveyance and sightseeing. For this, it has initiated quite a few major construction projects that abide some of the characteristics of the debt-laden boom years.

Dubai is gearing up to build a replica of Taj Mahal known as Taj Arabia by 2014. This facsimile, however, will be four times bigger than the original monument. It will include one million sq ft of retail space besides a 300-room hotel. Furthermore, we are well-aware about the gold and jewellery business in Dubai increasing every year. Therefore, there are plans to target the best of jewellery retailers from around the world to attract more tourists. The central theme of this colossal monument will be wedding and romance. What's more, Dubai has always aimed to reinforce its position as the Middle Eastern hub for transportation and sightseeing. Hence, it is no surprise that, HH Sheikh Mohammed bin Rashid Al-Maktoum, the Dubai ruler, has ordered the erection of a new city, named Mohammed bin Rashid City. This city would be at a whopping sum of more than $10bn. This city will be set in a dexterously backdrop estate replete with lush greenery, soothing water fountains and flowing streams. It will encompass 100 hotels, world’s largest shopping mall, art galleries, exhibition centres, and five theme parklands. Sheikh Mohammed is confident that the projects will help boost Dubai’s economy and infrastructure.

 

Nevertheless, Dubai will have to be cautious to steer clear of another boom and bust, with industry stakeholders having to make certain that the upturn in the construction sector is built on strong foundations rather than on conjecture, corroborated Liz Martins, an economist at HSBC Middle East.