Own A House - real estate market news

One of the most scale, amazing and paradoxical town-planning phenomena on the planet is the project of of Dubai’s site development. ”Persian Gulf is on the front line of impetuous modernization with the most active growth of urbanistic formations. The Gulf, which has started the development owing to the oil, passes a phase hyper-development, preparing for an inevitable exhaustion of oil stocks”, - writes in the research “Gulf” well-known Dutch architect Rem Kolhaas.

In Dubai it is staked on mass construction of outstanding buildings. New wonders of the world grow there in abundance: the only in the world seven-star hotel “Sail”, a huge mountain-skiing slope in a shopping center in the middle of the desert, the highest building of the world, fantastic artificial islands-palm trees, the house as the Arab, Rotating Building, the house from Porshe designers and so forth. Scales of construction amaze. Today over 30 thousand hoisting cranes are concentrated on a small site of a land (a coastal line of only 50 km). Moreover, every fourth high-rise crane of the world works here. Volumes of investments into the real estate are estimated in hundreds billions dollars annually.

An interesting detail - the planet’s largest building sites today are in not liberal countries. They are China with the communist party, in Dubai with sheikh Mohammed Al-Makhmut, who possesses all ground area and the control over the three largest developers of the country - Nakheel, Emaar and Dubai World.