Property moguls bet on another boom

10.02.2015
With new measures being introduced to curb speculation and the city's developers introducing new mega projects each day, private investors say the market is heading for another economic boom.

Dubai's upcoming mega-projects makes some of the city's most oldest real estate moguls believe there's another boom coming.

Speaking to the Wall Street Journal, the controversial Saif Qurashi says, “Dubai is still full of opportunity.” Among other projects, he has rekindled plans to build a Great Britain-themed resort on “The World”—an archipelago of some 300 islands already built at sea by government-owned developer Nakheel.

Companies owned or part-owned by the government have been repaying debts and have been executing new projects at a more measured pace, and the banking system has become much more resilient.

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