Real estate business in Dubai has grown over past few decades and is now providing exclusive services to its clients. Highly reputed agencies do not limit their services to sale, purchase or hire property in Dubai, but are also extending services like property management, property development, etc.
Real Estate Development of Dubai and its Implications and Impacts
The decision of diversification by the government of Dubai can be considered a great decision since the rapid growth of real estate projects of Dubai has become the threshold of the popularity of Dubai as a place for tourism and sightseeing as well it has helped Dubai in earning various titles regarding the construction of buildings and structures.
Effects on Economy of Dubai due to the Creation of Business Bay
Dubai’s economy has been increasing since the previous few years. The construction of master plans such as Business Bay, Jumeirah Lake Towers, Burj Dubai, malls like Jumeirah mall, Dubai Land and the Mall of Arabia have given a view of the future success and development of Dubai.
The Developments in Dubai and the Dubai Marina
The tourism industry has started to develop in the city of Dubai over the past few years due to the steps undertaken by the government to avoid the complete dependency of the economy of Dubai on the oil production business. For this purpose, many different projects have been undertaken which include Dubai Marina, which is a man-made marina and a mini lake city that will consist of residential structures.