Quote:
Originally Posted by jun222
I thinkk you are wrong...I believe it to be a great area. There is so much going on here....There is a huge theme park that is being built, DUBAILAND, just like Disneyland. Cause of this there are going to be employees, service industry people renting apartments. Throughout the year it is so hard to find spaces in Hotels. You have to book way in advance. People are inquiring everyday for housing.
Another area, DUBAI SILICON OASIS, is being built. This is supppossed to be the technology hub for this area. All the major technological companies are opening their offices here. For this many residential buildings are being constructed. Shopping Malls, hospitals, a new Academic University, parks, supermarkets.
I just told you about 2 projects. There are so many more in development. i would advise you to think about it again and make a journey here yourself. Once you see in yourself you will then realise what its all about.
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I was passing on comments from people I know that have just been to Sharm in Egypt, not Dubai.
Egypt I think will have masses of supply of property and its a longer flight than I wanted. Morocco is 1/2 as far, has more diverse landscapes - deserts and ski resorts, and is very focused on the higher end market which marks out as fairly unique compared to Egypt, Turkey, Portugal, Bulgaria etc which do not have this unique focus on the higher end. In other words Morocco is doing something different and in investment - difference counts.
Thats not to sday there wont be budget Morrocan developments, its just the Government emphasis is very much on the higher end (see Emmars Morccan developments for example - really breathtaking high end stuff, to include up market ski resort - in Morocco!)