But the most important role that was played in the development
of the city as a successful property market of the world was of the city’s
administration. Under all sorts of circumstances the Dubai Government kept
working in the right direction and as a result, they were able to retain the
status of being one of the best reputed business cities. At the same time, they
injected money into the state’s development projects at a time when the city
was totally out of the world view. They developed a city out of a desert and it
stands today as a real estate giant in the comity of nations.
Nobody might have been able to think fifty years ago,
looking at the city, that one day it will be home to some of the most
extravagant property projects in the world. But today, Dubai has the Burj Khalifa in it standing
tallest in all the world and The Palm Jumeirah Islands that is a unique
property project in the world today. Princess
Tower is the third
tallest property project in the world and it too is present in this very city.
One of the most distinguished real estate projects is Dubai Marina is also
established in this city of wonders. This certainly is one of the best property
markets in the world and ranked by Alexa at 12th among the 27 top
real estate markets surveyed all over the world.
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