News- Dubai Real Estate

News
As much as 15billion Dirhams($4.09 billion) will be refinanced for the development of Dubai Land, Burj Dubai (Tallest man-made structures in the world) , a sourece from government disclosed here on 7th April 2008.
The emirate will spend about Dhs.52.5 billion($14.3 billion) over the next five years, building roads,bridges, metro network etc.
Dhs1 trillion Dubai projects:
55 of the 124 hospitality development will spend about 1 trillion dirhams in tourism and hospitality projects due to its booming attraction in the world.
Arabte Holding will construct Dh.3 billion worth of new housing of over 2300 new houses in Mohammed Bin Rashid Housing Est.-source: Dubai bourse.
Global Impact of rising food Price:
Due to impact of high and increased food prices, Dubai Economy ministry hase met WFP-UN officials how to overcome this issue. Two big Department stores have promised that they will maintain the 2007 prices of all essential food items etc. Lulu Hyper Market and Dubai Union Cooperatives pledged to curb the rising cost of food and essetial commodities by setting prices for 37 items. Will they be succeed in the global recession where USA is adopting the same policy to apply Food Stamp first time since 1930's mass recession.
Whta do you guess?