A Real Boom that May not Slow Down Soon

It is reported that a Development worth $3 Billion of property is under way in the Middle Eastern Region.
The present booming of property market will never slow down in near future. The current rate of growth sustainable due to reselling the houses and appartments in Dubai, and other parts of Middle East. Specially, Abu Dhabi is also well boomed with very high and sky rocketing the market price of new buildings/holdings. Most people from Europe or USA /India/ East europe/China/Russia are buying for investments as this trend will continue at least for the next 10 years. If there is no war or earth quake here, it is imperative that the boom will continue for a long period of time. Otherwise tycoon like Mr. Donald Trump will never put his hands in the development in Dubai palm beach properties. Boris Becker has his own tower for reselling or renting. Can anyone even imagine in EU or America to have such facility in their own country ?
Other Parts of Middle East as Well
Over Dhs750 billion will be spent in Abu Dhabi in the next few years to develop the free holdings. The demands are great. So we feel like Dubai, the property market in Kuwait, Saudi Arabia, Bahrain, Qatar, and Oman will be continued with billions of dollars of investments.
It is planned to launch new projects in UAE - in particular at Dubai, Abu Dhabi, or Ras Al Khaimah or Ajman. New ideas are grown to develop the islands. That is one of the eighth wonders of the world.
Difficulties:
It is observed that it's difficult to get good contractors, skilled labors, cements, rods, or other building materials for timely constructions. This is due to Chinese demands for all those items.

Good New Laws:
Dubai is coming up with new laws and regulations such as escrow account and strata law to regulate the Real Estate development. These laws will make life easier and safer in Dubai. That will boom the property market further. Investors from abroad will get confidence, that's very good sign as the Government is looking out for the best interests of the investors.

Getting experienced and talented people in Real Estate sector is becoming an ardous task. However, there is still a lot of talents available in the ME.
Most important is that the developers will finance the buyers/investors by extending funds.
This is my personal opinion. You may feel free to comment at any time by sending me an email to petrozil at eim.ae and I will review and publish it sure .