An article in this months Metropolis Magazine describes the explosive rate of new property development in Dubai, one of the seven federal states of the United Arab Emirates.
According to the article, fifty years from now, Dubai will will be the new economic and cultural capital of the world, spanning its neighboring emirates of Abu Dhabi, Sharjah, and beyond in one urbanized mass, rich in the biggest source of renewable energy—sunlight—a pioneer in sustainability and new technology, and conveniently located within easy travel distance of a population of more than two billion in the Middle East, Europe, India, and Africa.
Source: Metropolis Magazine
As opposed to the United States which tightly regulates new development projects, Dubai has very little government oversight. The lack of government control is responsible for a plethera of individually master-planned residential, commercial, financial, and industrial districts.
Over the next ten years over $310 billion is expected to be put towards the total construction that is under way or planned. Most development projects are sold out within days of being announced. They cannot be built fast enough to keep up with demand from buyers in Iran, India, Eastern Europe, and the U.K., and are often paid for by the time they’ve been completed.
The greater part of the master-planning and architectural design work is being done by American and European firms. There are simply not enough architects in the country or the region to supply the demand for designers.
The local architectural influence coupled with the sheer magnitude of projects has created a feeding frenzy amongst 3D animation studios, including 3Dwalkthroughs.com. 3D Walkthroughs, 3D Renderings and 3D Floor Plans are in high demand as Dubai developers seek to attract interested buyers from around the world.
The race is on...Good Luck!
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