http://www.dubaipropertykeys.com/?mo...etails&id=25&n=
http://www.ibrahimo.com/2009/05/08/t...h-of-may-2009/
I know it is really not affecting ME. But I am concerned about the world wide passion (greed) for building land.
Dubai is an amazing enterprise. Built on sea level desert and reclaimed land.... Like many other new city areas around the world. Buildings and land making Millions richer. Making homes and workplaces for millions more people.
I am sure Seismic Hazards have been taken into account when building. BUT
What about tsunami type effects from the unstable earth's crust elsewhere in the Gulf and beyond.? What about global rising sea levels ?
Am I being Naive when I say I wouldn't touch this type of real estate with a barge pole even if I had Millions to spend?