Indoor skiing and the world's tallest building are just some of the amenities of the Dubai ruler, Sheikh Mohammed bin Rashid al-Maktoum's amazing city project of 300 islands, called "The World." (I believe 60 Minutes had a piece on this development late last year.)
This vice president of the United Arab Emirates has created a real estate boom in the Middle East, with out-of-this-world amenities and property appreciation: real estate purchased for $700,000 in 2002 is now valued at nearly $4 million and basic condos, selling for under $100,000 a few years ago, have tripled in value...
For more: Dubai Dreams
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