One of the countries that were affected due to recent recession is Dubai.
Dubai government allowed to spent a lot of money to built resorts in sea. To build almost most of the civil engineers across world was appointed.
Opening of the resort was one of the biggest functions that turns other people in other countries towards this opening and spent lot of money on this to attract foreigners.
Top VIP’s across world were invested in real estate in Dubai that includes Hollywood artiest, businessman, international real estate owners and cine artiest across world.
Dubai identified some 10 years back that the oil would become dry in next 20 years so they planned to divert tourists towards their resorts so they invested lots of money in real estate.
As recession was hits almost all developed countries. The visits of tourist become lower and other skipped to do investment in resorts in Dubai.
Dubai expected that the resorts would sell out while under construction but the investment in real estate getting lesser due to recession.
Due to this, real estate companies are sending out their staff and most of the affected builders were from India, Colombo, Philippines and Thailand.
Dubai government allowed to spent a lot of money to built resorts in sea. To build almost most of the civil engineers across world was appointed.
Opening of the resort was one of the biggest functions that turns other people in other countries towards this opening and spent lot of money on this to attract foreigners.
Top VIP’s across world were invested in real estate in Dubai that includes Hollywood artiest, businessman, international real estate owners and cine artiest across world.
Dubai identified some 10 years back that the oil would become dry in next 20 years so they planned to divert tourists towards their resorts so they invested lots of money in real estate.
As recession was hits almost all developed countries. The visits of tourist become lower and other skipped to do investment in resorts in Dubai.
Dubai expected that the resorts would sell out while under construction but the investment in real estate getting lesser due to recession.
Due to this, real estate companies are sending out their staff and most of the affected builders were from India, Colombo, Philippines and Thailand.
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