One should look at Dubai’s fast growing skyline to have a measure of its economic growth. The number of new construction plans being announced on a regular basis, by the city’s developers, is amazing. Several Dubai hotels and retail chains could be enlisted in these developments. Those dealing in Dubai apartments are also found playing active roles. Despite the supply of residential properties looking healthier than ever before, only 175,000 new apartments might be built by the year 2010, as against the demand for roughly 181,000 units. Roughly about 75% of all new developments in Dubai are expected to fall under the property segment, totaling around $230 billion over the next decade.

Dubai has started organizing an International Property Show in the recent times to help grow its own real estate smoothly. The latest edition of this show was held from April 3rd to 4th this year. Exhibitors from several European countries like Germany, France, UK and Spain made their presence felt. Several other players from India, China, Malaysia, Bahrain and Turkey also took part in the same event alongside. The three day long annual show is regarded by many as the most sought after in the Middle East. A 35% increase in the level of participation was recorded this year. The next year’s property event is slated to be held in February 2008.