The Middle East has emerged as one of the fastest growing economies in the world. Sharp rise in development and acceptance of foreign investments has opened up a world of opportunity for the region, and leading the way are the United Arab Emirates, where Dubai is quickly becoming the world's business hub for all investors from around the globe. Currently there is over $100 billion worth of real estate under development and planning, which underlines the scope of Dubai's growing potential.
Other emerging regions include Abu Dhabi and Ajman who are following suit to build upon their current economies and increase property investment levels to boost the region's business status. Another emerging country in the region is Qatar, making Doha and Dubai the top two emerging cities in the region. This makes it hard to decide between Dubai and Doha as both cities have huge inward investment flows and equally immense projects in progress and planning stages.
The region creates a wealth of opportunity for investors and home buyers whether you are looking at investing or simply looking to breath some fresh air into your life by exploring new exotic locations for you and your family. Many of the properties on sale in the region have some exquisite views overlooking Dubai and its ever-changing beachfront. Developments in Qatar are also attracting investors and buyers from around the world as their projects are of the same magnitude to those of the UAE and have set high standards of quality and indulgence to boost investments and attract potential buyers. Projects include those of luxury villas, apartments, condos, commercial offices and all include the highest quality amenities and technology that is available to provide buyers with the best services offered. Many are offered with beachfront views and water access for those with yachts or boats.
I come from a Lebanese background, grew up in Kuwait, studied in England and Australia, and travelled across Europe on numerous occasions to visit family and friends. This allowed me to experience many cultures and identify the differences and similarities in between. Lebanon is in some way similar to that of the Italian Riviera, which is the coastal strip that is centred by Genoa and stretches from the border of France at Cote D'Azur to Capo Corvo, which is close to the border with Tuscany. The Mediterranean landscape in Europe always brings fond memories of those early mornings in Lebanon when you're high up in the mountain looking down at Beirut and the breathtaking view of the Mediterranean. When I first came to Liguria and stood there looking down from Balestrino, it was almost like standing from Brumana, a small town on mount Lebanon overlooking the coast, and getting that sense of fresh air and peaceful isolation from all the crowded city centres.
This caught my attention in terms of mentioning the region as another fascinating area with potential for purchasing property, whether for investment or for owning a secluded private villa in the hills overlooking the bay of the Ligurian Sea. Those looking for a more secluded property should consider the Italian Riviera because it allows for full privacy and isolation from crowds and noise of the areas closer to the beach and city centres. At the same time, you are only a few minutes away from the beach and everything the towns have to offer. The same situation is found in Lebanon, where you enjoy the relaxed and isolated atmosphere at your property in the mountains, at the same time be only a few minutes away from Downtown Beirut and the coast.
I feel the difference between the Middle East and the Italian Riviera is the boom in real estate in cities like Dubai, which attracted many businesses and potential home buyers and created a fast paced developing city with exciting new projects for the future. While the Italian Riviera will always be a retreat for those who await the summer holidays to move to their summer villas in the hills in order to relax and escape the noise and crowds of people that is usually part of our daily lives nowadays. The Riviera stems from rich historical roots back to Roman settlements, and are still embedded in today's culture in the region through the towns in the Riviera and will always be something that separates a place like Dubai from the Riviera.
Whatever price you pay for a property at the Riviera, you are likely to witness the peaceful and relaxing atmosphere which engulfs the region, which will give you a taste of why so many only wish to own a property at this coastal strip that has attracted so many high profile clients for years, and I believe it will continue to do so because there is no substitute for location.
This provides the platform for possible collaborations between European real estate agents and Middle East agents in order to open up both markets and allow potential clients to have the best of both worlds. Globalisation allows markets to benefit from each other and to allow customers to diversify their options and identify new grounds whether for holiday or start a brand new life.
If you would like more information about property for sale in the Middle East or Italian Riviera, please feel free to contact me. Property listings can be found on our website, and if there are any special requests for a property in a specific region, we can assist you to find what you are looking for. We would also like to welcome agents who are interested in a potential collaboration to contact us, as we are open to negotiate agreements with agents who would like to exchange property listings.
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