1. The History
of Real Estate
in Dubai
Mazen Kattan
PSC-2160: Middle East Area Studies
Dr. Ali Ferdowsi

2. Agenda
Introduction
Dubai in 1990, 2003, and 2007
Sheikh Mohammed bin Rashid Al-Maktoum
Foreign Investment in Dubai Real Estate Sector
Economic Turndown
Conclusion

3. Introduction
Dubai’s Skyscrapers
Famous Real Estate Developers in Dubai
The Workforce

4. The Skyscrapers
City of Dubai

5. Developers
City of Dubai

6. Workforce
City of Dubai

7. Dubai
1990

8. Dubai
2003

9. Dubai
2007

10. The Sheikh

11. The Sheikh
Name: Mohammed
bin Rashid Al-
Maktoum
Age: 61
Occupation: Prime
Minister of the United
Arab Emirates

12. foreign investment
The largest source of
foreign direct investment
in Dubai is the United
Kingdom
Iran is almost one-quarter
of what UK invested in
2005
Saudi Arabia is the
second country with a
highest growth rate in
direct investment in Dubai

13. Iranians investors

14. Iranian Investors
The total Iranian visitors to Dubai has increased
from 192,230 in 2000 to 341,876 in 2006
In the last decade, more than 400,000 Iranians
have moved up to $200 billion of capital into
Dubai
Iranians are estimated to control as much as 30
percent of Dubai’s real estate development
Iranians are among the biggest purchasers of
Dubai property besides Indian, British, and
Pakistani nationals.

15. The turndown
Dubai’s real estate crisis in the first quarter of
2009
Dubai lost $59 billion in the crisis. Around $25
billion what British investors actually lost
One-third of Iranian investors and traders in
Dubai have returned to Iran due to the economic
crisis

16. conclusion
Foreign investment is important to Dubai’s
economy as it forms the most spending on real
estate, the back bone of the Dubai economy
22.6 percent is what real estate and construction
represents in Dubai’s economy

17. Photo Gallery

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24. Thank You!