^^ Dubai ain't yet finished, plus it's in a tiny emirate . . .
Well if land was cheap, yes. The fact is, Dubai is going through an economic golden era right now, and everyone - I mean everyone - wants a piece of land. So what do smart, money-grabbing landowners do? Charge leg and limb for every square inch of land. How do developers answer to that? Buy a portion of land big enough to support a skyscraper, and build up from there. That's the only way. Developers would be screwed for money if they built out as opposed to up.Well thats kind of my point. Doesn't it make more sense to fill in and THEN build up when you run out of room? That says to me that there are other reasons then necessity.
Yeah, I read somewhere that 75% of office and living space is empty,...Well thats kind of my point. Doesn't it make more sense to fill in and THEN build up when you run out of room? That says to me that there are other reasons then necessity.