Dubai property

The incredible growth in Dubai property market in the last 5 years has resulted in an almighty battle for the development of infrastructure in full swing. Dubai property electricity and water demand is currently growing at an incredible 20% and 15% per year, according to DEWA.

Dubai's developers and investors are increasingly concerned that the $ 300bn boom in real estate may be forced to slow as the Emirate of state power and water supplies struggle to keep with the demand for Dubai property residential and tourism projects. Peter Riddick, CEO of Damask Property in Dubai, the United Arab Emirates, the largest private developer, said: "The Dubai property Electric and Water Authority is really struggling to cope with demand, and frankly I do not think that there are too early." "Power and water supply is one of the biggest challenges faced by Dubai property. In a number of areas, the government is playing catch up," he said and pointed out that there is currently no Dames projects were delayed until today, the concern that the recent projects that are due to come in the near future, and until next year.

As more and more white collar abroad choose Dubai property for its unique high-tech tax free lifestyle, the demand continues unabated, the emirate population is expected that by an astonishing 30% to 2 million people by 2010, in a country where the air air conditioning is mandatory rather than a nice commodity to have, we can only begin to understand the sheer growth of theDubai property power demands that the Dubai property. real estate market faces.

A report by the Arab Investment Corp., said that the United Arab Emirates will invest a further $ 61.2bn for the promotion of energy and water capacity of around 60% by 2011. Dewar plans to build a 9000MW power and desalination complex in the vicinity of the Abu Dhabi border, as P know they are also adding 5000MW at their new locations in the Al Habra power plant by 2017.

As more and more real estate and tourism projects through to completion in Dubai property and the population surges, power demand was predicted to double over the next 5 years, there is no doubt that the government of the water and electric authority have an incredible challenge in the hand keep.