What about Mauritius?

The Burj Dubai Skycraper is opening up on Monday next, 4th January 2010. Roughly, this building is as tall as the World Trade Center Towers piled atop of the other. Its about 2600 ft high, 160 storeys. It will officially take its place as the tallest building in the world.

The Burj Dubai Skycraper has 37 floors of office space. The paradox lies in that there is no demand for office space in Dubai at the moment.

After having been under the spot light for the last few years for its real estate development, Dubai was hit about a month ago by a massive real estate collapse that has forced the most populous member of the U.A.E to seek repeated billions bail outs from neighbouring Abu Dhabi.

What about Mauritius?

If you drive around Mauritius, you'll be amazed by the large number of construction projects underway.

The big question is whether history is repeating itself. Are we not in the same scenario that has caused Dubai to collapse. Are we not over confident about our resilience to the laws of the economic universe?

Ebene, Jin fei, Bagatelle, Highlands, Mon piton, La balise, Trianon shopping mall are just a few of the commecial centers, RES, IRS developments taking place at the moment. How much can the market take?

Isn't a dangerous real estate bubble forming?

In what sense is Mauritius so different compared to other countries.

More in the years to come................

D.