In pictures: UAE property business on a small scale
October 15, 2012
Art Heir, based in Sharjah, is on course to deliver 60 models this year and expects it will build about 80 next year. The company even plans to open a new office in Qatar to work on models connected with Fifa 2022 World Cup building schemes.
“For the last couple of years there just haven’t been any new projects launched so model makers must have had a tough time,” says Craig Plumb, the regional head of research for Jones Lang LaSalle.
The Tourism Development & Investment Company’s Saadiyat Island model will cost about Dh400,000 (US$108,900) and take about six weeks.
Model making is big business across the UAE, where property developers have been known to spend millions of dirhams on vast and magnificent scaled down versions of schemes. Photos by Jaime Puebla / The National
Dani Bterrani, the chief executive of 3dr Models said his company made seven scale models for Cityscape Dubai earlier this month. Lee Hoagland / The National
During the property boom of 2007, Dubai alone was home to about 60 model-making companies competing against each other as the emirate’s property developers.