Making Sand into Gold

dubai_property_landscapeThose of you who have visited Dubai in recent years may relate to what I am going to say: Dubai is in the middle of the desert, and its land, not that long ago, was really worth nothing. Now it is one of the most vibrant international cities in the world. All this happened in a relatively short time span.

Behind this impressive development, there was leadership, a vision that was converted into laws and policies, institutional reforms, and human resources development that made it possible. At the center of it all, was land and real estate policies. The Dubai Land Department is one of the best in the World. According to the World Bank Doing Business Report, Dubai ranks No. 10 in the world in registering properties, which far exceeds the ranking of many of the developed economies.

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