| At the present time, the centre of the | | | | Lakes into a massive residential new town, and |
| construction boom is undoubtedly Dubai. In the | | | | Majid Al Futtaim has a massive shopping mall and |
| hotel sector alone there are plans to build 150 | | | | indoor ski resort under construction on a nearby |
| more hotels over the next five to seven years, | | | | site.Around the Gulf region shopping malls are |
| expanding the number of hotel rooms from | | | | under construction all over the place. But for now |
| 20,000 in 1990 to 55,000.Other new projects | | | | the focus of building activity is Dubai , and all |
| underway in Dubai are the $2 billion Dubai | | | | these new offices, homes and hotels will need |
| International Financial Centre, a huge office | | | | furniture and interior design. |
| complex rumored to include a major skyscraper; | | | | In 2003, the value of building projects under |
| the $2.5 billion expansion of the Dubai International | | | | construction in the UAE were estimated at $28 |
| Airport; the $3 billion Palm Island project; $1.6 billion | | | | Billion. The projects include new high-rise |
| Dubai Marina leisure and residential development; | | | | commercial/residential districts, hotels, houses, |
| $1.6 billion Festival City mixed-use development; | | | | hospitals, schools, universities, public parks, large |
| further phases of the Dubai Internet City and | | | | shopping centers, beach resorts, man-made |
| Media City; and the new Convention Centre at | | | | residential islands, the massive expansion of the |
| the Dubai World Trade Centre.In addition, Emaar | | | | airports in Dubai and Abu Dhabi , and other |
| Properties is developing the Emirates Hills/Emirates | | | | commercial premises. |