Coming soon to a new (low-income) community near you...the dar al Islam.
Mohammad al-‘Abbar, Chairman of the Board of Directors of Emaar Real Estate, the largest real estate development firm in the Middle East, stressed that the company is mulling over opportunities in the US market, considering that prices have become attractive but lacking urgency. He advised patience, not for fear of investment in that tempting market, but because a more attractive price configuration might be at hand. What was worth $100, he intoned, could now be obtained for $10 and may be even for $5 down the road. He disclosed Emaar’s plan to focus on the middle and low-income segments in the US market, by building thousands of homes at low costs.
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