As seen on 60 Minutes Dubai Inc. reported by Steve Kroft.
The Biggest Story in the World — Dubai - home of the world’s largest construction site and one of the most amazing stories in our world today.
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Despite a global slowdown in the travel business, hotels in Dubai registered a five percent increase in the number of people in the first half of 2009 to host 3.85 million numbers in comparison with the same period the previous year, said the Department of Tourism and Commerce Marketing (DTCM) yesterday.
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Dubai Creek (Arabic: Khor Dubai) is a saltwater creek located in Dubai. This historic focal point of life in Dubai, The Creek, a natural sea-water inlet which cuts through the centre of the city dividing city into two main sections – Deira and Bur Dubai. The eastern and western sections are linked via four bridges (Al Maktoum Bridge, Al Garhoud Bridge, Business Bay Crossing and Floating Bridge) and one tunnel (Al Shindagha Tunnel).

It was along the Bur Dubai creek area that members of the Bani Yas tribe first settled in the 19th century, establishing the Al Maktoum dynasty in the city.
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According to London-based property adviser Mohammed Kashani-Akhavan, the current cancellation of development projects is likely to reduce supply, thus resulting in existing properties increasing in value in the future.

Dubai-based Meraas Development, which has unveiled a $95bn (£63.8bn) property project since being formed just two months ago, is the latest construction firm to announce that it is now reconsidering its plans in light of the economic slump.

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