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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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According to a technical expert, Sonjib Banerjee, technical director of Duval Messien, a French multinational specialized in Global Protection services, With more and more tall structures coming up in Dubai, the chances of a lightning strike is increasing.

Mr.Sonjib Banerjee said it is a myth that Dubai and the Gulf area are not vulnerable to lightning strikes. He referred to a lightning strike near Burj Dubai on November 26 and said it confirms the need for adequate lightning protection measures for all tall structures.
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