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Gulf Construction Crisis: From Boom to Bust? A Property Pro's Take

location
    DohaSaudi ArabiaUAEMorocco
Price
    Luxury (Millions)
condition
    Poor QualitySuperior FinishingSustainable
The Gulf states experienced a massive construction boom fueled by oil wealth, leading to rapid expansion. But years later, concerns remain about the quality of new builds. Luxury villas in Doha and Saudi Arabia, costing millions, are criticized for poor design and laughable finishing. A London-based property developer highlights the stark contrast with projects in other regions. This isn't just about aesthetics; it points to broader issues within the construction industry, which is currently facing rising material costs and labor shortages - a global trend impacting many sectors. In contrast, Morocco showcases a more thoughtful approach, blending traditional architecture with modern design and superior finishing. The difference underscores the importance of sustainable, well-planned development, and raises questions about whether the Gulf's construction practices need a major overhaul. The UAE, however, appears to be bucking this trend and is showing signs of improvement. This disparity in quality raises questions about long-term sustainability and the future of luxury real estate in the region. Experts are now debating the need for stricter building codes and greater emphasis on design expertise to prevent the current issues from escalating further. The discussion is timely given the current global economic uncertainty and the increasing focus on sustainable and responsible development practices.
Saudi Arabia
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