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Dubai is the new Monaco
- United Arab Emirates: Monday, September 20 - 2004 at 08:08
Emaar Properties is presenting Dubai Marina at the Monaco Yacht Show this week as observers increasingly see Dubai as the new Monaco, that is a tax-free haven for wealthy residents in an ultra-modern environment. More than 1,000 families already live in the Dubai Marina and up to 40,000 residents will live in high-rise towers in the district within a few years.
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Peter J. CooperMonday, September 20 - 2004 at 08:08 UAE local time (GMT+4)
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