Limitless by name, bonkers by nature

photo credit: Felipe Skroski

To write this blog, I do spend a considerable amount of time surfing the web to keep up to date on all the latest property and real estate news. So I do come across the same developers and companies quite a bit. But lately it has come to my attention that the whole world is being developed on/around by one firm in particular.

No, don’t worry, it’s not Tesco. Although it is, in fact, taking over the world. 

Is there no limit to limitlessness?

Oh no, the developer in question is Dubai-based Limitless. Limitless by name, Limitless by nature. Not only is it building urban communities across the globe; Russia, Malaysia, India and Saudi Arabia to name a few, its latest venture is to solve Turkey’s looming housing shortage - a small predicted number of 5.5 million new homes - with a series of mixed-use developments (which I’m sure every soon-to-be homeless person in Turkey will be able to afford to live in. Not.).

Ambitious canal project

But the most ambitious development by far has to be the Arabian Canal. I’m serious, a canal, but not just any canal - an £11 billion, 75km, rivalling the Panama Canal, canal. This is, to quote their website,

‘the biggest and most complex civil engineering project ever undertaken in the Middle East.’

It is, frankly, a ridiculously epic project. Encircling downtown Dubai, it will be lined with marinas, residential and business developments and entertainment facilities. I have a canal outside my house and it definitely isn’t as exciting as that.

Glass bottom

If that’s not enough and you prefer something a bit more daring (are you mad?) it’s also developing Limitless Towers, soon to be Jordan’s tallest towers and boast the world’s highest suspended, glass-bottomed swimming pool at 125m. These people are crazy. Or genius. You decide.

And UK developers watch out, Limitless is bidding for UK real estate company, Minerva, so we could be seeing the same scale of project over here. Although I suspect it would take more than £11 billion to transform England’s waterways into something so glamorous.

Technorati Tags: real estate, real estate investing, property, property investment, surfing