Special offer

Dubai World buys half of MGM City Center, what will this do for the Vertical Las Vegas?

By
Real Estate Agent with Simply Vegas


Dubai World buys half of MGM City Center, what will this do for the Vertical Las Vegas?

If your not familiar with Dubai World, let me bring you up to speed. This is a corporation owned and operated for the Dubai government which recently tried to buy a major US port. This deal between Dubai World and MGM which consisted in purchasing half of MGM City Center development and a very large stake in the company's shares. This is a huge deal totaling 5 billion dollars. Dubai World is scheduled to open sales centers for City Center in Dubai before the end of the year. Dubai is the fastest growing city in the world, with the most growth and construction. This deal means a bunch to people who are involved in the Las Vegas High rise Condo market because it could quite possibly bring even more demand for Las Vegas Vertical property's and drive up the median price for a High rise Condo in Las Vegas.

Las Vegas is just as popular as Dubai is and property in both places are definitely world class destinations to visit and own. The demand for Las Vegas High rise Condos is one of the fastest growing in the world. With more and more investors taking the leap into the market, you can expect the future Millionaires and Billionaires will most likely own lavish property's here that will be one of a kind for sure. As the demand grows and increases so do the prices for these amazing property's. To learn more about these World Class destinations visit TheView99LV.com
Jason Romrell
Business Attorney and Success Advisor - Los Angeles, CA
Wow...Vegas is an amazing market to watch, that's for sure.  Keep sending the news!
Sep 07, 2007 04:52 PM
Makea Turner
Simply Vegas - Las Vegas, NV
thanks check out my post today you'll be truly amazed
Sep 10, 2007 10:17 AM