Dubai’s skyline on show in aerial tour of glitzy emirate

Despite Gulf emirate’s building bust in late-2008, iconic architecture still lights up skyline
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Dubai was the Gulf's most active construction market during the five-year oil boom. (Credit: all images courtesy of Bloomberg News)
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Property prices in Dubai soared after the city opened its real estate sector to foreign investors in 2002. (Credit: all images courtesy of Bloomberg News)
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From start-2007 to mid-2008, prices rallied almost 80 percent, according to Morgan Stanley. (Credit: all images courtesy of Bloomberg News)
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Property prices in Dubai had the biggest reversal in the Gulf because of the financial crisis. (Credit: all images courtesy of Bloomberg News)
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Prices declined 60 percent in the wake of the global economic downturn. (Credit: all images courtesy of Bloomberg News)
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Property rents in the UAE will hit bottom in 2012 with lease levels showing signs of an uptick in 2013, Jones Lang LaSalle said last week. (Credit: all images courtesy of Bloomberg News)
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Dubai rents will “peak” in terms of its sliding rents over the next 12 months, said JLS. (Credit: all images courtesy of Bloomberg News)
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Oil-rich Abu Dhabi will also see property rents steady but is unlikely to see the same price climb as Dubai, said JLS. (Credit: all images courtesy of Bloomberg News)