Every city has its own "golden decade": 1890s for Paris, 1930s for New York, 1950s for LA, 1990s for Singapore... As for the 2000s, it’s definitely the era of Dubai.

What used to be a clutter of tiny villages spread on the banks of a lagoon less than 50 years ago, has now turned into one of the fastest-developing world cities. Dubai has it all: breathtaking skyscrapers, high-tech business parks, champion golf courses, numerous exhibition halls and centers, covered slopes for skiing, giant shopping malls and the best in the world beach resorts.

Here you can see amazing manmade objects that symbolize the triumph of human mind and purposefulness. Palm Jumeirah island can be seen from space, soon to be joined by another astonishing construction – The World, an archipelago shaped as the Earth map, where investors can buy any "country" of their choice. No less remarkable are Palm Deira, Palm Jebel Ali and Dubai Waterfront that are being constructed at the moment.

Tourism is being constantly developed as well, thanks to more and more new hotels and resorts and aggressive global marketing of the Dubai brand. IFA Hotels & Resorts (IFA HR), expert in both hotel industry and real estate, takes up a special niche and is ready to meet the growing consumer demand.

The one new project by IFA Hotels & Resorts that is definitely going to attract investors is the Kingdom of Sheba, a development that is being constructed at the trunk of Palm Jumeirah. The success of this project is ensured by IFA’s invaluable experience as a developer as well as by participation of Fairmont, a luxury hotel and residence chain with outposts all over the globe and impeccable reputation.

One of the special features of the Kingdom of Sheba will be the Balqis Residence with 300 homes, villas, townhouses, penthouses and apartments priced from $1,000,000 to $7,000,000. It goes without saying that residents will have access to all the numerous facilities of the Kingdom of Sheba, Fairmont hotels and other IFA outposts on the island.

In 2004 4-star and 5-star hotels witnessed a 90% and 85% rise of rates respectively. It signifies the lack of luxury hotel rooms in the market. That’s why investing in IFA Hotels & Resorts is not only safe, it also provides steady profit for years to come.

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