Sh Zayed Road Beats 5th Avenue
What's interesting about this blurry shot I took of the New York branch of Mashreqbank is that according to the Bank's CEO, its costing him Dhs 115/sqf to have that place in New York. We are talking about a location on 5th Avenue in Down Town Manhattan; It doesn't get any snazzier than that.
Funny thing is, the same branch on Sh. Zayed Road in Dubai is costing Mr. Al Ghurair Dhs 275/sqf.
Dubai is not going thru a real estate bubble .. Yeah right :)
posted by moryarti at
9/24/2006 09:56:00 PM
5 Comments:
I've seen Mashreq Bank on 5th Ave too, and there are also Habib Banks which are linked to the Swiss and Pakistani Habib Banking chain.
BTW - did you take any pics of the halal shawarma stands? :-)
By
nzm, at September 24, 2006 at 11:44 PM
heheheh Nice way of putting it... rediculous buble in fact!!!
By
Anonymous, at September 26, 2006 at 12:25 PM
But Sheikh Zayed Road is so much "prettier" than 5th Avenue, therefore its worth every dirham!
By
Zaydoun, at September 26, 2006 at 1:42 PM
I hope the bubble burst prettt fast!
By
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By
Anonymous, at November 13, 2006 at 3:55 PM
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