Dubai Consumer Mirror

Sunday, September 24, 2006

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 :)


  • 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 Blogger nzm, at September 24, 2006 at 11:44 PM  

  • heheheh Nice way of putting it... rediculous buble in fact!!!

    By Anonymous Ramroom, 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 Blogger Zaydoun, at September 26, 2006 at 1:42 PM  

  • I hope the bubble burst prettt fast!

    By Anonymous Anonymous, at October 6, 2006 at 1:18 PM  

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