A best investment option

[Yolanjo]

Of course developing the necessary housing infrastructure for one and all is a tough challenge for even the national governments in the advanced world. There are people without access to proper housing amenities even in the so called highly developed countries. However, the national governments of almost all countries in the gulf and especially in the UAE did have the economic clout, the political will and the support of the society to create adequate housing infrastructure for one and all.

While the concept of slums were considered as a problem endemic to the third world, it has now started showing up in some of the advanced countries as well. There are a large number of homeless people who have no chance of calling a place of residence as their own and who are virtually forced to spend their days and nights either at a city shelter or a remote street corner.

With the advent of the global recession due to the financial meltdown in the US, the number of homeless has increased manifold. This has baffled many economists and city developers. As to how the problem of homelessness and the concept of slums seen in the third world could emerge in the first world is more than a wonder.

The lack of proper city planning initiatives is being blamed as one of the reasons for such a situation. However, such issues could be properly controlled in countries like the UAE due to better socio-economic planning models and lower levels of corruption. The development of real estate has been made a profitable proposition in that emirate. Homes for sale have many takers in a booming real estate market that is witnessing continuous developments.