We're number two!

A new report from HC Securities Brokerage says lack of supply and accelerating growth rates will mean Dubai's real estate prices will rank second only to London's West End by the end of the 2008.

We're the second most expensive city in which to buy property in the world!!

WHOO!

I'd like to thank all of the developers, the real estate agents and the construction workers, this one's for you, guys!

Tourism is getting more expensive, too. Last year it jumped from seventh to third on an industry ranking of highest average room rates, beaten only by Moscow and New York.

Granted, we're not the most expensive in which to live ... not even in the top twenty.

The top five? Moscow, London, Seoul, Tokyo, Hong Kong.

But buying property? Number two, baby!

Time to go build us some more islands in The Gulf!!