UAE Purchase of Land in Northern Virginia

SOURCE www.breitbart.com
The UAE purchased 18 acres of land in northern Virginia along the Potomac River for $55 million to build a compound with diplomatic residences and an exercise building. The properties were bought from a trust linked to the founder of UUNet Technologies.

Key Points

  • Purchase of 18 acres of land in northern Virginia for $55 million by UAE
  • Plan to build diplomatic residences for UAE government officials
  • Includes exercise building with various amenities

Pros

  • Provides UAE government officials with diplomatic residences in the U.S.
  • Creates potential for diplomatic relations and interactions between UAE and U.S.

Cons

  • High cost of $55 million for the 18-acre land purchase
  • Concerns about foreign ownership of land in the U.S.