With more than three-quarters of the world's oil reserves are located in OPEC countries. The bulk of OPEC oil reserves is located in the Middle East, with Saudi Arabia, Iran and Iraq contributing 55 percent to the OPEC total. According to current estimates, OPEC proven reserves currently stand well above 900 billion barrels.

OPEC countries have made significant contributions to their reserves in recent years by adopting best practices in the industry. As a result of these additions, OPEC added 111 billion barrels of reserves, substantially more than the reserve additions made by other crude oil producers.

According to the information available on the website of the Organization of the Petroleum Exporting Countries, the global reserve/resource base can easily meet forecast demand growth for decades to come. Estimates of ultimately recoverable reserves (URR) have increased over time, with advancing technology, enhanced recovery and new reservoir development. According to an established industry source, reserve growth from improved recovery alone in existing fields amounted to 175 billion barrels in 1995-2003; combined with new discoveries of 138 billion barrels, total reserve growth was therefore well above the cumulative production of 236 billion barrels for that period.

Traditionally most of this money were invested back in west. However, recently with the downturn in Europe and North American economic fortunes, they are looking more and more towards east for putting down their bets.

This movement of investments funds means big construction projects in Middle East are likely to be delivered on time and therefore that will create infrastructure for any smaller residential developer to be in a win win situation.

With the oil prices stabilizing around 110-120 USD levels, it brings further stability to the region so investors from any part of the world should feel safe for  a solid return on their investments.