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Virtual Real Estate Boom - Business Recorder

Reporter: Staff Journalist
Tags: Virtual Real Estate Boom, Virtual World

Virtual real estate boom in Pakistan


October 31, 2007 – Karachi, Lahore, and Islamabad are latest cities in Pakistan to sell for real money as members race to accumulate cities at


The new virtual mayors purchased these cities at The Mayors earn real money from virtual property sales and Internet advertising within their virtual cities.


“It’s like Monopoly on steroids. Every property, city and state from the real world is for sale at,” says Rafaqat Mirza, CEO and co-founder of “This is social networking with commerce, where members finally get paid for their popularity.”


Weblo is a parallel universe that is the only virtual world based on the real world. Members own and manage websites that are virtual replicas of real cities, states, properties, domains and celebrities.