Dubai is one of the seven emirates that make up the federation of the United Arab Emirates, and is the nerve center of the UAE's commercial activity and the home to global corporate giants. With a GDP of US $69 billion and growing, and 15 million hotel guests projected by 2010, the progressive sprit of Dubai has caught the imagination of investors, residents and visitors alike. Known around the world as a destination that features world-class hospitality, landmarks of design and luxury, and a business infrastructure that attracts Fortune 500 companies, Dubai is a modern, future-facing cosmopolitan city on the rise.
It's a dynamic & cosmopolitan - a great place to live, invest & do business. A gateway to int'l trade, strategically located in one of the world's richest regions, with direct access to 1.7 billion consumers across 3 continents - A portal to $ 150 billion/yr. Regional import market. Its an open, regulated marketplace with no exchange controls, quotas, trade barriers backed by a progressive government. (Free Zones are the most successful regionally: Internet City, Media City, Jebel Ali Port & FZ, Airport FZ, Dubai Metals & Commodity Exchange, Dubai International Financial Centre, Knowledge Village, Healthcare City, Academic City, Sports City, AutoZone, Textile Market, Gold & Diamond Park.
- Dubai- an impeccable reputation as the trade, investment & tourist hub of the Middle East. (Trade, Finance, Land-Sea-Air Logistics, Leisure, Property, Entertainment, IT, Media, Education, Shopping hub of the Middle East
- Dubai- Served by 125 shipping lines & 96 Airlines. (Airport throughput: 14 million passengers in 2002. 60 million projected in 2010, Sea Port - ranked in top 10 ports in the world via annual TEU throughput - home to 100+ shipping lines)
- Dubai- A growing market with strong business opportunities;
GDP growing @ 8% per annum
Average population growth rate 5.6% per annum.
The Opportunity - Key factors driving Real Estate Demand in Dubai
- Liberalization of real estate sector - expats can now own property
- High tax-free yields on freehold property rental
- Globalization and its effect on property prices in metropolitan cities worldwide
- Favorable interest rate environment
- Mortgage & homeowner finance available
- Granting of 'Permanent' residency upon purchase of freehold property
- Great Value - Real estate land & apartment valuations are cheap compared to international prices
- Conducive Lifestyle: safe, tax haven, secondary & tertiary home for international buyers
- Dubai's Robust economic growth at 8% p.a.
- Dubai's Robust population growth - 5.6% p.a.
- Large mid-income population bracket with a high disposable income
- Dubai's the regional Counterpoint and tourism Centre.
UAE is an open, welcoming & tolerant state with investor friendly business policies