About Dubai, Real Estate Investment Information.

Dubai, one of the seven United Arab Emirates, is considered to be one of the desirable real estate opportunities in the world. Dubai is the fastest growing city in the world, one-third of the cranes in the world are currently being used to build in Dubai. Dubai has also been rated by Interpol as one of the safest countries to live, which many may find hard to believe from what they have heard about the Middle East. Fortunately, none of that applies in Dubai. This little country strategically located at the crossroads of Europe, Asia, Africa and the Middle East is fast becoming the premier vacation and tourism destination of the region. Over the past decade the number of visitors to Dubai has grown from 1.08 million to 5.4 million, representing a growth rate of 16% per year. This rate of 16% is 3 times the world tourism growth rate for the same time period. More astonishing is that the past 5 years alone have supplied a 54% growth rate. Over 3.4 million tourists visited Dubai in 2001 and this figure is expected to grow to an excess of 6.0 million by 2010, forecasting 200,000 visitors a day. It is also estimated that it will take 6-10 years for the supply of hotels to catch up with demand. This is surprising considering there is currently an estimated $80 billion in real estate projects underway.

Dubai is truly a place where East meets West. Where the sun shines every day of the year, with all the western modern facilities and infrastructure are fused together with eastern hospitality. From beautiful beaches and clear aqua blue seas to indoor ski domes, an underwater hotel and unparalleled skylines, there is never a shortage of things to do in Dubai. Dubai can boast of having or in the process of building:

The biggest airport in the world
The largest man made port in the world
The largest mall in the world
The only 7 star hotel in the world
The largest theme parks in the world (nearly 3 times the size of Disney World in Orlando)
The largest skyscraper in the world

In developing Dubai, the city’s leaders have proven time and again they have the ability to think outside the box. Many who want to own beachfront property, no worries, when the oceanfront property runs out, they just create new man made islands with design and architecture to boggle the mind. Where else can you go Sand Dune Driving, Sand Skiing and Camel Racing, then right to indoor Snow Skiing, Bobsledding and Ice skating? World class sporting events take place from Dubai Golf Open to Power Boat Racing to the world’s richest horse race, a new F1 racing circuit and now with the creation of Dubai sports city, Dubai will be home to international franchises such as Manchester United, Butch Harmon’s School of Golf and David Lloyd’s Tennis Academy. Not surprisingly, Dubai has been awarded the Asian Games for 2014 and is looking to host the Olympic Games in 2020, both of which will be held at Dubai Sports City.

Dubai is the shopping capitol of the East with malls packed with International tax-free brands. Gold Souks with streets full of jewelry makes Dubai known as the city of Gold. English and Arabic are the dominant languages in Dubai as the country is mostly populated by Expatriates and foreign investors. Many western celebrities own vacation or primary residence in Dubai including Donald Trump and David Beckham. Dubai is the most liberal of all Middle Eastern Countries. A modern, cosmopolitan city, Dubai today is home to an exciting blend of cultures where people of more than 185 nationalities co-exist in a vibrant, international environment that has become an icon for 21st century living. Whether male or female you can enjoy a relaxed and pleasant lifestyle in Dubai. There is virtually no crime, the city is clean, there are few traffic jams, apartments and villas are modern and spacious and surprisingly to many, the climate is not only tolerable, but also extremely pleasant for most of the year. Freedom of worship is allowed to all religions and Christian churches have existed in Dubai for many years. Foreign newspapers, magazines, films and videos are readily available.

His Highness General Sheikh Mohammed Bin Rashid Al Maktoum Crown Prince of Dubai's vision is to provide the best the world has to offer. In the pursuit of excellence the Government has always looked upon the private sector as full partners. With no personal corporate or sales taxes, foreign direct investment has expanded strongly and mega projects have become synonymous with Dubai's development. The pursuit of excellence has resulted in one of the best infrastructure facilities in the world. State of the art telecommunications, reliable power, modern schools and healthcare are all attracting an increasingly multi-cultural and highly trained workforce. Two years ago the ruling Sheik in Dubai began a massive push to promote tourism in an effort to make his country less dependent on the oil it produces. Since then world class properties, theme parks, and extravagant attractions are being developed and new legislation has passed that lets foreign investors buy property in Dubai. Dubai’s success story as a world leader in enterprise and innovation has earned the city international accolades and established Dubai as a leading commercial, trading and tourism hub. Dubai is a dynamic, business-friendly city with an outstanding track record of executing major projects. This has been due to the foresight and guidance of its leaders.

His Highness General Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, is committed to making Dubai the tourism, leisure and entertainment capital of the region with a target of welcoming some 15 million visitors to Dubai by 2010. The USD 15 billion expansion of the Emirates Airlines fleet and the USD 4 billion expansion of the Dubai International Airport area is a testament of this commitment to attain such a goal. Dubai continues to develop innovative new projects that are aligned with the leaders’ vision of making this city a destination of choice for tourists from around the globe.

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