About Dubai
Dubai is located in the North East of the United Arab Emirates, and is the second largest Emirate, with a total area of around 1000 square miles. For some years, it has been one of the fastest growing business centres in the world, with many international businesses and almost all the major international law firms moving into the Emirate to take advantage of the extremely modern infrastructure, lack of VAT or sales tax, and constant business growth.
However, despite this massive business growth, the beautiful climate, breathtaking architecture and world-class hospitality mean that tourism is now the fastest growing economic sector in Dubai, with around 10million visitors expected annually by 2010. Clearly, growth of both of these sectors has led to massive demand for property, and to climbing prices. Property values have, on average, more than doubled since 2002, and this growth is not diminishing.
Culturally, Dubai provides an exciting meeting of the Western and Arab worlds. Its growth can be partially attributed to Dubai’s Western-friendly stance, which has seen non-Islamic businesses being welcomed, and restrictions being significantly loosened on alcohol, entertainment and so forth. If you are looking for a property investment prospect, or just a holiday home in the East, Dubai can provide excellent opportunities, and living standards at least as high as those of Western Europe. |
