Dubai Real Estate and Property

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Dubai Real Estate and Property
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Property Boom in Dubai

• Construction on a large scale has turned Dubai
  into one of the fastest-growing cities in the
  world.
• The government's decision to diversify from a
  trade-based but oil-reliant economy to one that
  is service- and tourism-oriented resulted in the
  property boom from 20042008

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Property Boom in Dubai

• The property boom is largely driven
  by megaprojects such as the off-shore Palm
  Islands and The World, and the inland Dubai
  Marina, Burj Khalifa complex, Dubai
  Waterfront,Business Bay, Dubailand and Jumeirah
  Village.

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Dubai Skyscrapers

• Dubai is home to skyscrapers such as Emirates
  Towers and the Burj-al-Arab hotel, located on its
  own island in the Persian Gulf and currently the
  world's tallest and most expensive hotel.
• The world's tallest structure, the Burj Khalifa
  is at a height of the 828 m (2,717 ft) tall, with
  160 floors. Adjacent to Burj Khalifa is the Dubai
  Mall, which at the time of construction was the
  world's largest shopping mall.

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New Projects

• Also under construction is what is planned to
  become Dubai's new central business district,
  named Business Bay. The project, when completed,
  will feature 500 skyscrapers built around an
  artificial extension of the existing Dubai Creek.

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Dubai Real Estate

• Dubai has also launched Dubiotech. This is a
  new business park to be targeted
  at biotechnology companies working
  in pharmaceuticals, medical fields, genetic
  research and biodefense.
• The International Media Production Zone is a
  project targeted at creating a hub for printers,
  publishers, media production companies, and
  related industry segments.

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Expatriates

• The first villa freehold properties that were
  occupied by non-UAE nationals were The Meadows,
  The Springs, and The Lakes.
• Expatriates of various nationalities brought
  capital into Dubai in the early 2000s. Iranian
  expatriates were estimated to have invested up to
  200 billion in Dubai. From 2005 to 2009, trade
  between Dubai and Iran tripled to 12 billion.

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Dubai Real Estate

• Visit http//goo.gl/WJm1uG to know more about
  the real estate sector in Dubai