The Significance Of Real Estate In Dubai For Dubai Economy
For the first time in history UAE has simultaneously in all productive activities record growth values
. In the UAE, the economy grew at an annual average of 6% in the decade 1993-2003 and since then it has climbed to 9%, a rate similar to that achieved by China. With a GDP per capita multiplied nearly six-Argentina: US $ 24,000 compared to US $ 4,700. But in this country where 80% of its land is desert, it supersedes everyone with the help of the income generated from oil and with an eye toward the coming decades dream run horizon.
Dubai is a city of 700,000, the second largest among the seven that make up the federation of the UAE: Abu Dhabi (The capital), Sharjah, Ajman, Urmm Al Quwain, Ras Al Khaimah and Fujeirah are the other six. It is the business hub of commercial life in this part of the Arabian Gulf, but not least it has the edge to be the center of the world.
Thanks to changes in the legal framework of Dubai real estate facilitating the properties of sale Dubai by foreigners making an attractive destination for purchasing a second home.
So far the purchase of property by foreign population was made for the sake of investment. Foreign workers spending some periods of time away from Dubai can benefit financially from his house just renting them. And considering the pace with a growing number of residents in Dubai, it is hard to think of the importance that is acquiring the property market rents.
The truth is that Real Estate in UAE is one of the most exciting opportunities that we can find within the global property market, since in most cases, those who buy flats and houses in places like Dubai get an excellent business results by other round.
One of the things that should not fail to note is that in the future properties for sale Dubai will be much more expensive. Therefore, many entrepreneurs throughout the world use these transactions as business investments having very little room for error.
Another good fact which should be analyzed is that emirates are having a very good period to allow those who do good business to ensure the future so to speak. Many foreign businessmen have realized the good investment that offers Dubai apartments rent to have been more significant to consider.
In May the release of 850 buildings that will tower between homes, offices, a logistics city, an industrial center, a commercial area, a scientific-technological university including a mega cancha courses and half-city, prepared to accommodate film productions, television and cultural.
UAE authorities build brick by brick this big commercial hub after massive investment in public works, hotels, entertainment and construction. Only in a real estate project are spending now US $ 3,000 million and just start building the world's largest airport with capacity for 190 million passengers per year.
This country's "relatively liberal economic environment" has evolved to "become one of the strongest economies and fastest growing in the world," according to the World Trade Organization (WTO), transport services, mainly - became "strategic priority."
by: DavidMartin
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