subject: Apartments & Serviced Offices A Cheap Source Of Accommodation & Business In The City Of Dubai [print this page] Dubai is one of the seven emirates of the United Arab Emirates. Located in the Middle East, it shares borders with the Gulf of Oman and the Persian Gulf and is geographically situated between Oman and Saudi Arabia. Overall, the UAE is governed by a council which is made up of seven emirs. These emirs appoint the prime minister and the cabinet of each emirate of UAE. Although like the rest of the emirates of UAE, it is governed by the council but it has complete autonomy to take decisions regarding the development and construction of the city. From the era of 1960s, the countrys economy was based on the revenue earned by exporting oil and other petroleum products. However in the modern times, the tourism industry of Dubai has experienced a boost making Dubai one of the favorite tourist spots as well as the city with largest immigrant population.
This increasing population has given rise to the need of building new accommodation facilities so as to accommodate the people living in Dubai. Also a great number of tourists have been visiting Dubai and these numbers are still growing so new Dubai homes, Dubai apartments, Dubai Villas and Dubai Hotels are needed to provide a place of resting and accommodation to these tourists. This has given a great business opportunity for investors and new construction firms to enter the market of Dubai. Many new beautiful and spectacular buildings, homes and towers are being made by these firms. New malls and other structures are also being built by some of these firms which hold the title of being the tallest or biggest structures in their types. All of this is again boosting the tourism industry.
A huge amount of investment is being made in the construction and leasing of apartments as an apartment can accommodate quite a large number of people in a small area. Also they are a cheaper source of accommodation as compared to villas and homes therefore a lot of people actually live in these apartments. Also its a fact that most of the tourists and workers that are immigrants in Dubai are bachelors or are travelling without family. This has led to the construction of many 1 and 2 bedroom Dubai marina Apartments as well as serviced offices in Dubai to suit according to their needs.
A lot of other investors are also heading towards the real estate market of Dubai, which are investing in the properties in Dubai for the purposes of then renting them out on short term and/or long term basis to tourists and local people. Particularly these investors are investing in the apartment properties and are renting out these Dubai serviced apartments to foreigners and local people. Service apartments in Dubai is quite reasonable and due to this, a lot of people who cant afford to rent villas or live in hotels opt to rent out an apartment.
Some of the apartments in Dubai include Aegean Apartments in jumeirah, Fairmont South Apartments, Bahar Jumeirah Beach Residency, JBR Murjan Studio Apartments and Marina Heights Tower Apartments. Furthermore, due to the development of Palm Island, a lot of new Palm apartments Dubai are being constructed.
