Dubai economy growing through Real Estate

Dubai economy growing through Real Estate

Dubai is the first country in the United Arab Emirates that ventured away from oil as its main source of income. Today oil contributes only 6% of the nation's GDP. Dubai has steadily and determinedly worked on transforming itself from an oil rich country into an important trade center and business port. It has done several things to attract western investors, both individuals and corporations, to set up shop there. Dubai is also the biggest banking and financial market in that area.
Besides business, Dubai has also worked hard to attract tourists and continues to develop on the theme to provide increasing number of options in terms of accommodations and also activities. There are some truly stunning resorts that have been and are being built in Dubai to attract tourists and business visitors. There are specific zones free zones in the city that have been set up to attract specific industries. Many international conglomerates like IBM, Oracle, CNN, Reuters, and Microsoft have substantial presence in Dubai.
The Real Estate market in Dubai is flourishing due to the efforts of the government to diversify in the tourist and service industry. Huge projects like the Palm Jumerirah and The World are being created on manmade islands and have caught the world's attention even though some of them are still under construction. Inside the city you will find the world's tallest skyscrapers and also Burj Aj-Arab, the world's tallest hotel. The Burj Dubai is currently under construction and once it is finished it will be the tallest building in the whole world. Another project underway covers a new business district and will comprise of 500 skyscrapers.
Dubai's economy reported a 16% growth in 2005. According to the Dubai Department of Economic Development (DED) its estimated worth was around $37 billion back then. It is expected that Dubai's economic growth will surpass that of China, which is considered to be among the fastest growing economies today. China's current growth rate is 8.5% According to the DED Director General Mohammed Ali Alabbar, Dubai's economy is quite sustainable in the long run. He stated that the business friendly government policies will help to keep the economy growing at a steady pace.
Considering that Dubai's economy was only $17 billion in 2000 the accumulated yearly growth of Dubai's economy is the highest in the world for the last decade. Mr. Alabbar also pointed out that this growth was a direct result of the government decision to diversify the economy and move it away from reliance on the oil industry.
In 2005 the non-oil industries in Dubai contributed to nearly 94% of Dubai's GDP. This is the clearest evidence that the government did the right thing by moving away from oil and focusing on other industries like business, tourism, hospitality, and others. For the past few years the economy of Dubai has shown some truly remarkable growth patterns and the continuing focus of the government on making newer policies in the same vein is going to ensure that the growth does not slow down any time soon.

Dubai Real Estate Company

Dubai Real Estate Company

by Hardev Zala

If you have a graph with fixed supply NRI investments UAE and fixed demand NRI investments UAE then it is very easy to predict things like house price rises and Property for Sale Dubai inflation. But in real life nothing stays static for very long and long, and in a dynamic economy like Real Estate Dubai change is the only constant.

Demand for Property in Dubai is determined by many factors: local consumer confidence, the Property in Dubai Real Estate cost of rental alternatives, population growth, salary increases, foreign buyer confidence, the global, Dubai Real Estate market, and even the value of the US dollar.

You certainly need to be careful about making market Dubai Property for Sale based on out-of-date information. It is also tough for foreigners who have only just got off a plane to make sound judgments about the real estate Dubai Property Listings sector in Dubai as opinions will be clouded by their 'experience' of other markets.

The temperature is continuing to rise in the Dubai Real Estate, Consultant Dubai Investment Property Company, with hot new developments selling out in hours. But as speculators buy and sell Investment in Dubai Real Estate frantically, set out to turn Dubai into the financial, commercial and tourism capital of the Middle East and in the space of three years he has more than succeeded. The result has been the rise of Dubai as the world's most glamorous property Investment in Dubai Real Estate market. Dubai has proudly announced the world's first seven star hotel, Ajman Property Al Arab and Investment in Dubai Real Estate is set to construct the world's biggest shopping mall, the first underwater hotel and amazingly, the longest indoors ski slope. The projects being released are some of the most inventive and ambitious the world has seen, with man made islands such as with real estate as out of the ordinary as this, it's difficult to see Real Estate in Dubai market is attracting such large-scale international interest Infrastructure Development Ajman. There really is nothing like it and it seems everybody who's anybody will have a piece of Dubai. Dubai's more exclusive developments are being snapped up the celebrity classes and the world's elite.

The Bselpearltower of Infrastructure Development Ajman Realty Limited. Infrastructure development, luxury apartments, Dubai property, Dubai real estate. If you want more Information we visit http://www.bselpearltower.co.in/

Consultant Dubai Investment Property, Ajman Property, Ajman Real Estate Company, budget apartments Dubai, Dubai Luxury Apartments, Dubai Property for Sale, Dubai Real Estate Company, Freehold Property in Ajman, Investment in Dubai Real Estate, NRI investments Dubai, Property for Sale Dubai, Property in Dubai, Real Estate in Dubai, Residence visa uae, UAE Real Estate, Offshore Software Development, SEO