Dubai

Dubai (/dˈb/ doo-BY; Arabic: دبي Dubayy, Gulf pronunciation: [dʊˈbɑj]) is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969. Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil. The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce. Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirate's economy has made a return to growth, with a projected 2015 budget surplus.

Latest News for: Dubai freehold property

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Landmark Dh350m land deal set to reshape Dubai’s skyline

Gulf News 13 Dec 2024
He has been a key player in Dubai’s real estate scene since the advent of freehold properties. Kunal Singh Sandhu, Founder of Pride and Property, noted that this sale was a milestone for Dubai’s luxury real estate sector ... high-profile projects before founding Pride and Property....
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Dh350m property deal set to reshape Dubai business district’s skyline

Gulf News 13 Dec 2024
He has been a key player in Dubai’s real estate scene since the advent of freehold properties. Kunal Singh Sandhu, Founder of Pride and Property, noted that this sale was a milestone for Dubai’s luxury real estate sector ... high-profile projects before founding Pride and Property....
Edit

Dh359m land deal set to reshape Dubai business district’s skyline

Gulf News 13 Dec 2024
He has been a key player in Dubai’s real estate scene since the advent of freehold properties. Kunal Singh Sandhu, Founder of Pride and Property, noted that this sale was a milestone for Dubai’s luxury real estate sector ... high-profile projects before founding Pride and Property....
Edit

Dh350m land deal set to reshape Dubai business district’s skyline

Gulf News 13 Dec 2024
He has been a key player in Dubai’s real estate scene since the advent of freehold properties. Kunal Singh Sandhu, Founder of Pride and Property, noted that this sale was a milestone for Dubai’s luxury real estate sector ... high-profile projects before founding Pride and Property....
Edit

Landmark AED 350 Million deal set to reshape Dubai Business District’s skyline

Eye Of Riyadh 13 Dec 2024
Nitin Chauhan, who is a partner at Pride and Property LLC, highlighted the appeal of luxury living in Dubai’s prime locations ... He has been a key player in Dubai’s real estate scene since the advent of freehold properties ... Kunal Singh Sandhu, founder of Pride and Property LLC, noted that this sale was a milestone for Dubai’s luxury real estate sector....

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