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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Land-sale deal of over Dh300 million in Dubai’s Jumeirah Golf Estates reaffirms growing popularity of golf course communities

Gulf News 21 Nov 2023
He has had a presence in Dubai’s real estate scene since the inception of freehold properties and is an investor in multiple projects and properties. This land sale serves as a clear indicator that Dubai's luxury real estate sector is poised for sustained growth and an upward trend in property prices....
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Dubai property market zooms, realty deals record 37% growth in 3rd quarter

Gulf Today 21 Nov 2023
The Dubai real estate market achieved remarkable and unprecedented results in property transactions ... He has had a presence in Dubai’s real estate scene since the inception of freehold properties and is an investor in multiple projects and properties ... The best is yet to come for the luxury property market in Dubai.”....
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Jumeirah Golf Estates in spotlight after big land-sale deal

GDN Online 20 Nov 2023
He has had a major presence in Dubai’s real estate scene since the inception of freehold properties and is an investor in multiple projects and properties ... "This land sale serves as a clear indicator that Dubai's luxury real estate sector is poised for sustained growth and an upward trend in property prices....
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Land-sale deal of over AED 300 million in Dubai’s Jumeirah Golf Estates reaffirms growing popularity of golf course communities

Eye Of Riyadh 20 Nov 2023
He has had a presence in Dubai’s real estate scene since the inception of freehold properties and is an investor in multiple projects and properties.  ... This land sale serves as a clear indicator that Dubai's luxury real estate sector is poised for sustained growth and an upward trend in property prices....
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Dubai records massive land-sale deal of over Dh300 million

Khaleejtimes 19 Nov 2023
UAE-based real estate firms AveNew by RH, Pride and Property and Landsmith Real Estate have jointly concluded a land sale transaction worth over Dh300 million in Dubai’s sought-after Jumeirah Golf Estates ... Chauhan has been involved and invested in Dubai real estate since the inception of freehold properties....

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