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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Impact of Dubai’s Real Estate Regulations on International Investment: What You Need to Know

The Arabian Post 25 Apr 2025
One of the most significant changes came in 2002 when Dubai introduced freehold property ownership for foreign nationals in select areas ... From its attractive tax-free policies to the availability of freehold property ownership and long-term residency options, Dubai remains one of the most investor-friendly cities in the world....
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Dubai's Azizi buys land in City of Arabia - launches Dh60b mid-priced 'Milan' community

Gulf News 23 Apr 2025
Dubai. Azizi Developments has launched a Dh60 billion residential development in Dubai within the area known as ‘City of Arabia’ and near Sheikh Mohammed Bin Zayed Road ... Now, City of Arabia was one of the first batch of large-scale mixed-use projects launched during the first Dubai freehold property boom of the mid-2000s....
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Moving to Dubai? Find out what property you can buy with AUD 2million

B & FT Online 09 Apr 2025
Regarding property, nevertheless, Dubai’s market might appear confusing ... This article is based on Bayut’s 2023 Dubai Sales Market Report, which provides insights into property sales trends throughout the year ... Two basic choices for property ownership available from Dubai are freehold and leasehold....

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