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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Nakheel-owned 'Dubai Islands' launches its first villa sales - and buyer rush is on

Gulf News 21 Feb 2024
“With burgeoning demand for waterfront properties and for villas, Dubai master-developers have responded with gusto,” said Daria Mazolevskaya of Investment Experts ...Nakheel’s stance in opening up ‘traditional’ Dubai to freehold offers new investors an opportunity to own and live,” said Eima Najmuddin of GCP Properties....
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Marjan, Range Developments ink deal to launch luxury properties at Al Marjan Island

Gulf News 07 Feb 2024
Dubai. Marjan, the master developer of freehold properties in Ras Al Khaimah, has signed an agreement with Range Developments to launch three new exclusive properties on Al Marjan Island, the Northern Emirate’s premium tourism, business and investment destination....
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Chasing affordable homes, property buyers in Dubai are heading for new 'suburbs'

Gulf News 02 Feb 2024
It’s still early days into the year, but property sales in Dubai have got off to a good start after a slight dip over the last few days of December ... “Until now, Jumeirah Village Circle was the place to be for mid- to upper-mid properties in Dubai,” said a developer ... “Dubai has ......
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Property buyers in Dubai are heading for new 'suburbs' chasing affordable homes

Gulf News 02 Feb 2024
It’s still early days into the year, but property sales in Dubai have got off to a good start after a slight dip over the last few days of December ... “Until now, Jumeirah Village Circle was the place to be for mid- to upper-mid properties in Dubai,” said a developer ... “Dubai has ......
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Property buyers in Dubai are heading for new 'suburbs' chasing affordable dream homes

Gulf News 02 Feb 2024
It’s still early days into the year, but property sales in Dubai have got off to a good start after a slight dip over the last few days of December ... “Until now, Jumeirah Village Circle was the place to be for mid- to upper-mid properties in Dubai,” said a developer ... “Dubai has ......
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