Over the last forty years the United Arab
Emirates (UAE) have gathered momentum as an economic force and top
tourist retreat and have now stormed onto the global scene. A
unique amalgamation of mountains, beaches, deserts, oases and
thriving city centres, the seven state United Arab Emirates sit
along the Arabian Peninsular. Abu Dhabi, Ajman, Dubai, Fujairah,
Ras al-Khaimah, Sharjah and Umm al-Quwain comprise the UAE, each
bringing to it their own individual influence. As the biggest
state, Abu Dhabi is the capital of the federation whilst Dubai is
undoubtedly the most well known, commercialised and developed
state. It is also the country with the fastest growing population
in the world with new figures suggesting that up to 857 people move
to Dubai each day, therefore totalling 5,000 a week. A flurry of
media hype surrounding this particular emirate has propelled it to
astounding heights as far as investment is concerned painting a
very merry picture of high returns and yields. As a result
investors in their masses have paid their Dirhams and now own their
little slice of this super city. In fact, latest figures from the
Dubai Land Department show that British companies now account for
over 1,900,000 sqft of prime real estate land and as a country we
are now the number one overseas investors in land in Dubai.
Attracted by low rental taxes and low
transaction costs, the UAE is also a highly industrialised nation
and one of the most stable countries in the whole of the Middle
East. As such it offers prosperous investment opportunities.
Still in this Chapter
Is this is good place to Buy?
Which type of Property should you go for?
Hotspots
The Purchase Process
Mortgages
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