UAE Property Investment For Sale
"Seen by many as one of the most stable countries in the Middle East."
Created in 1971 when the British gave up protected control of the area, the United Arab Emirates is made up of seven city-states – Dubai, Abu Dhabi, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah and Fujairah. With an 800 km coastline which stretches from the Persian Gulf to the Gulf of Oman four-fifths of the UAE land is dry desert.
When oil was discovered in Abu Dhabi in the 1960’s the previously poor Emirates, who’s nomadic populations survived largely on fishing, trade and pearl diving, were thrown into the economic world at great speed. However each Emirate displays its own personality and offers different investment opportunities:
Dubai – The most developed and popular tourist destination, Dubai continues to surpass its own record in spectacular and unique building development including the Burj Khalifa – the tallest building in the world standing at an incredible 2,723 feet high. Dubai has also some of the best 5 star hotels and tax free shopping malls in the world as well as beautiful man-made beaches – the most popular being Jumeirah Beach.
Abu Dhabi – The emirate capital is a modern and exciting city which combines the culture and traditions of the Arabian people with diverse up-to-date real estate. Not as developed as Dubai, Abu Dhabi offers much of the same 5 star hotels and restaurants as its neighbour.
Ras Al Khaimah (RAK) – Protections against over development has made this most northerly of the states a premier beach holiday destination and RAK has also heavily invested in industry meaning it now has over half the UAE’s total production capacity.
Fujairah – has a high concentration of archaeological sites, some dating back to the Iron Age and boasts many beautiful waterfalls and beaches and rich natural beauty, but sees far fewer visitors than most of the emirates.
Ajman – The smallest emirate, Ajman is again dramatically less developed, although it does offer the same legal rights for foreigners to own freehold property as Dubai.