| |
 |
 |
|
|
Select a category below to view the opportunities and services we currently feature for Dubai
 General
country information
Dubai is the second largest of the seven Arab emirates
that comprise the United Arab Emirates – the others
are Abu Dhabi, the capital city, Sharjah, Ajman, Umm Al Quwain,
Ras Al Khaimah and Fujairah.
Facing the Persian Gulf, the city of Dubai
straddles the Dubai Creek, a natural inlet
which divides the city into the Deira and
Bur Dubai districts.
Oil
was discovered in Dubai some 40 years ago. But
it has not relied on this alone
and has reinvested into creating a modern
infrastructure and amenities and developing
as a strong trading centre and tourist resort.
The
UAE as a whole has an open economy with high
income per head and a sizable
annual trade surplus. It has a sub-tropical,
arid climate with average temperatures
ranging from about 24 degrees in January
to 41 degrees in July.
An explosion of exotic property developments
in Dubai was signalled by a 2002 Royal decree
permitting foreigners to own property. Previously
only UAE nationals were allowed the privilege.
However, the problem remained that there
was no federal law recognising freehold tenure.
 Property
laws are being developed but currently there remains a fuzziness
about the value of Dubai freeholds (which come with a residency
permit) whose value relies partly on the international trading
credentials and good name of the country rather than enforceable
law.
Even so the Dubai building boom has attracted
investors from across the world, partly due
to its tax incentives but also because of
its climate and luxury lifestyle.
Since
2002 property prices have been increasing
by rates as high as
25 per cent per annum.
However, prices remain low by UK standards.
Meanwhile rents are predicted to continue
to rise at the same rate as property prices – although
landlords should note that there are no eviction
laws in Dubai.
Country information - Dubai |
Area: |
80,000 sq km |
Population: |
2.5m |
| Principal
cities: |
Dubai
(Abu Dhabi,UAE)
|
Median
age of population: |
total: 27.7 years
male: 35.7 years
female: 22.4 years
(2004 est.) |
| Language: |
Arabic (official),
Persian, English, Hindi, Urdu |
Employment
rate: |
97.6% |
Flying
time
from UK: |
6.4hrs |
Currency: |
Emirati dirham
(AED) |
Time
difference
from UK: |
Abi
Dhabi - UTC/GMT +4 hours |
Rate
of inflation: |
3.2% (2003 est.) |
International
dialling code: |
+971 |
GDP
per person: |
$23,200 |
| Climate: |
Desert; cooler
in eastern mountains |
House
price inflation: |
11% |
|
|
|
|
|
|
