Dubai - 'the Fastest Growing City in the World'

Dubai’s success story as a world leader in enterprise and innovation has earned the city international accolades and established it as a leading commercial, trading and tourism hub. Landmark projects have confirmed Dubai as a dynamic, business friendly Emirate with an outstanding track record of executing major projects.

Dubai continues to look forward, by constantly developing new innovative projects that are aligned with its leaders’ vision of making the country a destination of choice for businessmen and tourists from around the world - for more read Residential Properties Dubai.

A significant player in the global economy, Dubai has been a pioneer in the growth of the United Arab Emirates. Its strategic location at the crossroads of trade and commerce between the East and West, progressive governance, liberal policies, business friendly regulations and a highly favourable customs framework has played a key role in attracting investment from all over the world in practically every sphere of economic activity.

All in all, Dubai provides a vibrant cosmopolitan environment that fosters growth and has become an icon for 21st century living.

Pro Business Attitude


  • Dubai believes that “if it’s good for business, it’s good for Dubai”


  • Sophisticated fast track business set up (in 20 minutes in free zones)


  • 139 of the G500 MNC’s in Dubai, 9 out of the top 10 presently in Dubai


  • Robust economic clusters including technology and internet hubs, media hub, finance hub and healthcare hub


  • World class free zones

Tax Environment

No Corporate Tax - No Income Tax -  No Capital Gains Tax

Business Environment

 

  • 100% Ownership in Free Zones

  • No foreign exchange controls, trade barriers or quotas

  • No restriction on capital repatriation

  • State of the art telecommunications

  • Competitive energy costs

  • Access to low cost regional talent

 

Property / Yields

 

Property prices estimated to be circa 50% below market value compared to Hong Kong, Singapore, Kuala Lumpur, in comparison thats just 25% - 30% of Dublin values. Residential capital appreciation – up to 15% pa - is equal only to Residential rental yields – up to 15% pa, while commercial yields is up to 20% pa. Dubai aslo feature Freehold Property and rent paid is paid in advance.

Landmarks / Achievements


  • The worlds first “7 star” hotel - Burg Al Arab

  • Tallest building in the world ‘Burg Dubai’ - ‘Al Burg’ will be 20% taller.

  • Biggest mall in the world - Dubai Mall

  • Biggest Theme Park in the world - Dubailand

  • Biggest airport in the world - Dubai World Central International Airport (2012)

  • Biggest airline in the world - Emirates (2012)

  • Worlds safest city (4 years in a row) – Interpol

  • In total, over 1,000 km of beach frontage added to Dubai coastline

People

Population is currently 1.5 million and predicted to be 3 – 5 million by 2012.Tourist numbers circa 5 – 6 million p.a growing to 12 – 15 million p.a. by 2012

 



About the Author:

David is a Search Engine Optimisation consultant who works for PrimaryPosition.com. Published by Property & Investing in Dubai

Article Source: ArticlesBase.com - Dubai - 'the Fastest Growing City in the World'

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