The UAE economy has achieved significant growth record of 7.4 percent in 2007 over the previous year, with the gross domestic product (GDP) touching Dh.698bn, announced the UAE Ministry of Economy.
As per the Ministry's report, the biggest contributor to the UAE's GDP is the fast emerging real estate sector. During 2007 the real estate contributed 8 percent to the country's GDP, with an investment of Dh.25.8billion. The government has shown considerable interest in assisting UAE nationals to own free residential units through various residential plans that offer good standard of living and stability.
About 23.1billion (16 percent of total investment) has been put forward for establishment of developed infrastructure, including airport expansions, internal and external road networks, bridge and tunnel constructions and communications.
The size of fixed investments in 2007 has grown to Dh.144.5 billion, as against Dh.121 billion in 2006. The investment percentage to domestic product has touched 20.7 percent in 2007. Although the real estate and manufacturing sectors, jointly, contributed 35 percent of the total investments in the country during 2007, industries such as medicine, petrochemical, building materials, and food continued to surge.
The property and real estate market in Dubai, UAE is a rapidly expanding business. Investors can expect almost a 30% or more return on any property. Dubai is one of the few Arabian states open to the West in terms of culture and social integration and secure in terms of political and economic environments. The Dubai property market is growing and anyone who invests in the real estate of Dubai will see a rapid turnover in their investment.
Dubai is especially attractive for people who are thinking of settling outside their home country in Europe, South Africa or South East Asia. The sunny weather, the exchange rate and the completely cosmopolitan nature of the state is something that is found in few other countries. Dubai is developing into a nation that is the epitome of globalization. Though a Middle Eastern country it lacks the formality, conventions and traditional flavors found in the Arab region. Dubai has reinvented itself to suit the needs of all cultures and conventions. It is a commercial region where the real estate, the property and the investments are being created to cater to a universal regime.
Dubai, UAE is creating a real estate and property boom that will tickle the fantasy of most people. It is creating regions within its borders that are representative of the world. Whether you want to buy, sell or invest in the real estate of Dubai the return rate is excellent.
The open nature of the society in Dubai makes it a haven for people who want to retire, relocate their families in a more successful manner and/or are simply looking for a secure return on their money. Dubai is a lively place which has people of all religions, is open to various entertainment factions, has excellent education and healthcare facilities and is overall a place where living is dream.
List of Major Builders in Dubai
As per the Ministry's report, the biggest contributor to the UAE's GDP is the fast emerging real estate sector. During 2007 the real estate contributed 8 percent to the country's GDP, with an investment of Dh.25.8billion. The government has shown considerable interest in assisting UAE nationals to own free residential units through various residential plans that offer good standard of living and stability.
About 23.1billion (16 percent of total investment) has been put forward for establishment of developed infrastructure, including airport expansions, internal and external road networks, bridge and tunnel constructions and communications.
The size of fixed investments in 2007 has grown to Dh.144.5 billion, as against Dh.121 billion in 2006. The investment percentage to domestic product has touched 20.7 percent in 2007. Although the real estate and manufacturing sectors, jointly, contributed 35 percent of the total investments in the country during 2007, industries such as medicine, petrochemical, building materials, and food continued to surge.
The property and real estate market in Dubai, UAE is a rapidly expanding business. Investors can expect almost a 30% or more return on any property. Dubai is one of the few Arabian states open to the West in terms of culture and social integration and secure in terms of political and economic environments. The Dubai property market is growing and anyone who invests in the real estate of Dubai will see a rapid turnover in their investment.
Dubai is especially attractive for people who are thinking of settling outside their home country in Europe, South Africa or South East Asia. The sunny weather, the exchange rate and the completely cosmopolitan nature of the state is something that is found in few other countries. Dubai is developing into a nation that is the epitome of globalization. Though a Middle Eastern country it lacks the formality, conventions and traditional flavors found in the Arab region. Dubai has reinvented itself to suit the needs of all cultures and conventions. It is a commercial region where the real estate, the property and the investments are being created to cater to a universal regime.
Dubai, UAE is creating a real estate and property boom that will tickle the fantasy of most people. It is creating regions within its borders that are representative of the world. Whether you want to buy, sell or invest in the real estate of Dubai the return rate is excellent.
The open nature of the society in Dubai makes it a haven for people who want to retire, relocate their families in a more successful manner and/or are simply looking for a secure return on their money. Dubai is a lively place which has people of all religions, is open to various entertainment factions, has excellent education and healthcare facilities and is overall a place where living is dream.
List of Major Builders in Dubai
- Emaar Properties
- Al Nakheel Properties
- Damac Properties
- Saba Properties
- Dubai Properties
- Diamond Investments
- ETA Star Properties
- Bonyan Emirates
- Oryx Apartments
- Fbi Property Development Company
- Omniyat Properties
- Union Properties
- Tamer
- Memon Investments
- Ishraqah
- Al Derea Real Estate Development and Investment Company
- The Dubai Multi Commodities Centre Authority (DMCCA)
- Tatweer (a subsidiary of Dubai Holding)
- Dubai Investments Park Development Company
- TECOM Investments
- Dubai Holding