UAE Stands Tall in the Timeline of History

The amenities that the United Arab Emirates as a country provides to its citizens are simply unmatched throughout the world and only the most advanced of cities in the world can be compared to this modern gateway to Asia. In the ancient times, the states that were considered to be the best in the world were the ones that had the best law and order situations. About Baghdad, it is said, that in the time of Abbasid Caliph Haroon Rashed, if a coin got dropped in a market, the owner could return after one day and pick up the coin again from the same place as nobody could dare to rob.

When we look at the modern states of Dubai, Abu Dhabi, Sharjah or Ajman etc, we can easily find the traces of the same golden eras as the law of the land is equally effective as it used to be in those greatest of states in the history. Stockholm is remembered for its medical facilities, because it had scores of hospitals. When we see the Dubai Healthcare City, it reminds us of the golden era of Stockholm while when the synchronized system of patients’ data throughout the state is brought to the forth, it actually means that this city has clearly excelled in this field.

The Athens is known for its magnificent facilities for recreation as it had scores of parks, grounds and the Athenians could enjoy their life and as they had proper nurturing of the minds, they were able to produce some of the greatest thinkers in the history of mankind because it is actually the freedom of brain that allows the person to think. The parks and hangout options along with the charming beach parties and recreational activities, the UAE is equally fruitful if we look at all these facilities.

And the golden architectural era of the Moghul India can be compared with any of the fantastic buildings that the Dubai real estate is known for. So undoubtedly, UAE stands tall along with all the greatest of cities that have ever been on the face of this globe at any point in the timeline of mankind.

Dubai Real Estate – A Vital Hand of Dubai Economy

Dubai properties have certainly seen a major hype during the last one and a half year after the end of the worldwide recession era. It was a hard era for the world but Dubai was one of the first cities on the face of the globe that were able to shed the symptoms of recession from their backs. It was the resilience of this city that made it go through all the troubling times and today the Dubai real estate business is again rising to the top just it did before. It is a fact that Dubai ranks among the top few cities in the world in terms of real estate business and the Dubai administration has shown complete faith in their decisions.

The expatriates in Dubai also displayed complete faith in the ability of the Dubai City and the state also showed equal support for the businesses in all this era. As a result, since the late 2010, Dubai real estate began to rise and continues to rise as a burly business segment in the economic mix of the city. The Dubai properties prices have restored the belief of the critics in the ability of the city to bounce back in crucial times. The revival of economic activities in the city has also been helpful in bringing more expatriates to the city tan before.

A wide range of multinational organizations have opened their regional headquarters in Dubai and it is just a reconfirmation of the fact that the Dubai still is the favorite place for the business activities. Tourism industry has just taken the Dubai real estate and the overall economy to yet another height as it brings thousands of people from across the planet to Dubai every year and the magnificent hotels and restaurants and fantastic recreational places certainly allure the fun lovers to visit the city. Rent in Dubai has also seen a positive trend during the past few months due to this very reason as the people coming here generally rent properties for the time being and the students and job seekers who come here have also boosted this industry.

It can be safely said that the Dubai properties will continue to show this elevation in the coming months and years and the day is not far off when the prices will go even higher than the past. The reason why real estate experts predict this is that they can now see no new negative developments coming Dubai’s way that might hurt Dubai economy. The wars in the region are about to be over and the new trade agreements with the gulf cities as well as the far east countries will certainly help the UAE to see yet another high mountain in the graph of their economic conditions.

UAE – A Survivor by Nature

The United Arab Emirates that is one of the richest countries in the Gulf region was once divided into several smaller states. It was ruled by the British and the British armies were responsible for their security and used to get paid by the Arab Sheikhdoms of that era for their services. However, when in December 1971, the treaty between the sheikhdoms and the British government came to an end, Bahrain and Oman declared their independence while Dubai and Abu Dhabi joined hands with each other to form a union and decided to contact other states of the region also to be a part of the new union.

The need to join hands with each other was driven by the fact that the states were militarily quite weak and they also lacked the man-power to make an altogether new army. The borders were also vulnerable to the foreign intervention as oil had been discovered in the 1960s and the states feared that some stronger neighbor could go for an expedition to occupy the state and ultimately the rich oil fields of the world. Thus, the states formed a new union in 1972 and till date they have remained together and the relations between the sheikhdoms of all the states are quite friendly. They signed a defence contract with the US in 1994 and another in 1995 with France and this staying away from the war and battleships has certainly helped the UAE to grow.

Today, UAE is one of the most attractive tourists’ destinations all over the world. People from all parts of the world come to Abu Dhabi, Dubai and Sharjah to enjoy their vacations. The business has also thrived in the United Arab Emirates and all the big organizations have their offices in the UAE and some of them even have their regional headquarters situated in Dubai. One such example is of International Cricket council, which is the main governing body of Cricket. Although UAE does not have a strong cricket team, yet the ICC decided to shift its offices from London to Dubai because Dubai is totally tax-free and thus business has a lot better chances of expanding in Dubai than in any other part of the world.

It also gives such exciting residential and commercial opportunities in its real estate sector that hardly any other country might think of offering. For example, Burj Khalifa, that is the highest residential tower of the world, can not even be compared with any other thing as it is the highest, therefore, above everyone else. And when one looks at the unbelievable Palm Jumeirah Islands, it is almost impossible to find any parallels to the Dubai real estate.

The UAE has come a long way during the past 50 years. From a bunch of tribes ruled by small sheikhdoms and protected by British army, they have evolved into a union of seven rich states and are one of those places that have the strongest appeal for business and tourism. It was a tough journey, but the UAE has come through it and has succeeded and that is why experts still believe that it has the potential of overcoming the current problems that its real estate and overall business industry is facing. They believe that it is a global phenomenon and the day it starts to recover internationally, UAE would be among the first countries that will jump back to the fore-front of the world business face.

Abu Dhabi and Dubai – A Matchless Combination

Abu Dhabi and Dubai are two biggest cities of the United Arab Emirates and also two of the richest states of the union. These are the only states among the total of seven in the UAE that have the veto power in the matters of foreign affairs and strategy and policy formulation. These two cities are also the main business hubs of the country and that is why they are the most developed as well. The two states have been extremely helpful for each other in the hours of crises and one such moment was when the state of Dubai needed help of the Caliph, who has the seat in Abu Dhabi, for the completion of Burj Dubai and the Caliph was generous enough to lend his arm, while Dubai re-paid the Caliph by naming the Burj Dubai as Burj Khalifa.

Since the union of the seven states, Dubai had been the business and tourism hub of the country while Abu Dhabi took the back seat by only basing its economy on the mineral oil which is the largest export of the UAE. However, in the recent years, Abu Dhabi has also fast developed itself into tourists’ favorite spot. The main reason behind the decision was that the administration wanted to shift their economy to tourism and business instead of the oil export only because oil based economy might be able to sustain the economy after a certain point in time.

Dubai, on the other hand, has been developing itself further and has reached beyond the land space and into the sea, where they have developed The Palm Jumeirah Islands. They are certainly a man-made wonder of the modern era and for the first time in the world; islands were carved out in the sea artificially. Burj Khalifa was also established in Dubai and was inaugurated on January 4, 2010. So Dubai is expanding both horizontally and vertically and is certainly one of the leading property markets in the region.

The two states are moving fast towards becoming the global leaders in the fields of tourism and business and the time is near when both of them will surpass all the regional competitors in these two indutries.

Abu Dhabi Property Leaving the Rest Behind

Abu Dhabi residence is like a dream for any person living in any part of the world because the excellent accommodation options that Abu Dhabi property provides one with and the magnificent sites that this city contains can be desire of any living human being. The beautiful natural sites with the rough mountains, sighing deserts and the roaring sea make this city stand out among other cities of the region. A few years back only Dubai was rated among the top most desirable cities in the region, however, Abu Dhabi has certainly come a long way since then and today, it can be safely said that it is one of the most exciting places to live in, in the world.

Abu Dhabi is a favorite place for the world tourists and is perhaps the only place in the region that has the potential to compete Dubai as a tourists’ heaven in the future. Abu Dhabi’s flight towards becoming one of the biggest markets of the region is supported by its rich tourism industry, the oil-led economy and the business activities that this state offers to the world. All these factors jell in together to bring expatriates from all parts of the world to the city and all of them put their contribution in making Abu Dhabi one of the best business city of the world.

These expatriates come here mainly for two reasons. The biggest reason is the business which creates jobs as well as capital investment opportunities and both the job-seekers and businessmen come here to earn their living. The other type of expats is the students who come here to learn to earn their living. The job-seekers and students are normally from humble backgrounds so they prefer living in apartments for rent in Abu Dhabi while the business community usually prefers villas and townhouse residences.

Abu Dhabi has fast evolved into one of the most favorable markets in the region and is constantly becoming better and the day is not far off when it will leave all the major competitors in the region and will become the leading market for business as well as tourism in the region.

Smaller Properties Surprising the Business Gurus

The government data has revealed that Dubai has seen a drop of about 44.8% in the buying trend of average size homes and apartments during the first half of the year 2012. According to the stats released by this report, there was a 24.5% increase in the number of transactions as compared to the first half of 2011 but the size and value of property has shrunk that is surprisingly inversely proportional to the increase in transactions.

The data collected by Dubai Land Department indicates that although the number of transactions has increased by 24.5% yet the average size of property bought in the first half o this year was around a hundred and a half sq m less, 139 to be exact. The property prices also saw a downward trend as the sale prices of the properties dropped 23% comparing to the same period of the previous year. It was 2.8m AED in 2011 while it is AED 21.4m this year which is quite a worrisome figure for the Dubai administration.

Mr. Mario Volpi of Cluttons opines that the fall in prices might be de to the shrinkage in the size of the property as more and more people are asking now for smaller 1 or 2 bedroom units while the demand for 3 to 4 bedrooms apartment is falling down. Mortgage transactions have also dropped dramatically and there has been a decline of 23% in the mortgage transactions and the reason can very well be the people’s priority to buy with the cash instead of mortgaging.

He, however, was hopeful about the future of mortgaging in the country as he believed that the scores of mortgaging schemes that the banks are offering to the customers these days in order to alluring them into this business, and this will certainly boost mortgaging in the country. Mr. Volpi is the head of leasing and sales department for residential property of UAE at Cluttons.

Mr. Matthew Green opines that the realty market will show a positive trend throughout the year in the residential sector but the volumes of transactions, as stated above, would continue to remain low comparing it to the first six months of the year. He said that on the grounds that during Ramadan especially and throughout the summer, the prices remain almost the same. Mr. Matthew Green heads the department of research and consultancy at the CBRE.

Villas for Rent Reshaping Real Estate in Abu Dhabi

Abu Dhabi is the largest state of the United Arab Emirates and also the richest one as it has the largest reserves of oil in the country. A large number of businessmen come to Abu Dhabi and they choose villas for rent in Abu Dhabi for their living which is most suitable as they can stay in there for a while on rent and the luxurious lifestyle of a villa that suits their class is also a perfect residence. Abu Dhabi also enjoys the status of being the most influential state of the UAE with a right of veto that it shares with the state of Dubai makes it even more powerful. It is the capital of the UAE.

The Abu Dhabi administration has turned this city into a tourists’ destination in the past few years. The reason behind this decision was that the government wanted to base its economy on the tourism instead of oil only for the long term benefits. They realized the tourism potential of this magnificent beach city and thus started to transform it into a tourists’ attraction. Nowadays a large number of tourists come to Abu Dhabi and their favorite destination is also the villas for rent in Abu Dhabi because some tourists come here to enjoy the luxurious lifestyle that this loaded with money state provides.

The Abu Dhabi properties have also seen a boost in the recent years due to this mix of business and tourism as expats come here in numbers now and they normally use rental villas or apartments while there is a large number of those students and working men and women as well who have come here for studies or their jobs. Dozens of international schools and colleges have been attracting students from all parts of the UAE and even abroad to study here while this has proved to be an attraction for the investors as well while the working class rents or buys the apartments or flats and all this mix has really pumped billions in Abu Dhabi properties market.

Abu Dhabi is already the second most attractive market in the UAE but the real estate gurus see it as a potential competition for Dubai and prospects are quite bright that if Abu Dhabi real estate keeps progressing at the same pace, it might leave the Dubai property market behind as well.

I would Put My Money on Room for Rent in Dubai

Dubai is a destination that has upheld its brand equity for the last twenty years and its real estate has stood firm in all tests of time. For every person who comes to Dubai there are accommodation options and the Room for rent in Dubai is the first choice of almost all the visitors. People come here for business, labor, tourism and studies and all of them have to find some place to live in. Villas or hotels are too expensive to be rented or bought by people belonging to mediocre class and they have this perfect option of renting a room in Dubai.

Dubai is the business hub of the UAE as well as the business center of the entire region. There is not any other city in the Middle East that has so large a percentage of expats living in it. Investment in Dubai is immense and a large number of organizations have set up their regional offices in Dubai. One such example is of the headquarters of ICC that shifted to Dubai from London a few years back. Dubai makes the center of the globe as it is reachable from Australia, England and Africa in almost same span of time and is very next to the South Asia and China which makes it eye-ball of the global economic giants.

This makes Dubai extremely suitable for business and these businesses also generate job opportunities that make the working class to come here to seek jobs. Tourism is the second biggest source of income for this oil-rich country and Dubai makes up around 80% of the tourists that come to the United Arab Emirates. These tourists also look for cheap rentable rooms as they only come to their rooms for sleeping and rental rooms is a perfect accommodation for them too. It is also a good option for the students who come to Dubai as they do not have a lot of money to rent a room in a hotel or buy a flat.

Dubai has been the economic hub as well as the tourists’ love for last two decades and now it is also becoming an educational center as a range of new schools, colleges and universities are being opened in here and certainly all these things combined give Dubai real estate a big boost and make it the most favorable real estate market in the region.