The United Arab Emirates is a constitutional federation of seven emirates; Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Qaiwain, Ras al-Khaimah and Fujairah. The federation was formally established on 2 December 1971. The United Arab Emirates (UAE) occupies an area of 83,600 sq km along the south-eastern tip of the Arabian Peninsula. Qatar lies to the west, Saudi Arabia to the south and west, and Oman
to the north and east. The capital and the largest city of the federation, Abu Dhabi, is located in the emirate of the same name. Four-fifths of the UAE is desert, yet it is a country of contrasting landscapes, from awe-inspiring dunes to rich oases, precipitous rocky mountains to fertile plains. The United Arab Emirates, one of the world's fastest growing tourist destinations, has all the right ingredients for an unforgettable holiday, sun, sand, sea, sports, unbeatable shopping, top-class restaurants, an intriguing traditional culture, and a safe and welcoming environment. It is a country rich in history and culture and an easy starting point for travels in the middel east. The main hub for air transport in the United Arab Emirates is Dubai airport, which is served by several major airlines. Dubai receives millions of leisure and business visitors each year from around the world which make it a thriving business community. Dubai has changed dramatically over the last three decades, becoming a major business centre with a more dynamic and diversified economy. Dubai enjoys a strategic location and serves as the biggest re-exporting centre in the Middle East. Its low logistical and operational costs and excellent infrastructure, international outlook and liberal government policies are attracting investors in a big way. Activities such as trade, transport, tourism, industry and finance have shown steady growth and helped the economy to achieve a high degree of expansion and diversification. Why Choose Dubai As An Investment Location? Dubai has long been recognized as the Middle East region’s leading trading hub and has emerged as its key re-export center. In more recent years, the Emirate has become a major venue for a number of growing, profitable industries and activities:
• Meetings, conferences, exhibitions
• Tourism
• Corporate regional headquarters
• Regional transport, distribution and logistics center
• Banking, finance and insurance
• Business and industrial consulting
• Information and Communications Technology
• Light and medium manufacturing
Dubai is a time zone bridge between the Far East and Europe on the East-West axis and the CIS and Africa on the north-south axis. It is a gateway to a market that can be characterized as:
• Large
• Growing
• Accessible
• Open. Dubai is part of the UAE which is a low-crime and politically-stable country. Also, the UAE enjoys financial and monetary stability. The government has a long, consistent commitment to pro-business, liberal economic policies including the protection of intellectual property rights. Finally, there is a well defined, sound legal framework for business and a clear set of ownership rules. Dubai’s economy has been kept open and free to attract investors and business. There are no direct taxes on corporate profits or personal income Customs duties are low at 4% with many exemptions. International companies setting up in Dubai can obtain significant cost advantages not generally available internationally. The major factors are:
• No foreign exchange controls,
• No trade barriers or quotas,
• Competitive import duties (4% with many exemptions),
• Competitive labor costs – labor force is multi-lingual and skilled,
• Competitive energy costs,
• Competitive real estate costs,
• Competitive financing costs and high levels of liquidity,
• No corporate profit or personal income taxes (except for oil companies and branches of foreign banks). You can refer to the tables under the "Cost of Doing Business" section. As a member of the UAE federation, Dubai is a part of the world’s third-largest export and re-export center after Hong Kong and Singapore. Dubai’s private sector has invested heavily in real estate such as hotels, residential and commercial properties, recreational and leisure facilities. In addition, a number of factors have contributed to the Emirate’s high quality of life and superior living conditions making it a model location for many to emulate. Those factors include excellent infrastructural facilities, low crime, clean environment, tolerance and cultural diversity, cosmopolitan life style, modern public administration, availability of a wide range of consumer goods and services, mild winters and clean, palm fringed beaches. Take a shrewd and long-term view of Dubai real estate and you can make a lot of money and also enjoy an exceptional lifestyle. The United Arab Emarates won the bid to host the 2020 World EXPO in Dubai which is a driver of economic growth. If you want to make high returns out of real estate by 2020 then rotate out of your overvalued homes in other hub cities and buy in Dubai!
