The Emirate of Dubai

 

Located at the crossroads of Asia, Africa and Europe, Dubai lies along the Eastern coast of the Arabian Peninsula, in the South West corner of the Arabian Gulf. On the southern approach to the Strait of Hormuz, this Emirate was long well positioned as a vital transit point for world crude oil. Since oil production reached its highest level around the middle of the 1990's, dubai had to diversify its economy and became the leader among the emirates in establishing industries and services independent from petroleum production as well as its subsidies.

A business culture of innovation and entrepreneurship, coupled with the economic advantage of free-zones, has cemented Dubai's positioning as the commercial nucleus of the region. Fast-track administration, efficient infrastructure and streamlined licensing processes have been critical in attracting foreign interest to Dubai's investor landscape. A highly sophisticated free-enterprise environment, Dubai today is one of the most sought after destinations to explore business opportunities in myriad sectors.

Since the freehold in Dubai was relaxed allowing foreigners to purchase property in Dubai there has been an unprecedented real estate explosion. Dubai is rapidly becoming the obvious choice for overseas investors, especially as in most cases purchasing a property in Dubai enables you to apply for a residency visa. Although Dubai properties have attracted investment from an astounding number of overseas property buyers over the last few years with some making stunning short term gains, most of the major attractions are still under construction, meaning this property hot spot still offers a sound investment opportunity in the medium term and longer term.