Home arrow about dubai
About Dubai PDF Print E-mail

 

About Dubai


szrDubai is not only the fastest growing city among the seven emirates but it is also one of the fastest growing Cities in the world. It has remarkably undergone a drastic change in terms of development in all fields, especially economic development.


Dubai’s location is one of the main factors that enhanced its phenomenal success. It is now the city of dreams where you will get to meet almost all nationalities who have come to taste the great opportunities of growth financially and spiritually. Dubai is a fertile soil for a great future development for both its people and the people who are living under its wings.

Therefore, many Multi-national companies have already established their operations in the Region and they are able to bring a lot to Dubai’s table as well as benefiting from its’ enormous recourses of potential and guaranteed growth.

Dubai guarantees to provide its best to the world. Thus its growth success has already reached the sky. The Government with its sharp eye has always considered private sector to be its right hand in the mission of achieving a perfect growth. Dubai’s no taxes policy is a great privilege that attracts foreigners to finding more beneficiary to investment. This policy has made itself obvious in the mega projects that took and is taking place physically in the city of dreams.

Dubai's development within the field of property of all types can be called the most prominent development,

The search of excellence has materialized in Dubai being able of producing one of the best infrastructure facilities in the world. For example, reliable power the growing telecommunication facilities, are all attracting an increasingly multi-cultural and highly trained manpower. The Government projects an increase of. Luxurious living, the classy cuisine and the amazing shopping malls were people resort to during weekdays and weekends

Thanks to his Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, that when Dubai’s name is uttered it carries nothing but a great deal of success in both planning and implementation.

 

FREEHOLD PROPERTY LAW

 

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, has issued the three page, five article Order No. 3 of 2006 designating areas for expatriates who can enjoy freehold ownership in Dubai, published in the governments official gazette on July 3, 2006.

The much awaited list includes 23 areas and 45 plots including Jebel Ali, the Palm Island Projects, The world Islands, Dubai Marina, Emirates Hills and Al Barsha, among many others. The new regulations follow the legalizing freehold ownership of land and property to UAE and GCC Nationals as well as Non-GCC citizens to own freehold property in designated areas. Experts speculate that as UAE’s freehold law advances so will the boost to the secondary market in real estate. This is a development to be welcomed since it will be another sign of growing confidence in the market.

 
Powered by MAQSAD.com [Web Design Dubai] © 2006 Al Wesal Real Estate, All Rights Reserved.