Dubai Property

Dubai is one of the seven emirates, which make up the United Arab Emirates on the Persian Gulf. It is the most populated and second largest emirate of the United Emirates, which otherwise the other members of UAE receives only 6% of its domestic product from oil. The place has become famous due to Dubai innovative real estate projects, which can be either admired or purchased by those who wish to live in the spot.

The place has a very rich history, that definitely should be known by those who want to buy a Dubai property. The earliest record mentioning the spot comes from 1095 AD, from one of the Arabic books. It describes the space as the vast one and the later notice, from 1587 AD says that Dubai was one of the places where Venetians worked and searched for pearls. Later, until 1833 Dubai was dependent of the settlement of Abu Dhabi. In 1833, the Al Maktoum dynasty took control over the region and from that point the place has become an independent emirate. Dubai was many times endangered by those who wanted to conquer it, and due to the protection of the United Kingdom it managed to remain independent. The rulers of Dubai fostered trade and commerce and the place was famous for the pearl exports until the1930s. In 1966 the spot joined the newly independent state of Qatar to set up a new monetary unit, the Qatar/Dubai riyal. What was also incredibly important for the development of the region was the discovery of oil, 120 kilometers off the coast of Dubai. On 2 December 1971 the country together with Abu Dhabi and five other emirates formed the United Arab Emirates and adopted a single, uniform currency – the UAE dirham. At present the ruler of Dubai is Sheikh Mohammed bin Rashid Al Maktoum.


A lot of businessmen decide to move to the country and buy a Dubai property as the place is incredibly important for manufacturers, and it is a banking and financial center. Moreover, the spot has become very popular among tourists, as well as an emerging space for service industries, such as IT and finance, with the new Dubai International Financial Centre (DIFC). What makes the place even more attractive for the potential Dubai property owners is definitely the fact that in the region industry-specific free zones were created. These are Dubai Internet City, combined with Dubai Media City, as part of Dubai Technology, Electronic Commerce and Media Free Zone Authority, including numerous IT companies, such as EMC Corporation, Microsoft or IBM, as well as media organizations – MBC, CNN, Reuters, ARY and AP. Dubai Knowledge Village (KV), which is an education and training centre is to provide future workers for the mentioned organizations. The incredible development of the region makes it a very popular place and Dubai estate agents have many clients, who look for a suitable Dubai property.

Due to creating a service and tourism oriented economy the spot has experienced a great property boom from 2004 to 2006. Mega projects constructions have made the place one of the fastest growing cities in the world. The region has become especially attractive for those who wish to possess an ultra-modern Dubai property for instance in one of the amazing skyscrapers, such as Emirates Towers, which belong to the highest buildings in the world. At present, the world’s tallest structure - the Burj Dubai, which is due to complete in 2008, is under construction. Those who consider buying a Dubai property in the building will be also able to do the shopping in the world’s largest shopping mall – the Dubai Mall, situated next to Burj Dubai building. There are many more interesting projects which are constructed at present in Dubai, so if you really want to make the place your new home contact the Dubai estate agents and ask for something that would be suitable as far as your needs and desires are concerned.