Dubai
Fastest growing markets in the world.
UAE is a union of 7 emirates joined together under one flag. Formed as a Country in 1971, it is one of the most developed and progressive economies of Middle East.
Dubai, from the dusty desert town to the sparkling metropolis – it’s been quite a whirlwind transformation for this bustling city. For eight months of the year, the climate is wonderful and for the remaining four, the sun shines so brightly, that you can make all the hay you possibly could in your lifetime.
The rising temperatures in Dubai’s business market have attracted large scale investors seeking a lucrative return. With the market looking stronger than ever before, Dubai is proving to be most sought after by the cosmopolitan population thriving in the city. Also, Dubai has seen great demand and transformed the city into one of the fastest growing markets in the world.
The second largest of the seven Emirates, Dubai also boasts of some of the best skylines in the world, featuring the world’s tallest building, the Burj Dubai. With new construction on the rise everyday, Dubai’s landscape is constantly changing. The expatriate community of over 200 different nationalities makes the city urbane and cosmopolitan. Its dynamic business centers have wooed multinational giants eager to take advantage of this tax-free haven and explore the city’s commercial opportunities.
About Dubai
~ Second largest emirate of the U.A.E.
~ Member of the Arab Gulf Cooperation Countries (AGCC)
~ Dubai : City of Merchants
~ Ruled by the Al Maktoum Family
~ Area: 4,114 sq. km
~ Population: 1.504 million (Year 2008)
~ 19% of population are UAE nationals
~ Cosmopolitan city with 120 nationalities
Dubai's Economy
~ Dubai’s GDP in 2005: US$38.2 billion ( +26.7% from 2004 )
~ Oil 5%, non-oil 95%
~ Main non-oil industries: Trade, Tourism,
~ Manufacturing and Transport
~ Diversified economic base
~ Currency is UAE Dirham – Pegged to US$ @ Dhs. 3.66/-
~ Member of the IMF
Business opportunities in dubai
Dubai follows the principle of 4 t’s
~ Trade
~ Transport
~ Tourism
~ Technology
Source and Related Links
www.government.ae
www.uaeinteract.com
Diversified Business Opportunities:
There is potential for almost any type of goods and services. In the prosperous, but sparsely populated Gulf States, there is demand for foodstuff, high technology equipment and luxury products.
Tax Free Economy:
There are no foreign exchange controls, quotas or trade barriers. Import duties are extremely low, and many products are exempt.
