Dubai Silicon Oasis
The Dubai Real Estate Market Overview
The Dubai Real Estate Market Overview
Dubai real estate is something everyone has kept a keen eye on for the past five years. Since 2001, the Dubai property market has grown in unprecedented numbers, but the future seems somewhat bleak for investors in this once highly profitable economic sector. The global financial crisis was delayed in its arrival in Dubai, but it managed to creep up nevertheless and in October 2008, the Dubai real estate market began plummeting right off its short-lived utopia.
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Dubai Free Zones
Dubai Business - Dubai Free Zones by Dubai City Guide Summer 2008
Setting up a business in one of Dubai’s several free trade zones is an appealing choice for most foreign investors. Free zones are highly beneficial for the entire country’s economy and since foreigners are allowed to fully own the companies they set-up, most expatriate investors prefer to establish their businesses in free zones. A large number of businesses and direct investments in free zones have contributed heavily to the net non-oil income in Dubai.
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Major Dubai Property Developments
Dubai Real Estate/Property - Major Dubai Property Developments by Dubai City Guide Summer 2008
For a long time, Dubai property ownership was limited to Emirati nationals only. But, after the new property decrees were announced by the crown prince in 2001, foreigners are allowed to fully own apartments, villas, offices and complexes in Dubai. With this sudden evolvement, the demand for Dubai property increased in magnanimous proportions. So, as a post-demand necessity, construction companies around the country and even those from overseas, began developing building complexes, communities and entirely new islands in Dubai.
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