Dubai

Dubai (/dˈb/ doo-BY; Arabic: دبي Dubayy, Gulf pronunciation: [dʊˈbɑj]) is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969. Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil. The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce. Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirate's economy has made a return to growth, with a projected 2015 budget surplus.

Latest News for: Rent apartment dubai

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Dubai: Will landlord pay for repairs of apartment damaged in rain?

Khaleejtimes 21 Apr 2024
As you are residing in a rented apartment located in Dubai, the provisions of Law No ... Based on the aforementioned provision of law, your landlord is liable to bear the repairs and maintenance of the damage caused to your rented apartment wall due to recent rains in the UAE....
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UAE Property: ‘Does the Rera rent index apply to furnished apartments?’

The National 18 Apr 2024
We rent a new furnished apartment in Dubai. Most residents are coming to the end of their first annual contract and have been informed of a 10 per cent to 15 per cent rent increase ... But the units are regular apartments with standard lease contracts, Ejari and deposit ... I own studio apartments in Dubai ... AP, Dubai ... CK, Dubai....
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