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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Why are Dubai tenants opting to renew leases rather than sign new contracts?

The National 25 May 2024
Over this period, average apartment and villa rents grew by 22.1 per cent and 14.5 per cent, the report found. As of March, the average apartment and villa asking rent stood at Dh123,429 and Dh344,658, it said ... Dubai tenants face higher rents after Rera calculator reset....
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Renew or relocate? Many Dubai tenants face tough choices amid Rental Index changes

Gulf News 24 May 2024
Dubai. The coming weeks will be decisive for many tenants in Dubai as they have to decide whether to renew their lease or opt for a brand new rental option ... Q1-24 Dubai rental trends ... Across Dubai, rent increases continue to average in the double-digits at in-demand locations....
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How much should you earn to buy a Dubai property worth $1 million?

The National 23 May 2024
Krzysztof Lewandowski, a Polish national, recently bought an apartment in the Emaar Beachfront project in Dubai for Dh4.2 million ($1.14 million) ... He purchased his first property in Dubai, also in Emaar Beachfront, seven years ago and also owns an apartment each in Dubai Creek Harbour and Jumeirah Lakes Towers....
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Tenants in Dubai are resorting to some alternative solutions after the rise in rental prices

Akhbrna 20 May 2024
Tenants in Dubai are moving to smaller apartment units due to rising rental prices. Due to rising rental costs, tenants in Dubai are moving into smaller apartment units. As a result of record-high rents and rising demand, tenants in Dubai are opting for smaller apartments within the city ... Rents in Dubai are going up at an alarming rate....
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Man sentenced to three months in jail and fined for fraud charges in Dubai

Gulf Today 19 May 2024
The Dubai Criminal Court sentenced an Arab to three months in jail and fined him Dha103,000 for swindling the same amount of the fine from a European man after he defrauded him with an advertisement for an apartment for rent on a dedicated website ... person authorized to rent them....
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Dubai rents experience significant growth: Tenants rejoice as MetaHomes provides renewed confidence to sign the dotted line

Khaleejtimes 06 May 2024
Albeit affordable options boomed, Dubai also saw significant rent increases in luxury apartment segments. Dubai Marina retained its crown as the top area for luxury apartment rentals, with average annual rents reaching a staggering Dh148,000 ($40,300) for two bedrooms....

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