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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My Dubai Salary: ‘I earn up to Dh2.3 million a month in real estate’

The National 02 Apr 2024
The Briton, 34, relocated to Dubai three months ago for business reasons, the lifestyle and tax advantages ... He rents an apartment in Downtown Dubai. On The Money ... .......
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Dubai real estate: Five areas to rent 2-bedroom apartments under AED60,000

Arabian Business 02 Apr 2024
Here are some of the more affordable areas in Dubai where you can find two-bedroom apartments with annual rents under AED50,000 .......
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Dubai property market undergoing a transformation, say estate agents

The National 30 Mar 2024
The house, which they had been renting for the same amount as they had previously paid for a three-bedroom apartment in Dubai Marina, had doubled in price since they moved in during the pandemic and could now be rented for Dh450,000 per year....
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3-day shopping rule, moving emirates: How UAE residents are coping with rising costs of living

Khaleejtimes 28 Mar 2024
One of her strategies involved moving from Dubai to Sharjah ... In Dubai, Ahmed rented a one-bedroom apartment for Dh40,000 per year ... But after moving to Ajman, he now enjoys the comfort of a spacious two-bedroom apartment, and he only pays Dh30,000 per year for rent, a significant reduction from his previous expense....
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Dubai real estate: Areas where you can find 1-bedroom apartments for less than AED70,000

Arabian Business 28 Mar 2024
Here's a list of the most affordable Dubai neighbourhoods with one-bedroom apartments below AED70,000 in annual rent .......
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Dubai’s Samana Developers to invest Dh12.5billion in new projects

Gulf News 27 Mar 2024
Dubai-based Samana Developers will invest Dh12.5 billion ($3.4 billion) in new residential projects in the emirates, the developer has announced ... Samana’s strategy aligns with Dubai's continuously bullish outlook on the real estate industry ... It helps the buyer’s decision to buy an apartment and move from a rented flat to owning a home....
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My Own Home: Indian family paid Dh2.3 million for off-plan villa in leafy Sharjah suburb

The National 27 Mar 2024
Mr Thadikaran, head of reward, performance and operations in HR with a UAE bank, had been renting in Dubai’s Al Qusais area since moving to the country, but decided to buy during the pandemic ... If you want to rent a decent two-bedroom apartment in Dubai anywhere now, you won’t get anything for much less than Dh80,000....
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Dubai’s highest rents: Inside the luxury houses that cost millions per year

Arabian Business 27 Mar 2024
Here are some of the most expensive apartments and villas available for rent in Dubai, the highest one costs a whopping AED16 million per year .......
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Samana set to invest $3.4bn in new projects

GDN Online 26 Mar 2024
Dubai-based Samana Developers yesterday announced it will invest 12.5 billion dirhams ($3.4bn) in new residential projects in Dubai over the rest of this year ... It is aimed at helping the buyer make the decision on buying an apartment and moving from a rented flat to owning a home, the company said....
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Samana Developers To Pump Dh12.5 Billion in Dubai projects, focusing Waterfront Developments

Eye Of Riyadh 25 Mar 2024
Dubai-based Samana Developers today announced it will invest Dh12.5 billion ($3.4 billion) investment in new residential projects in Dubai over the rest of the year 2024 ... It helps the buyer’s decision on buying an apartment and moving from a rented flat to owning a home ... Dubai’s Bullish Outlook....
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Samana to invest $3.4bn in Dubai projects this year

GDN Online 25 Mar 2024
Dubai-based Samana Developers on Monday announced it will invest Dh12.5 billion ($3.4 billion) in new residential projects in Dubai over the rest of this year ... It is aimed at helping the buyer make the decision on buying an apartment and moving from a rented flat to owning a home, the company said ... Dubai’s Bullish Outlook....
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