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

Edit

Dubai’s Samana Developers unveils its first sustainable project

Gulf News 31 May 2023
Located in Dubailand Residencial Complex, a brand new neighbourhood in Dubai, the 2B+G+P+14 project spans over 300,000 sqft with 348 apartments that comprise studios, one-bedrooms, two-bedrooms and three-bedrooms ... This plan makes it a flexible and viable option for those who are looking to move from rented apartments to owning homes in Dubai....
Edit

Dubai: 13-year-old becomes police officer for a day, gets to ride in luxury patrol car

Khaleejtimes 27 May 2023
He was able to serve as a Dubai Police officer for a day ... This Dubai Police officer was once afraid of water; today, she heads team in charge of saving lives at sea Dubai Police help prisoners clear families’ apartment rents, pay for their kids' education Dubai Police help bail out inmate who fell into debt after losing job ....
Edit

Dubai: Rising rent prices drive residents to opt for mortgages to buy property

Khaleejtimes 21 May 2023
An escalating trend of buying properties through bank mortgages is being reported among Dubai residents ... Dubai's residential rents peaked in 2022, increasing by 26.9 per cent on average, with the average apartment and villa rents rising by 27.1 per cent and 24.9 per cent, respectively ... How to buy older properties in Dubai UAE....

Most Viewed

FILE - Zimbabwean President Emmerson Mnangagwa speaks after receiving 18 Russian built Ansan medical, air and rescue helicopters from the Russian government at the Robert International airport in Harare, Thursday, May, 18, 2023.
AP / Tsvangirayi Mukwazhi, File

Zimbabwe outlaws criticism of government ahead of elections

Deutsche Welle | 01 Jun 2023
×