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.

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Your complete guide to Dubai Marina: from restaurants to rent prices

Time Out Dubai 17 Jan 2025
Dubai Marina is a popular spot when it comes to renting (which isn’t surprising with those waterfront views). Mostly made up of apartment buildings, you’ll either be on the side of the water next to Sheikh Zayed Road and the Dubai Metro line, or you’ll be on the JBR side near the beach....
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UAE: Sharjah rents expected to remain high over the next 2 years

The Siasat Daily 14 Jan 2025
The Emirates has attracted more residents than its neighbouring city of Dubai due to its relatively affordable housing options ... The market involving the renting of apartments is highly fluid, and several significant trends can be noticed. Recent statistics revealed that Dubai residents are relocating to Sharjah to escape tighter rental costs....
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Dubai residential property sales surge 31% in second half

Khaleejtimes 08 Jan 2025
Dubai Marina has stood out as the preferred choice for buying and renting luxury apartments ... Jumeirah Village Circle (JVC) secured the position as the top area for buying and renting mid-tier apartments, with an average sales price of Dh1.12 million and annual rent of Dh78,000....
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Dubai tenants learn to use new star-rated rents to their advantage

Gulf News 08 Jan 2025
Dubai. Looking for a home with a lower rent on an apartment in Dubai? Then, all you need to do is find out what that building’s star rating system is. Just days after Dubai Land Department launched its digital Rental ......
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Dubai expat starts new year by winning $1-million cash in duty free draw

Khaleejtimes 08 Jan 2025
It’s a life-changing win,” Robert Korbijn, 43-year-old Dutch expat and latest winner at the Dubai Duty Free (DDF) Millennium Millionaire draw on Wednesday told Khaleej Times ... Korbijn, who rents an apartment in The Springs, said he would use a big part of his winning as a down payment for a house in Dubai ... “Dubai is a city of great opportunities....
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Revealed: Dubai areas with fastest rent increases, highest return on investment in 2024

Khaleejtimes 07 Jan 2025
According to the latest data released by Bayut, rents for affordable apartments have risen by up to 48 per cent, with the largest increase reported for 2-bedroom flats in Deira ... Other popular areas for affordable rentals included Bur Dubai for apartments, and Damac Hills 2 and Mirdif for villas....

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