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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Tranquil Infra Developers Launches with Investments over $50M in UAE’s Real Estate Market

The Gulf Time 11 Dec 2024
With a visionary team of industry veterans, Dubai is increasingly growing into an ideal investment hub with high sales and rental returns ... Between 2012-2024 JVC apartment rents have appreciated by 188%, with studios, 1 and 2 bed apartments fetching over 8% – 10% ROI, with a yield of over 6.67%....
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Jumeirah Village Circle sees record price appreciation

Khaleejtimes 10 Dec 2024
Within the booming real estate scenario in Dubai, Jumeirah Village Circle stands out as one of the areas enjoying the highest returns for investors ... Between 2012-2024 JVC apartment rents have appreciated by 188 per cent, with studios, 1 and 2 bed apartments fetching over 8 per cent - 10 per cent ROI, with a yield of over 6.67 per cent....
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My Dubai rent: How much does it cost to rent an apartment in Karama?

Gulf News 09 Dec 2024
Because of its long history, the neighbourhood offers many choices to people looking to rent an apartment ... It is this mix of old and new residential buildings, that ends up becoming a great advantage for people looking to rent an apartment in the area – there is something for ......
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Dubai rents to increase in 2025: Which areas will see a hike in rentals?

Khaleejtimes 08 Dec 2024
“The next 12 months are likely to see villa rents stabilising whilst apartment rents continue climbing up to 10 per cent.” ... Haider Tuaima sees the highest rent increases in the lower end of the market, particularly in apartments located on the outskirts of Dubai ... Rents in Dubai....
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Off-plan deals drive Dubai property market in November

Khaleejtimes 08 Dec 2024
Popular areas for apartment ownership were Dubai Marina,,Jumeirah Village Circle,Downtown Dubai, Business Bay, and Palm Jumeirah ... Top areas searched to rent apartments included Jumeirah Village Circle,Dubai Marina,Downtown Dubai, Business Bay and Deira. Jumeirah, Dubai Hills ......
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UAE real estate market positioned for robust growth in the last quarter

Khaleejtimes 27 Nov 2024
Rent increases for apartments (19.1 per cent) and villas (12.5 per cent) reflect strong demand for quality accommodation in well-serviced communities ... In Abu Dhabi, apartment rents rose 9.3 per cent and villas up 3.9 per cent ... Limited availability of Grade A office space in Dubai ......
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UAE: Can an employer terminate employee during pregnancy?

Khaleejtimes 24 Nov 2024
He is qualified to practise law in Dubai, the United Kingdom and India ... news@khaleejtimes.com or send them to Legal View, Khaleej Times, PO Box 11243, Dubai ... Dubai. What are the requirements for Golden Visa holders to work in the emirate's freezone? Dubai. Owners cannot rent out apartment for 2 years after vacating it for personal use....

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