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Living Costs |
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Dubai is a cheap place to live when compared to Western Europe, allowing many people to save while experiencing a great quality of life. Petrol is given away, food inexpensive and loan rates reasonable.
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Growth |
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Dubai has experienced extraordinary economic growth. It was the first city in the region to form free trade zones two decades ago, and foreign investors have not been shy in setting up their regional operations here. Beyond trade and manufacturing, this now extends to the free trade zones of Dubai Internet and Media cities (and shortly Medical City), giving the emirate a cutting edge technological advantage. Meanwhile investment in tourism has grown by leaps and bounds. With over 50 four and five star hotels in the city, tourism revenue overtook oil revenue as a part of Dubai’s gross domestic product (GDP) for the first time in 2003 – 18% of GDP against 17% GDP for oil. Dubai’s GDP increases an average 7.5% a year.
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Business in Dubai |
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As the leading regional trading hub, Dubai offers access to a market of outstanding potential for overseas companies in a wide range of sectors. Among its key characteristics are:
» A large market - more than $17 billion in domestic imports annually; gateway to a $150 billion p.a., 1.4 billion population regional import market;
» A growing market - Dubai's imports have more than doubled since 1989; regional economic growth and liberalisation is set to boost demand;
» A prosperous market - strategic location at the heart of one of the world's richest regions;
» A diversified market - wide import requirements; opportunities for suppliers of most products;
» An accessible market - served by more than 170 shipping lines and 86 airlines; An open market - no exchange controls, quotas or trade barriers.
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Taxes |
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There are no income or property related taxes of any kind. There are no business taxes except in the banking industry.
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Policy |
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Each emirate in the United Arab Emirates enjoys considerable autonomy in managing its own affairs. In business, the government of Dubai is committed to liberal, free market policies and to the creation of a business environment conducive to commercial activity. This approach is well illustrated by incentives available to investors in the Jebel Ali and Airport Free Zones and by the continuing high level of public sector investment in the infrastructure.
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| [1.92 MB PDF] |
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| What is Freehold? |
| The Government of Dubai has opened the door for purchasing “Freehold” properties in this modern metropolis, making properties in the UAE one of the most secure and worthwhile business investments in the international market. |
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| Why Invest in Dubai? |
| Dubai is the commercial hub of the Middle East, the Financial Gateway of the Gulf, the “hottest” tourist attraction and the most enjoyable family holiday destination in the world. Dubai is a city that combines the traditionalism of the East with the comforts of the West. |
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| Freehold Advantages |
| » | Guaranteed rental yields of 7% offered by developers |
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| » | Mortgages and finance packages offered |
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| » | Excellent Potential of emerging property market |
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| » | Very high specification properties |
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| » | Growing GDP 7-8% per year (Population) |
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| » | Cheap in comparison to global property prices |
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| » | No legal fees |
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| » | No Stamp duty |
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| » | No Survey costs |
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| Concept & Design by Massive Interactive |
