For the second time in a row, Wild Discovery Tourism and Holidays LLC was an exhibitor at the 2007 Dubai Arabian Travel Market, the world’s biggest Middle East specific ravel trade exhibition. The Lebanese Tour Operator promoted its growing network of travel agencies in Beirut, Damascus and Dubai, all offering inbound and outbound operations. As this year celebrates its ten-year anniversary, Wild Discovery would also like to announce the launching of its new summer 2007 holiday brochure, offering a great and vast selection of travel packages worldwide.

For the second time in a row, Wild Discovery Tourism and Holidays LLC was an exhibitor at the 2007 Dubai Arabian Travel Market, the world’s biggest Middle East specific ravel trade exhibition. The Lebanese Tour Operator promoted its growing network of travel agencies in Beirut, Damascus and Dubai, all offering inbound and outbound operations. As this year celebrates its ten-year anniversary, Wild Discovery would also like to announce the launching of its new summer 2007 holiday brochure, offering a great and vast selection of travel packages worldwide.

www.wilddiscovery.com.lb

www.wilddiscoverysyria.com

www.wilddiscovery.ae

Dubai is a safe and secure destination even with the situations in Iraq and terrorism events in other Middle East locations. Despite the various problems of close countries, Dubai has earned a reputation of world’s safest destination.

In Dubai everyone can find something to do. New exciting experiences are available for the active tourist and the one seeking for a spot away from the crowds can have a relaxing break too.

A synonym with visiting the United Arab Emirates and Dubai is the duty-free shopping. All airports have their own duty-free shops but the largest and particularly famous are at Abu Dhabi. Recognized as probably one of the best duty-free in the world, Dubai might even be the best. With a spectacular design, the shopping complex in the central foyer of the new concourse has almost an infinite range of products and is a unique shopping experience. The Dubai duty-free shopping center provides a great range of cosmetics, perfumery, jewelry, electronic goods, music and tobacco goods and a lot more.

Dubai city shows a predominant modern face, the skyline is going through never ending developments. You will be impressed by glass towers and at the same time spot great modern buildings that show impressive traditional Arabian architecture, motifs and features.

There is a project to develop a theme park for the Middle East that will be similar to Disneyland, this park includes a huge water resort that will be unique in the region being very large.

The water resort is called Aqua Dubai and will add good value to Dubai land, which is the regions greatest tourism, leisure and entertainment development. Dubai land provides the best water-based facilities in the Middle East and it’s probably one of the best in the world

The theme park consists of a variety of different developments that range from aviation and motor racing to Arabian themed sites, pharaohs sites, snow world and dinosaur world.

Being in a good location, Dubai is quite an easy, accessible, destination for your holiday. About ninety airlines provide flights to Dubai from over 130 cities around the world. By airline, Dubai is seven hours away from London, six hours from Frankfurt, eleven from Seoul and eight from Hong Kong. The Dubai International Airport is one of the world’s leading transit centers, with it’s modern and efficient immigration.

Some doomsayers are warning that the property boom in is now over, thanks to an oversupply of property in Dubai. While this may indeed be the case across some parts of the emirate, certainly as far as apartments are concerned, overall demand for property in Dubai, which initially stimulated international appetite for UAE real estate, reportedly continues to outstrip supply.

Property in Dubai has witnessed robust growth over the past few years, since the Dubai government developed a strategy aimed at encouraging foreign investment, supported by the liberalisation of foreign freehold ownership of property in Dubai.

The decree was officially issued by the then Crown Prince, Sheikh Mohammed bin Rashid al Maktoum in 2002, and stems from the emirate’s desire to reduce its reliance on oil, and to diversify its economy into the financial services and tourism sectors.

With prices of property in Dubai generally low and payment terms rather favourable, the government sparked a wave of mass investment in property in Dubai from investors from all around the world. This in turn led to increasing levels of new developments and regeneration. In fact, the plans for the emirate are truly remarkable and the state’s pockets are seemingly bottomless.

Dubai’s awesome skyline is rapidly expanding, as it is one of the fastest growing cities in the world – a true global hub for large businesses. The volume of investments in new property in Dubai is expected to reach well in excess of £100 billion by 2020.

Capital growth
Prices of property in Dubai have appreciated significantly over the past few years, as demand has far exceeded supply. This has typically attracted a surge of speculators – many of which have traded in off-plan property in Dubai – buying and selling title deeds, long before ground has even broken on a new development, otherwise referred to as ‘flipping’. This is not uncommon in an emerging market, as it can prove to be a highly lucrative, high risk, way of making money.

Average prices of property in Dubai’s ‘Marina Terrace’, for example, constructed by Damac, have appreciated by well in excess of 200 per cent since the development was launched in 2002. Residential units in ‘The Waves’, also located in Dubai Marina, have appreciated by over 160 per cent per cent since its launch, also in 2002.

Cluttons Middle East reports that the average price of property in Dubai stood at between £90 to 100 per square foot in 2004. Today, that figure stands at close to £250 per square foot.

Alex Upson of Cluttons Middle East says: “A one-bedroom apartment in The Greens sold by the developer in 2004 for approx £75,000. Today the same unit changes hands at £250,000.”

Although capital growth has now generally slowed, average prices of property in Dubai continue to grow at an impressive rate, currently appreciating at annual rate of around 15 per cent per year, according to Middle East business provider, AME Info.
However, with so many off-plan projects now nearing completion, there is a genuine fear that there may soon be an oversupply of property in Dubai and that the phenomenal level of growth recorded in the past cannot be sustained.

Not so, according to some market experts. “Investors who enter the market now will be able to snap up a property in Dubai for far less than if they wait until a later date, says an AME spokesperson. “Furthermore, buying property in Dubai early will allow owners to enjoy considerable capital appreciation.

“Sitting on an asset that is rising in value makes obvious sense. The boom in property in Dubai is far from over, as all the drivers of growth in the market are firmly in place”

Upson supports these views, adding that the residential market remains “very active”, due to growing demand for property in Dubai from end-users. “If buyers are looking for growth then current demand appears to be exceeding supply and prices continue to rise,” he says. “However, we urge caution and always recommend thorough research into comparable property prices and developer history. Delays in delivery should be expected.”

Construction delays are one of the biggest risk factors of buying property in Dubai. Earlier this year Middle East developer Rakaa Properties estimated that 40 per cent, or $160 billion (£79.5 billion) worth of total construction projects in Dubai have so far been suspended, due to rising material costs, which in part is fuelling soaring inflation levels. Construction delays are also holding up the supply of property in Dubai, which could very well culminate in further capital growth over the coming years.

In fact, 57,000 properties in Dubai were due for completion last year, and yet only 11,000 residential units were actually delivered, according to Peter Riddoch of Damac Properties.

Nevertheless, the volume of land being purchased in the emirate is increasing – up 170 per cent in 2007 to reach $48 billion (£24billion), illustrating the fact that there are plenty more developments in the pipeline. Much of this land is being purchased by Britons, who are now the leading foreign owners of land in Dubai, according to a report compiled by the Dubai Land Department.

Major developments
Nakheel, which is currently constructing The World, among other projects, has announced that it plans to build the ‘Universe’. The project, which will be situated off the coast of Dubai, in between Palm Deira and Palm Jumeirah, will take up to 20 years to construct.

Other spectacular projects recently announced or already under construction, include the £395 million Palazzo Versace, Trump International Hotel & Tower on Palm Jumeirah, and the world’s first rotating tower, the latter scheme, an 80-storey skyscraper, will see each floor spin around a central core, offering residents an ever-shifting view of the Persian Gulf.

Buy-to-let
Anyone wishing to invest in buy-to-let property in Dubai should expect to achieve an annual rental yield of eight to ten per cent, according to Riddoch. However, investors in rental property in Dubai should avoid prime developments, as they tend to offer relatively low rental returns.

The greatest returns from rental property in Dubai can be found in The Palm Jumeirah and Old Town Burj Dubai, according to UAE estate agency Asteco. However, the largest rental increases are being recorded in the cheaper areas in and around International City. Comparable data shows that the greatest annual rental increase of property in Dubai has been recorded in International City, where average two-bedroom apartments have appreciated by 36 per cent year-on-year.

The declining cost of finance to buy a property in Dubai could yet boost the market further. This is because the UAE Dirham (AED) is fixed to the US dollar, which means that the currencies do not fluctuate against each other and remain fixed at one value. Consequently, the UAE Central Bank has to follow US interest rates, which currently stands at 2.25 per cent. This effectively devalues the local currency, it also lowers the cost of borowing money to buy property in Dubai, which can lead to higher property investment returns.

Moving forward it’s almost impossible to forecast what will happen to the market for property in Dubai. The sheer volume of new homes coming onto the market suggests that it’s not long until there is an oversupply of property in Dubai, if not already the case. However, the emirate has one of the fastest growing populations in the world.

It’s reported that up to 857 people are moving to Dubai every day, totalling some 5,000 per week. In fact, Peter Riddoch of Damac Properties estimates that around 60,000 people will be looking to purchase property in Dubai this year. He also reports that Dubai’s workforce, which currently stands at around two million will grow to around five million by 2015, undeterred by the likely introduction of VAT next year.

One thing is for sure – Dubai will keep growing.

Dubai is a city growing day on day. Over the past twenty years it has tripled in size with no end in sight to its growth. Martha Camarillo, travel correspondent for Travel and Leisure commented, “The scale and volume of construction dwarfs humanity. Looking up at the rising skyline from any given intersection, you feel a rush of sci-fi vertigo.”

Dubai has caught the eye of the entire world over the past ten years with massive investment and grandiose construction feeding a burgeoning tourist trade and continuing economic bloom. Benefiting from rises in oil prices like no other country, and helped by a lack of government intervention and tax-free environment, Dubai’s Black Gold has fuelled massive developments including man-made islands, luxury hotels, multi-purpose resorts, shopping malls and sports complexes.

Recently, the city has seen a mass influx of people moving to the desert, drawn by its free market economy and the promise of year-round sunshine. But Dubai is still massively under-populated meaning it’s an attractive site for both investment and a place to live. Aside from its oil exports it’s the emphasis on resort tourism that has further fuelled the blossoming economy. And finance experts believe the growth is sustainable, predicting many years to come of financial prosperity.

The Financial Times commented that Dubai represented “time and time again, what can be achieved when oil resources are invested wisely.” They went on to say however, “the city’s growth is no longer dependent on natural resources. In 2003, tourism overtook oil revenues as the prime source of income. Dubai’s annual gross domestic product is now approaching US $20 billion, with annual foreign direct investment inflows of more than US $2 billion.”

The city’s diverse designs and rampant construction work is largely due to the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, ruler of Dubai and Vice President of the United Arab Emirates. His family owns the emirate and he is at the top of all development that goes on in Dubai. The city’s ever-changing skyline, futuristic innovations, and growing scale is down to Sheikh Mohammed’s unending riches and his whimsical belief that construction holds no boundaries, both metaphorically and geographically.

Already nearing completion are two of his dreams made reality. Palm Jumeirah is an artificial island created using sand dredged from the sea bed. The island is formed to look like a giant palm tree when viewed from the

Dubai’s economic growth has taken the world by storm. Despite the recent slowdown in the US economy, a skyrocketing petroleum cost and a dampening outlook across most of the world commerce, Dubai’s growth continues to baffle most media experts and industry watchers. What makes this story even creamier is the handsome dividends Dubai’s real estate has been able to offer to its investors over the last few years. Expatriates living in Dubai form roughly 80% of the whole population. This, coupled with a large number of tourist arrivals, makes Dubai’s real estate a cash churning machine. Be it major construction giants or individuals buyers hoping to buy luxurious villas and self-catering apartments, Dubai has been able to offer each of them with a place of right aura.

Thanks mainly due to a visionary Al Maktoum family, which came to power in 1883; Dubai’s economy has continued to grow despite of so many economic turbulences it had to go through since the World War II. Steps initiated by the Al Maktoums have made Dubai’s oil returns inconsequential in the era of globalization. The emirate’s GDP chiefly gets sourced from its free trade zones and tourism infrastructure instead. Most decisions taken by the successive rulers have been prompt and executed in a timely fashion. This made Dubai sellable and a growth-friendly area for carrying out business over the years. Global business partners, large FDIs and a highly skilled workforce have kept pouring in despite of the occasional negative clues from other economies. Recently, the government agreed to allow the outsiders to have a freehold property right. This wasn’t the scenario until now. As a result, one could buy self catering apartments, Dubai villas and other freehold properties, if they wished today.

Dubai’s growing reputation as a city of many firsts in the world of architecture has given more colors to its overall charm. From the very first seven star hotel, Burj Al Arab, to the now under construction the tallest building of the world, Burj Dubai, the city continues to house many of today’s world landmarks. As a result, tourists flock in large numbers to have a glimpse of this urban excitement each year. Summer used to be a holiday season earlier, but no more now. Year long fun, food and cultural fiestas – apart from the usual retail madness – make Dubai a place of joy and celebrations throughout the year. No need of underlining why self catering apartments, Dubai villas and similar other freehold properties could be a great investment offer in today’s scenario.

Many buy self catering apartments, Dubai villas and other freehold properties to have a place for vacationing when they may like doing it. Many others simply buy to rent them out to other holidaymakers. Rentals can be a great way for making money from this emirate. They can prove out to be a headache for those paying rents, and a great monetary reward for those receiving sums. Dubai’s rentals are among the most expensive ones in today’s times. They may give jitters to tenants, and a pleasant smile to property owners. Homes could be sold at a premium after a few years, since the real estate would continue to sore in Dubai in the years to follow. These aspects lead to many foreigners and expatriates buying freehold properties in Dubai as a way of making money. It’s a win-win option for those who know how turbulent times they were living in in a highly globalized world.

In the real estate industry, Dubai is seen as a prime target for investment purposes. In fact, real estates in Dubai have consistently grown at 20% annually, compared to other places where constant fluctuations are the order of the day. Even otherwise, the tradition of re-selling makes investment in real estates in Dubai a tempting offer. Dubai is such a place where people find the placidity of a desert, and the flurry associated with packed places. With all the technology and infrastructure at its disposal, Dubai has turned out to be a big commercial hub. In fact the areas in the Middle East are the best in business. The climate of Dubai is tropical, and a rare combination of the older and the newer generation can be found here.
Investment opportunities in Dubai are many, a few among them being reservations, exchanges, properties, and managing these properties. In fact, when it comes to properties, the various options available are holiday homes, commercial towers, residential properties, and many other opportunities for investment purpose. With the newest facilities, the living standard at Dubai is the highest compared to the rest of the world.
You can invest in Dubai’s real estate even though you may not ordinarily reside in the United Arab Emirates. Overseas buyers are finding it very easy to buy residential properties in Dubai. Due to the fact that Dubai excels when it comes to the tourism industry, many people are benefiting from the many incredible opportunities for investment available in Dubai. In fact, the booming tourism industry is a primary reason for the popularity of Dubai. Apart from the rental earnings from properties let out, you can buy properties for your private purposes as well. But before considering the purchase of properties in Dubai, get to know a few facts.
First, visit Dubai to get a clear idea of what is there on offer. Just going by someone’s recommendation will not help, and you will need to evaluate things yourself. Besides, this will increase your awareness about the lifestyle in Dubai which is very important. So make sure that you visit Dubai personally before investing in real estate here.
The concern of mortgage in Dubai also needs to be understood. It is very much possible to mortgage in Dubai even though you may not be a UAE resident. Barclays, HSBC and other international banks take care of these issues, but ensure to have a look at the restrictions imposed. But given that the situation of mortgaging has only improved, this cannot pose much of a problem.
There is another aspect that needs consideration, which is renting properties in Dubai. Emaar has recently banned short term lets on properties in order to keep down the bottlenecks to the development of those properties. However, this is applicably only to properties of Emaar, and short term means a period of less than half a year. So if you are considering buying properties for rental purpose, then by avoiding properties of Emaar, you will surely get good deals!
It has thus become clear that investment in Dubai is really a great opportunity and should never be looked down upon.

In 1966, the United Arab Emirates discovered oil, after which a period of rapid expansion and development that set up the fundamentals for today’s modern society. The oil revenue in Dubai has been wisely spent on infrastructure and to further promote Dubai.

In the early 1970s, a 5 Billion dollar commercial harbour for oil and other such large vessels was design and constructed. The Jebel Ali harbour was the first of the innovative, visionary construction that would usher Dubai to its current level as a global player in the property market.

In 1985, Dubai made the most of its strategic position in the Eastern world by offering “Free Zones” to international companies to set up offices and use tax-free Dubai as the centre of their Middle Eastern operations.

The UAE and Dubai in particular has never been involved in any conflict whatsoever. It is of no wonder that in this immensely diverse and harmonious population is in fact crime-free. Dubai has even been voted by Interpol as the safest destination in the world for four years running.

In spite of the huge demand for properties in Dubai from the international community, property prices are still lower than other major cities. According to property trend analysts, Dubai properties have been known to sell ‘3, 4 or even 5 times at profit over a two-year period. Some Villas on the Palm Jumeirah are now selling at over 200% Premium!’

A major drawing card for Dubai must be the fact that there is zero capital gains tax, stamp duty or VAT, allowing for genuine returns from investment.

It is only in the last 2 years that legislation has come into place to permit the purchase of freehold property by non Dubai Nationals.

An example of the rapid rate at which property in Dubai is being snatched up can be clearly seen by the fact that upon release, the first Palm Jumeirah (Jum-er-a) sold 4000 units in 4 days. Agents in Dubai (without Promotion) took 10,000 reservations against 4000 units.

The government has intervened for the past three years to prevent the aggressive rental market spiralling out of control, thus avoiding unsustainable inflation in the economy. The current rent cap is 5%.

“The projected expansion in Dubai’s population will create demand for more than 43,000 additional residential units annually through to 2010”, according to the Dubai Chamber of Commerce and Industry (DCCI)”.

There are numerous projections expected in Dubai, these include:

** Dubai Healthcare City will employ around 20,000 staff

** Dubailand will be home to 300,000 employees

** Halliburton will employ over 45,000 employees across 70 countries), whilst moving their Corporate HQ from Houston to Dubai

** Dubai World Central will have one million employees in total

** The current population of 1.6 million is set to double to 3million by 2010, of which 75% will be ex-pats

** Tourism is expected to triple over the next 5 years to 15million from 2005 to 2010

The fact that Dubai is a tax free society, with zero stamp duty, zero capital gains and income tax is a major factor in businesses seeking to relocate to Dubai.

Another positive factor in Dubai is the fact that Economic growth ranks amongst the highest in the world. This is fuelled by the every increasing growth in Dubai’s property market, the current figures indicating a growth of between 20-50% per annum.

The rapid property market growth can in large be due to the 40+ Billion USD invested by government in Dubai’s Real Estate.

As Dubai boasts easy accessibility to Asia, The Middle East and Europe, international investors are clambering to be the first in line to acquire accommodation in Dubai.

Dubai welcomes, on average 857 new residents arrive daily, although inflation has accelerated to 10.1% in 2007 (UK was approx 4.2%), this has not stopped the influx of people flocking to Dubai.

Dubai and Dubai PropertyHaving established itself as the trading capital of the area, Dubai has recently been branching out into tourism and is attracting a great deal of interest from the more technology based blue chip companies of the world. The city has so much to offer that it is difficult to know where to begin, with deserts surrounding the outskirts of the great city, to the mountains in the east, yet the central area is awash with the most up to date hospitals, schools and office buildings you could ever wish to see. This is an area where the ultra rich are only a stones throw from desperate poverty, where the most traditional of Islam cultures mix with the western world.Property in DubaiThis in turn caused a boom in the Dubai property market, which had already been buoyant for some time. The boom was further encouraged by some of the most state- of-the-art infrastructure and facilities spread across the mass that is Dubai. For many they are experiencing a standard of living unsurpassed anywhere else in the world, a place where money is free flowing and employment opportunities are many.In contrast to the surrounding states and countries, Dubai has one of the most stable of political and economic environments, in an area often blighted by conflict and controversy. This has encouraged more investors into the area, although the possibility of obtaining a valuable 10 – 15 year visa when purchasing a property is a further attraction. The great western tradition of mortgage finance has also entered the Dubai way of life, with 10 – 15 year mortgages now readily available.Dubai Investment PropertyThe tax laws in Dubai are in stark contrast to the major cities of the world, with no local, corporate of sales tax. This has encouraged some of the highest standard skilled workers to the area, which has attracted yet more foreign companies to set up. The growth in the tourism industry of Dubai has been phenomenal with the 3.4 million visitors in 2001 expected to rise to over 6 million in 2010 – from a standing start the area is becoming a magnet for overseas visitors.The Future for Dubai propertiesAs the economy continues to prosper, and the unique tax laws continue to attract the best of the skilled worker from around the world, the demand for property and further investment in the area is assured. Dubai is a fairly unique situation which while expanding aggressively, still manages to retain a property supply and demand ratio in favour of demand, thus ensuring a buoyant market for Dubai properties.

A growing economy, low interest rates and a stable government offer the perfect scenario for further economic growth. Dubai is a truly unique area of the World, which continues to prosper.

Dubai is well known for the real estate developments occurring here and also for the most innovative technologies and concepts implemented for it’s developments. Investing in Dubai’s real estate sector is considered to be safer and most lucrative way to double your money.

Reason behind the sudden growth in Dubai real estate sector is the changes in laws made by Dubai government, which allows foreigners to own, rent out and sell properties in Dubai. Some of the real estate development companies are offering habitation visa for those who purchase properties from them. Several multi national companies are now setting up their branches in Dubai, which in turn made Dubai an excellent job market for professional and skilled works around the world. More people attracted towards Dubai due to it’s attractively high and tax free salary and have created an huge demand for accommodation and office spaces. Laws in Dubai related to real estate are very clear and formalities are very minimal.

Dubai offers something for every visitor due to diversity of it’s attractions .Tourism is an important component of Dubai economy. The city has a clean and safe street and an excellent

Dubai has become shopper’s paradise beacuse of it’s open port policy with low import duties and superb logistic facilities. Dubai has world class facity for exhibition and conference, it hosts many international events and exhibitions. The Realestate sector in Dubai is witnessing massive activity in the form of investments from private, public organizations which includes world’s tallest building, largest amusement park, largest man made islands etc.

Dubai’s real estate sector is growing day-by-day. Now Dubai has started breaking it’s own records by introducing more innovative and ground breaking projects.

The UAE’s answer to Silicon Valley, Dubai Internet City (DIC) has earned itself a prestigious place in history as the world’s first complete Information Technology and Telecommunications center to be constructed inside a free trade zone.

The Vision Behind the City

Wanting to establish itself as the information technology hub in the region, DIC was created in an audacious attempt to attract international technology companies to the UAE and the rest is history!

The phenomenal success story that followed the creation of Dubai Internet City is unprecedented. Some of the 200 giant international conglomerates already licensed in the DIC include Compaq, Microsoft, Cisco, Intel, Oracle and IBM. Most of these corporations are moving their entire regional headquarters and projects to this newly established high-tech Internet City.

The fact that so many reputed conglomerates have already set up base here has sent several other companies from all over the world clamoring to claim a space of their own.

The Driving Force

As with so many of the other successful property development projects, credit for this ambitious and innovative project goes to Dubai’s Crown Prince and Minister of Defense, Sheikh Mohammed Bin Rashid Al Maktoum.

An astute businessman one of the UAE’s most successful entrepreneurs, Sheikh Mohammed Bin Rashid Al Maktoum has been the driving force behind the transformation of Dubai from a barren desert town to the leading trade and tourism destination in the eastern Arab world. Establishing Dubai as the leading Information Technology center is another successful notch under his belt.

Laying the Foundation For The Success Story

Business-friendly, family-friendly, stable and with the best infrastructure for commerce in the whole of the Middle East, Dubai city itself is the perfect setting for the new Internet City. It is supported by a skilled work force that is made up of professionals from over 70 different countries.

Acknowledged as the world’s first free trade zone for e-commerce, some of the noteworthy features of Dubai Internet City include:

- 100% tax exemptions

- 100% foreign ownership

- Protection for intellectual property rights

- State-of-the art networks and connectivity

- Research and development centre

- Exhibition facilities

- Science and Technology park

- Crime-free environment

- Hassle-free environment

With the proposed Internet University, Dubai Internet City will have achieved another ‘first’ in a long line of many.

The Layout of Dubai Internet City

A profusion of lush, colorful gardens that surround every building does much to soften the harsh desert atmosphere and add a charming campus environment to Dubai Internet City. If you did not already know it, you’d never believe that this thriving, well-tended landscape comprising verdant lawns, cerulean lakes and colorful flowers was entirely man-made.

It does not matter however; what matters is that it serves the purpose. In the words of Rowland Griffiths, Cisco’s regional director, “When you look out of the window and see green grass and lakes it gives you a nice feeling just to come to work.”

Dubai Internet City – Placing Dubai Firmly On the Technology Map

A growing demand by businesses striving to enhance their efficiency and productivity and also by Arab governments keen to upgrade their outdated systems, Dubai Internet City has placed Dubai firmly on the world technology map.