Dubai, being a cultural and trading hub with no trade barriers, hosts an expansive job market for people of all fields of professions. Jobs in Dubai are open for all regardless of geographical boundaries, and applicants’ countries of origin and nationalities. The emirate’s strategic location has helped it attract an overwhelming response from world’s top businesses which now are cashing in on all the incredible trade opportunities Dubai has to offer. The continuous boom in business and trade has laid Dubai’s job market open wide for all with enhanced availability of jobs in Dubai. The last few years have seen a rapid surge in Dubai’s population which is gaining momentum with each passing year. It is estimated that each day up to 800 visas are issued to the new arrivals in Dubai. The emirate’s population, which till date counts 1.6 million, is most likely to touch the 3.5 million mark by the year 2010. And a substantial proportion of this population is made up of expatriates, most of whom plan to make their careers in Dubai and find suitable and well paying jobs in Dubai.

Although Dubai’s job market offers opportunities in all fields, the top business operations in Dubai are the ones that deal with trade, transportation, tourism, distribution, consulting and processing. The hot jobs in Dubai include hotel jobs, accounting jobs and banking jobs. Teaching jobs and sales & marketing jobs in Dubai also constitute a huge market. Construction jobs in Dubai have an even larger market and countless opportunities for the professionals in the field.

Before embarking on a career in Dubai, it’s wise to know the rudiments of employment in Dubai. Fortunately enough, employees in Dubai are well protected by the local labor law. The law covers employees’ complete worklife including working hours, medical care and other benefits, leave, termination rights, and not least, repatriation. There exist no labor unions in Dubai. Foreigners are inducted on contract basis the duration of which varies from business to business. The general rule for vacations allows 21 off days per year throughout the first five years of service, which afterwards becomes 30 off days per year. Normally, there are eight working hours per day or 48 per week. But for people working in hotels, retail trade or other similar organizations, the working hours can exceed to nine daily. The case for difficult or dangerous jobs is different for which workweeks are shorter.

As in most of other Muslim countries, Friday is the Sunday equivalent in Dubai, i.e. the day of rest. Two-shift system prevails in most of the establishments. Weekly working hours are different for Dubai’s government bodies and private companies with the latter working 40-45 hours a week i.e. 10-15 more working hours than the prior. However, in the holy month of Ramadan, working hours are reduced by about two hours a day. Traditionally in Dubai, the weekends have been Thursday afternoons and Fridays, but many businesses have now changed to a 2-day weekend with Friday and Saturday holidays.

So for those who are looking forward to getting a job in Dubai, the task is no difficult, and to one’s satisfaction, the local employment framework meets all the international standards.

Dubai is located in the north east of the United Arab Emirates and is the country’s principal commercial center, chief port and the capital of the state of Dubai. Dubai’s economy was built on the back of the oil industry, which developed rapidly after oil was first struck in the mid 1960s. Dubai has changed dramatically over the last three decades, becoming a major business center with a more dynamic and diversified economy. Dubai enjoys a strategic location and serves as the biggest re-exporting center in the Middle East. The city now has thriving manufacturing, finance, information technology, big choice of Dubai property and tourism sectors and is home to numerous multinational companies such as AT&T, General Motors, Heinz, IBM, Shell, and Sony.

The emirate of Dubai is strategically located between Africa and the Middle East and between the Far East and Europe, making it a gateway to over 1.5 billion consumers located in countries surrounding the Red Sea and the Gulf. It has a superb infrastructure with the consequence that it has become a key link in the global transport and distribution system.

The Dubai economy enjoys a competitive combination of cost, market and environmental advantages that create an ideal and attractive investment climate for local and expatriate businesses alike. In fact, these advantages not only rank Dubai as the Arabian Gulf’s leading multi-purpose business center with luxury Dubai property and regional hub city, but they place it at the forefront of the globe’s, dynamic and emerging market economies.

Dubai, with its ancient commercial and seafaring traditions, has long been recognized as the Middle East region’s leading trading hub and has emerged as its key re-export center. In more recent years, the Emirate has become a major venue for a number of growing, profitable industries and activities:

• Meetings, conferences, exhibitions

• Tourism

• Corporate regional headquarters

• Regional transport, distribution and logistics center

• Banking, finance and insurance

• Business and industrial consulting

• Real estate sector offering various property in Dubai

• Information and Communications Technology

• Light and medium manufacturing

The manufacturing sector in Dubai is very healthy with some of the most important industries including beverages, chemicals, paper, pharmaceuticals and rubber. All the major international accountancy firms have offices in Dubai and the city is also home to dozens of national and locally incorporated international banks. In March 2000, the UAE’s first stock exchange, the Dubai Financial Market was opened. The tourist industry is the fastest growing sector within Dubai’s economy. The number of tourists visiting Dubai has increased dramatically over the last 10 years and many of them make investments in Dubai property, especially with regards to visitors from Western Europe, and the government hopes to attract 10 million tourists a year by 2010. With this in mind, huge investment is being made to develop the city’s hotel, leisure and recreational infrastructure.

In Dubai there are no personal taxes other than import duties (mostly at rates up to 10%), a 5% residential tax assessed on rental value, and a 5% tax on hotel services and entertainment. Dubai’s enormous oil revenues mean that the government has no need to raise income through direct taxation. Accordingly Dubai is a “no tax” emirate characterized by an almost complete absence of taxation. There are no withholding or capital taxes. With the exception of banks and oil companies no corporate income tax is payable by businesses in Dubai. Oil companies pay up to 55% tax on UAE sourced taxable income whereas banks pay 20% tax on taxable income. The taxable income of banks is as per the audited financial statements whereas that of oil companies is as per the concession agreement. Oil companies also pay royalties on production.

After knowing this we can see that Dubai economy growth was very rapid and many factors show that it will grow even more in nearest future.

It is really no surprise that Dubai has become a boom town despite the correction its economy weathered in the wake of the credit crisis of the late 2000’s. This amazing growth is evident in a look at the period following 1990 in which tremendous economic and demographic changes occurred within Dubai and the UAE. This article will outline what some of these developments included and why they happened.

SECTION I: ECONOMIC AND DEMOGRAPHIC DEVELOPMENTS AFTER 1990

Statistically the evidence that Dubai grew a very large amount after 1990 is ample. National population increased by 3.03 million people between 1990-2008 from a 1990 population of “1.59 million (zum.de) to “4.62 million in 2008. (cia.gov). Much of this population growth was centered around Dubai. Moreover, the United Arab Emirates experienced a jump in gross domestic product from $”34 billion in 1990 to 186.8 Billion in 2008. (state.gov)

Moreover, investment in national infrastructure such as logistics also increased, an example being the Dubai Metro rail transit system, numerous industry specific development cities and extensive liberalization of financial services within Dubai’s self regulated financial center. Much of Dubai’s economic growth was assisted by 1) oil reserves that both created a cheap source of energy for desalinization projects, and economic growth and 2) export income. This provided Dubai’s rulers to have a stable source of income in order to fuel forward thinking economic growth.

SECTION II: CAUSES OF DUBAI’S TREMENDOUS GROWTH

*Oil reserves: Up until recently, oil has been a major contributor to Dubai’s success, however it has been more of an economic springboard than a staple resource. This is so primarily to the limited oil reserves Dubai has in relation to other Emirates in the UAE such as Abu Dhabi.

*Property development: The real estate boom in Dubai was unprecedented up until late 2008-2009, after which it continued growth. The Burj Dubai, The Palm Jumeirah, the Burj Al Arab, and many more profound and highly evolved architectural structures captivated tourists and World watchers alike and a massive increase in residential and commercial real estate pointed to a fast expanding Nation-State.

*Tourism: Tourism has been an important part of

Dubai is one of the popular, famous and second largest cities in the seven Emirates of the United Arab Emirates. The city of Dubai has transformed itself from a small fishing village to a dynamic and ambitious cosmopolitan city and an ideal state for investment. Owing to the complete exemption of tax all traders in and around the world prefer to enjoy the unique benefits which are offered for their investments in a property here.
Investors go in for investment in a property in Dubai even before the beginning of construction. Dubai is focusing its attention on trade and tourism. The government of Dubai allowed foreign nationals to go in for investment or own a property in Dubai since 2002. Since the population in Dubai is on constant rise the need for residential property and living space has increased steeply. Jumeriah has been developed in to a luxurious residential center owing to the existence of internet and media city. Dubai Marina Jumeriah and the Palm Jumeriah are some of the few areas which are exclusive and luxurious and good investment opportunities.
Wide and exclusive ranges of investment property are available in Dubai city. The investment in property scene in Dubai is witnessing drastic changes and developments. Non GCC citizens are entitled to investments in a freehold property in several areas. Investors prefer to buy or sell an investment property owing to the high value of appreciation. If one is looking to invest in a property in Dubai, then there are the apartments, studios, villas and independent homes. Minimum of thirty percent returns is assured from investing in a property in Dubai.
Some important upcoming projects in Dubai which are ideal for investments are currently progressing in the locations like Business Bay Executive towers Bay Avenue and the Walk. Investors prefer to go in for investment in a commercial property, as there is an acute demand and shortage. Dubai Financial center and Business Bay have certain plans to meet the growing demand for the commercial property and these are also lucrative investment opportunities.
Investment in Dubai Real Estate genuinely provides satisfaction to the buyers. Mortgage companies in Dubai offer a variety of investment plans which prove to be beneficial to the investors. Investment in a freehold property in Dubai means that the owner is entitled to hold the property under his or her name until death. The owner is also eligible to sell or lease out the investment property according to his or her discretion. The lists of properties for investment Dubai which are available for sale are listed on various web sites.
Emaar properties were the first real estate company to involve themselves in the business of a freehold property. Burj Dubai Golf Towers and Dubai marina are some of the freehold properties which are good investment options and are available for sale. Al Nakheel property is another real estate company which belongs to the government. It is one among the leading real estate company in the city and offers good investment ideas to prospective clients wanting to purchase a property.

Located on the southern coast of Persian or Arabian Gulf, Dubai is the 2nd largest of the seven emirates that constitute United Arab Emirates. Dubai has a population of 1.35 million inhabitants of which majority consist of expatriates. Dubai has the biggest population among other cities of UAE. Major parts of Dubai consist of rolling sand dunes. During the last few decades, Dubai has experienced a hasty development in every field of life. Twenty years back and you would find Dubai, a city inhabited by itinerant Bedouin roving across with their flocks and herds. Today, Dubai has become one of the most modern cities in the world. With the continued boom in industry sectors such as tourism industry and Dubai Property industry, Dubai has fast become the center of attraction for millions of people and businessman around the globe.

To some extent, Dubai is little different from rest of six Emirates of UAE. Unlike other Emirates, revenues from oil products contribute only 6% of the Gross Domestic Products of Dubai. The major contributors in its GDP are the tourism sector and the real estate sector. Later has gain a significant importance in the economical growth of Dubai. Today Dubai proudly holds some of the tallest skyscrapers in the world.

With nonpareil facilities and lifestyle on offer in Dubai, many people are planning to make Dubai as their second home. Some are even planning to relocate their. This has resulted in an increase in the property demand in Dubai. The increase in the demand of residential Real Estate UAE has forced the hike in price for properties in Dubai. With the announcement of new laws for property in Dubai, Dubai has able to magnetize many property investors around the globe. According to AME Info (leading press release website about Middle East), a massive investment of USD 4 billion has been committed in the Dubai property market since the passing of new laws for property in Dubai.

Dubai Investment Fund has planned to broaden the horizons of property investment across the following three branches of Dubai property market.

• Commercial Property in Dubai

• Industrial Property in Dubai

• Residential Property in Dubai

DIF has aimed about 15 to 20% annual growth in the investment funds for Dubai property sector. One of the major developments in UAE Economy market has been the announcement of new Dubai Freehold Property Zones. Expatriates can own property in Dubai in these zones either on permanent basis or on the basis of 99 years lease. This factor has significantly intensified the Dubai property market. All of a sudden, Dubai property market converted from an average local market into a full of activity international market. With matchless lifestyle Dubai has now become the heaven for millions of people in quest of a trendy and out of this world lifestyle.

The Dubai property prices have shown a significant upward trend during the last few years. Dubai property market has seen a 40% increase in the rental price against the property for rent in Dubai during the first six months of 2005. The price of property for sale in Dubai has also seen an increase between 20 to 50% during 2006. According to many real estate experts, this is the best time to invest in Dubai property market as prices are set to see more heights during the upcoming years with ever increasing property demands. Many investors are turning to invest in Dubai property market to take home their share of benefits that Dubai property market has on offer for its investors. There is a lot of profit on offer in Dubai property market if you can play your cards well. All one needs is the careful survey of Dubai property market.

Infrastructure Development Ajman as niche residential and tourism destination

Ajman Investment and Development Authority, one of the seven states making up the United Arab Emirates, developing its Dubai Property Listings real-estate potential and its first project Ajman 1, which will herald its transformation into a niche residential and tourism destination.

The vision of Development Company’s to transform the emirate into a popular world-destination for both tourism and business, by quality residential and commercial projects.

The real-estate and property development company created in 2004 – will oversee Ajman 1’st Investment in Dubai Real Estate development. One of the UAE’s largest property services companies, to handle the project’s sales.

Ajman Real Estate Investors buying into the 12 freehold residential towers, which will be built on a podium structure allowing up to four storey of car parking underneath, will have Residence Visa UAE automatically issued as part of the sales process.

Ajman 1 will be the first of many projects being developed. This is a major step forward for Ajman. A solid Consultant Dubai Investment Property is being implemented that focuses strongly on road development to improve connections with neighboring emirates Real Estate in Dubai.

It is important to make sure that the latter elements are not overlooked or rushed, as this will only cause problems in the future. Concise planning is essential, and this is how we are operating. Ajman is symbolic of create an alternative gateway for business and budget apartments UAE. Ajman is a physical demonstration of the emirates of budget apartments in Dubai.

Ajman which will be developed in two phases, with Consultant Dubai Investment Property due to begin in the first quarter of next year. Plot will be a seamless fusion of residential, commercial, hospitality and lifestyle elements.

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Grown out of desert into a bustling metropolis in less than a couple of decades, Dubai has seen an astounding multidimensional growth and is now the world’s financial and trade capital. The city offers a no-trade-barriers business environment so businesses from around the globe, regardless of their type and size, are not dallying in moving to this trade heaven. The architectural development in Dubai is unstoppably going on at a pace faster than any other developed city of the world. The population of the city continues to grow boundlessly and a big segment of Dubai’s populace consists of expats doing or looking for a job in Dubai.

All these factors have collectively laid Dubai job market open wide for people from virtually all fields of profession. As the boom in Dubai’s architectural development continues, construction jobs in Dubai are abound and civil engineers are always in demand. There’s also a vast job market for professionals in related fields such as CAD experts, electrical engineers, lighting engineers, interior designers/decorators, experts in public health etc. The continuous and matchless urbanization and commercialization of Dubai is set to open new avenues in careers for professionals of all domains.

Flourishing tourism in Dubai and the city’s status of a business hub attracts hundreds of thousands of regular and occasional visitors, triggering a boom in the city’s hotel industry. There are hundreds of hotel jobs in Dubai available for professionals in the related sector. IT and marketing jobs in Dubai are also springing up with the city’s expansion in new dimensions. Other top ranking Dubai jobs include banking jobs and accounting jobs besides jobs in business operations that deal with trade, tourism, hospitality, transportation and consulting.

As a result of increase in Dubai’s populations, newer demands are emerging to meet which, Dubai requires a huge human resource. There are new academic institutions springing up in Dubai and many international institutions are also moving to Dubai to meet the city’s demand for education. So teaching jobs in Dubai are also plentiful and the city welcomes expert academics from around the world.

In so much vast a job market like Dubai’s, it’s not hard to find a job in Dubai. One easy way to find the right job for you is through Dubai classifieds both online and in print. Yet easier is to visit online Dubai job portals which give you complete details of the job along with job description, requirements and packages etc.

The recent history of Dubai has seen a fascinating transition from regional trading port to the city of the future which we see today. Where once sand and desert lay, Dubai is now one of the worlds most futuristic and progressive cities with one of the world’s most active real estate markets.

The main turning point for the Dubai property market was in 2002, when it was made legal for foreign nationals to own property in Dubai on a freehold basis, something which was not previously available. An integral part of Sheikh Maktoums ‘Vision of Dubai’ this change in real estate legislation was seen as an active encouragement to the international investment community, who took up the offer in considerable numbers. In 2006, the changes of the land law in the Emirate allowed foreign nationals the right to register their freehold property which proved to be a genuine catalyst to large amounts of investment into the Dubai property market.

As well as the changes to real estate legislation, the authorities in Dubai have looked to attract considerable overseas corporate investment in the region via the creation of a highly attractive set of commercial incentives. The creation of these free trade zone environments proved highly successful, and resulted in large numbers of companies relocating to Dubai to advantage of the favourable taxation and trading environments on offer in the emirate. Today, there are over 20 world-class free zones in Dubai including the Jebel Ali free zone and Dubai Media and Internet City. These free trade zones offer companies relocating to Dubai a range of commercial benefits including 100% foreign ownership, 100% corporate taxation exemption and 100% import and export taxation exemptions.

The result of the increasing popularity of Dubai, both in tourism and as a commercial trading environment, has inevitably resulted in a large increase in the population. Today, over 1.5 million people live and work in the emirate, which has only served to increase the demand for all types of property in Dubai, both on a short term and long term basis.

The changes to the Dubai property legislation, coupled with an aggressive pro-tourism approach saw the demand for property in Dubai increase considerably. Today, investment property in Dubai is still highly sought-after, with investors looking to capitalise on the strong potential for long term growth in the emirate.

So where does the future lie for property in Dubai? At present this is a much debated topic, with many people pointing to a cooling of the economy at the turn by 2010 as more new real estate comes online in Dubai. Outside of this however, many other indicators seem to be pointing towards an increasing growth in the region, as the developments in the infrastructure allow for increasing numbers of residents and tourists.

Today, there is an exceptionally strong market for property in Dubai, and assuming that investors carry out the appropriate ‘due diligence’ on their property investment, it is highly likely that Dubai will deliver strong returns for many years to come.

Dubai is emerging as the one of the most important cities of the world. The city’s gross domestic product was calculated at $46 billion in 2006. Dubai’s economy is backed by rich oil deposits, which was discovered in 1960’s. Since then the city is making its mark and making considerable progress in other sectors as well. According to recent reports, oil constitutes only 10% of the city’s total GDP, which shows the increasing shares of other sectors too. Areas including manufacturing, tourism, finance, and information technology are also developed rapidly in the recent years.

Manufacturing has been a significant role in Dubai’s economy. It homes some of the major industries including rubber, beverages, chemicals, paper and pharmaceuticals. Multinational corporations including Sony, Heinz, IBM, Shell, General Motors and AT&T have their corporate offices in Dubai. Major financial institutions and firms establish their working office Dubai. It is estimated that the growth rate of the financial market is around 12 percent per annum and likely to continue at the same pace. Moreover, banking sector also looks promising and showing positive growth rate in Dubai.

Tourism sector has a pivotal role to play in Dubai’s economy. The increasing attractions and activities have encouraged millions of people around the world to visit the city. Growing number of luxurious hotels, skyscrapers, shopping malls, water parks and museum have given a competitive edge to the city.

Dubai Information Technology market has grown rapidly in the last few years. The government has built the Dubai Internet City to give priority to information technology companies. The government has also provided tax exemption and 100% foreign ownership to many multinationals to attract foreign investment in Property Dubai.

The market for property in Dubai is being continually supported by the city’s tourism industry, which is pursuing consistent innovation in regard to its hotels, according to reports.
So far in 2006, seven new four and five-star hotels have been constructed and there are further plans for diversification as consumer demand for travel in the region grows, Travelmole.com reports.
There were 191 hotels in Dubai in 1994, this increased to 302 hotels and 108 hotel apartments, offering 38,608 rooms, in the first quarter of 2006.

Between 2010 and 2016, the number of available rooms and apartments is expected to reach 86,600, more than double the 41,500 predicted for the end of this year.
Commenting on the success of the city’s tourism market, Baerbel Kirchner of the Dubai Department of Tourism and Commerce Marketing, said: “As anticipated, Dubai is in the fortunate position of having seen a very strong increase in visitor arrivals over the last ten years. For four years the UK has emerged as Dubai’s top market, with strong growth 13 per cent in 2005 when over 680,000 British guests arrived in the emirate.”
This growth in the tourism industry will offer substantial support to the Dubai property market, as it has been widely proven that many property investors buy real estate in areas where they have taken holidays.
According to a recent study by research group Inside Track, 45 per cent of UK adults travelling abroad spend an average of one hour and 25 minutes considering local property listings.
The economic boom that is taking place in the United Arab Emirates since 2002 has been particularly evident in the Dubai property market, with over 100,000 British people investing there in the past four years, reports claim.
The market is currently believed to favour people looking to own a home abroad and receive steady returns on their investment.

Rental yields in the Dubai property market are between seven and ten per cent at present, compared to three to four per cent annually in the UK.