You can get everything in Dubai, from fantastic tourist sites to brilliant business opportunities, magnificent skyscrapers, ultra elegant hotels, and impressive shopping malls. Dubai certainly is an egressing city of the modern world. Situated on the northeast coast of the UAE, Dubai is really a magnet for tourists, particularly those looking for luxurious & prosperous lifestyle.

Dubai – one of the seven emirates constituting the United Arab Emirates (UAE) in the eastern Arabian Peninsula – definitely is a city wallowing in wealth. It is a major commercial hub in the Middle East. The Middle Eastern gem, Dubai is now progressing fast to stand among the major financial centers of the world. After the crown prince’s commitment to allow foreign nationals to own a property within the emirate, Dubai is very much on its way to be a fantastic metropolis of the world.

Consequently, the economic growth of the emirate is gaining momentum year upon year. According to a statement from the Dubai Department of Economic Development, Dubai’s economy grew around 16% in 2005 and is estimated to reach AED136 billion. Dubai is currently one of the fastest growing economies in the world with a growth rate of 8.5 per cent.

Dubai certainly has become hot destination for investors. Offering numerous investment opportunities, Dubai has been attracting investors from all over the globe. You too should consider investing in Dubai. Here are some reasons, why you should invest in Dubai.

Dubai is a major trading hub of the Middle East. It has in fact been acknowledged as an international business centre. It has now become an international business and re-export centre. It has really turned highly diversified international business centre of global significance, with lots of investment opportunities. You should invest in Dubai because it is the city where you can earn high tax-free money.

Often, you find property in Dubai cheaper as compared to other metropolises of the world. For instance, you can buy villa around $1,000 per square meter, but if go to buy it at London Docklands, it would cost you $5,000 per square meter. You can’t find such low priced properties in any other modern city of the world. But as the population is set to rise from 1.2 million to 4 million, the value of the property is going to rise in Dubai.

Dubai really offers you a wide range of properties. Furthermore, the buying process is simple, with no national registration required in the Emirate. You can buy a studio apartment in Dubai Marina for just around £140 per sq ft, and if you are to buy the same studio in Salford Quays, Manchester England, it may cost you over £316 per sq ft.

Dubai is a fantastic travel destination attracting volumes of tourists every year. In 2001, over 3.4 million tourists visited Dubai, but this figure is expected to go beyond 6.0 million by 2010. Investing in vacation rentals is a better idea. These properties fetch you High rental yields in Dubai. The best advantage of investing Dubai property is that, you are granted the right to apply for residency visas with the purchase of property.

Finally, the local currency, AED (Dirham) is fixed with the US dollar (3.675 AED: $1). The recent strength of the pound against the dollar indicated that by investing now, you are going to achieve a 10% – 15% ready equity compared to the same prices a year ago. Thus, it’s high time for investing in Dubai now. The future of investors is pretty safe and flourishing, as investment opportunities are going to increase furthermore.

Since the discovery of oil in 1962, the United Arab Emirates has been transformed from an impoverished region made up of small desert principalities into a modern state with a high standard of living, and one of the fastest growing economies in the world.

And, although this economy is still largely based around the export of natural gas and petroleum, it has seen some drastic diversification in recent years. These changes include an expanding manufacturing industry, a flourishing services sector, and a massive construction boom.

At the forefront of these changes has always been Dubai city, which has become a top holiday and investment spot for the rich and powerful from all over the world. In the midst of a desert setting, on the clear blue waters of the Persian Gulf, a city of the future reaches towards the ever-clear skies, announcing itself to the world through its endless pursuit of grandness; a city that strives for the biggest attractions, the tallest buildings, and a massive tourist industry.

It is a refreshing change, then, when one discovers Ras Al-Khaimah. Just 45 minutes up the road from Dubai, Ras Al-Khaimah (or RAK, as it is known), takes its modernisation with a much more relaxed approach, and there’s little wonder why.

Far from the clichéd view of dusty desert towns with stretching seas of sand dunes, Ras Al-Khaimah is set between the sapphire waters of the Persian Gulf, accompanied by lush green plains that swell around the dunes, and vaulting mountaintops whose forested sides slope gradually down into the Strait of Hormuz, forming natural lagoons that have earned the area the nickname ‘the fjords of Arabia’.

With such beautiful natural scenery, it’s easy to see why Ras Al-Khaimah, as well as looking to modernise its capital city, is also eager to maintain a connection with the stunning nature that surrounds it. This is why much of the tourism that RAK enjoys comes from holidaymakers out to get back to nature – often eco-tourists – and why the best activities that RAK provides are those that take advantage of the surroundings, like hiking through abandoned mountainside villages and forts, cruising along quaint little waterside towns and diving in the pure waters of the Gulf, where dolphins are known to swim and play.

As well as promoting its unspoilt natural surroundings, the visionary Ras Al-Khaimah government is also looking to develop the kind of world-class residential property that placed Dubai on the map. As well as appealing to full-time residents looking for a house on the beach away from the city life of Dubai, holidaymakers and people looking to buy property will also be able to enjoy Ras Al-Khaimah luxury apartments as well as villas and townhouses.

So if you’re looking for hot property in a faultless paradise setting, or just looking to get back to nature in all its glory, Ras Al-Khaimah is what you’re looking for!