Real Estate in Dubai – Part 4

January 29, 2010 by admin  
Filed under Tourists Attractions

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 World’s Tallest Hotels

December 31, 2009 by admin  
Filed under Hotels

The United States was once synonymous with having the largest incarnation of just about anything you could think of – whether it was the world’s largest ball of string or the tallest free-standing structure on the planet. However, out of the top ten current tallest buildings in the world, Uncle Sam has only two structures, neither of which sits in the top slot. That honour is held by Taiwan, whose Taipei 101 structure measures a lofty 509m in height, almost 70m taller than Chicago’s Sears Tower, the United States’ tallest building.

While Taiwan can claim to have the world’s largest industrial building, Dubai can lay claim to having the world’s tallest hotel. In fact, Dubai is home to three out of the top ten world’s tallest hotels with the Rose Tower – despite still being under construction – the tallest at a height of 333 metres. When construction began, the Rose Tower was supposed to reach 380 metres – the height of the Empire State Building. However, design modifications led to its projected height being reduced, and while it is still under construction, the honour of tallest hotel is unofficial.

Pyongyang, the capital city of North Korea is home to what would have been the second tallest hotel, the Ryugyong Hotel. With 105 stories rising to a height of 330 metres, the Ryugong Hotel is a towering, empty concrete shell, which has stood unfinished since 1992. With no windows, fixtures or fittings ever being installed, the basic structure is complete but has never been surveyed for safety and some believe the structure to be unsafe due to the use of poor quality building materials.

As a result, travellers looking to stay in the world’s tallest operable hotels should head back to Dubai, where they’ll be able to stay in the third and fourth tallest hotel structures in the world: the Burj-al-Arab and the Jumeirah Emirates Towers. The Burj-al-Arab has 60 guest floors, stands at 321 metres tall and is constructed on an artificial island that is connected to the mainland by a private curving bridge. Construction of the Burj-al-Arab began in 1994 and was built to resemble the sail of a dhow – a type of Arabian sea vessel.

The Jumeirah Emirates Towers Hotel is a 56-floor five-star business hotel in Dubai which stands at a height of 309 metres and is the 29th tallest currently-standing structure in the world. The Jumeirah Emirates Towers Hotel is also referred to as Emirates Tower Two and is connected to the 54-floor Emirates Office Tower by a retail boulevard and together the two structures form the Emirates Towers complex, which is complete with lakes, waterfalls, public seating areas and has ample car parking space for up to 1800 cars.

Although renowned for its sand, sun, and shopping, Dubai is fast becoming world famous for its architectural audacity and breathtaking structures. Today, shiny new skyscrapers reflect the mosques and wind towers of Old Dubai while some of the world’s tallest structures – hospitality and industry alike – dominate the Dubai skyline.

Dubai Property – Boosting the Fiscal Growth

December 27, 2009 by admin  
Filed under Hotels

Today Dubai is better known as the “sky city” as there is truly no end to what this city can achieve within the next decade. The innovative changes that are taking place in the real estate market of Dubai are absolutely awe inspiring. If one looks closely at the details of evolving constructions and properties in the expanding market of Dubai, one will be dumbstruck. It seems as if all these towers and infrastructure is coming out of thin air. Dubai is truly magical!
Dubai is to have its Burj tower ready in 2008. This tower is going to be the tallest building of the world. Not only this, the hotels of Dubai give a tough competition to any other hotel chains in the world, they have excellent features that can easily pull the crowds of European sport stars to America’s hottest sensations.
Many investors may believe that the best way to utilize the accumulated capital of a person would be to invest it in the growing areas of Las Vegas and New York. They believe that real estate investment here is the key to get high returns. In today’s date the real estate investors are on the edge. Just as the institutional lenders have become familiar to the profit returns that such projects can deliver, in the same way the market has become quite worn out. The real estate sale boom in California has many parties interested. There are the risk adverse institutional lenders and also the capital investment firms, who want to make significant yields.
The only shortcoming in doing business in Paris, Las Vegas, New York or even London is that you have to pay exorbitant amount of money to do business. You will have to cough up costs like buying the land, interpreting foreign ownership and tax laws and other costs related to real estate investments. Here the recoverable value is maintained from that of building alone once the residence or the commercial complex is completed.
But there is a great option for real estate investors; Dubai in the United States Emirates is the new hub for investors. At Dubai you have easy access of airport, luxury entertainment a great landscape and all the amenities that a hotel with international standards and luxury residents would want.
Not only is Dubai the destination for real estate investors, but of late Dubai has become the most preferred holiday destination too. People have been flocking to Dubai in great numbers.
At Dubai there is no stopping of growth and lack of opportunities in the real estate market, just like when a market has exhausted its production capacity and has no more land or other factors of production. Then it starts its growth by expanding in to the sea, the factor does not stagnate it reaches up by expanding in to the sky. If there is a product that has demand, then the market has to supply that product. This product that is demanded thus contributes to the fiscal growth of the economy.

Dubai Sightseeing Guide – There is so Much to See and do That You Will Run Out of Time Very Quickly!

September 6, 2009 by admin  
Filed under Nightlife

Words are certainly not enough to describe the Dubai sightseeing experience. I have been there so many times yet each time is a different and a much better experience than the previous one.

Why? Because nothing is ever the same. Dubai keeps adding more to its infrastructure and the many different entertainment options as far as things to do in Dubai. In fact the city doesn’t even look the same when I go to visit. There is always something new….as if a building was taken and moved to a new location all together (reminds me of LEGOS when I was a kid).

Pretty insane if you ask me. But amazing indeed. There is so much to sightseeing in Dubai that you will run out of time very quickly. This place is definitely worth multiple visits to truly explore in its entirety. And I can promise you that each of the moments will be a lifelong, memorable moment spent well.

So touring around Dubai is one of the activities that you should not miss. You must devote more of your time for this kind of endeavor! When touring Dubai you can choose to start your tour in the sands, sea, creek, or in the city proper.

All these places offer different sights to behold. There are a myriad of natural and man-made sights in Dubai. Dubai is home for so many world icons that showcase the advancements of engineering and architecture in Dubai.

Record-setting architectural and engineering masterpieces that offer the best sights for the visitors include the Burj Dubai, Burj Al Arab, Palm Islands, and the World Islands. The Burj Dubai is now set as the world’s tallest building dwarfing the other skyscrapers of the world. The Burj Al Arab situated at the Arabian Gulf showcases a special work of the architectural geniuses in its 1,053 feet high sail-shaped structure.

The Palm Islands is a man-made palm tree-shaped resort island. This resort island was planned to offer several sandy beach resorts in its over 120-kilometer coastline. The palm-shaped development was planned to be visible from the moon.

The World Island is like the Palm Island only resembling the shape of the world. This Nakheel development is an exclusive development of islands that are sold by invitation. The World Island situated off the coast of Dubai offers a paradise of sea, sand, and sky.

The views of these man-made attractions offer ravishing sights for Dubai locals and tourists especially when well lit at night.

Other sites worth visiting during your Dubai sightseeing include the following:

• The Desert View that offers several wavy sand dunes and where you can ride a roaring and sand bashing 4WD.

• The Jumeirah Mosque, Dubai’s largest mosque that showcase the medieval Fatimid tradition in its stone construction. The mosque is available for tour every Thursday morning.

• Dubai Museum. Located inside the Al Fahidi Fort, the Dubai Museum holds several exhibits that showcase the rich cultural heritage and history of Dubai.

• Madinat Jumeirah. Designed similarly to an ancient Arabian citadel, this Arabian Resort also pays tribute to Dubai’s cultural heritage.

• The Gold Souq. This is the shoppers’ paradise in Dubai that offers gold, jewelry, and other precious stones coming from different parts of the world such as Asia, Europe, and the Far East.

• Clock Tower. Marking the center of Dubai is the Clock Tower located at the base of the Maktoum Bridge. This prime and famous landmark of Dubai offers a timeless sight of busy people rushing in the streets of Dubai just around the Clock Tower.

• Wonderland. This very first theme park in Dubai still wows its visitors with its fun rides for the entire family.

The setting of the sun in Dubai won’t end your sightseeing adventure, in fact the last visible ray of the sun signals the rise of more fun and dearly sights of Dubai. The Dubai Creek Golf and Yacht Club that offers a haven for golfers in the morning also plays as a back draft in the evening fireworks display just above its billowing sails. The Aquafantasia also wows the crowd with its famous water and lazer display that showcases the enchanting eye, dancing fountains, and fireworks display at the Creekside Park.

These and more await you when you visit Dubai. Once in Dubai, you know where to go and you can choose to have a walk tour, to ride in an open-top big bus, hot air balloon or a helicopter to have a full aerial view of these sights.

Learn everything you need to know about Dubai tourism as well as the many tours in Dubai on http://www.Dubai-Information-Site.com. Be sure to sign up for the Dubai Blog RSS Feed and the Dubai Newsletter to be automatically entered into a raffle for a free vacation!

Is Dubai Getting Over-stretched?

June 10, 2009 by admin  
Filed under Hotels




Dubai’s bullish economy might be creating ripples across the world, but there is a suspicion among some pundits that it might get over-stretched in the longer run, in its attempt of gaining invisibility. The policy of developing world-class infrastructure to entice investors, entrepreneurs and tourists might be proving successful as of today, but it has also resulted into soaring real estate rates and city congestion in the recent times. This may result into some highly expensive office and living accommodations in a few years from now. Dubai hotels and Dubai apartments, a key area for the local tourism industry and economy, might get hit hard due to sharp price hikes in the future.

Dubai’s office blocks are quoted as the most expensive ones across the Middle East, and the scenario won’t change until many upcoming projects got fully commissioned. There is a growing concern that many existing and prospective buyers might decide to look out for cheaper alternatives elsewhere, within the UAE and outside, both. Many commuters working in Dubai have to spend up to three hours making a round trip from Sharjah. It’s simply out of question for them to reside in a lavishly expensive Dubai. To add to their woes, the public transport system and routes are highly overloaded. Many steps initiated by the city planners to minimize road congestion haven’t produced results until today.

The desire of having the tallest and largest buildings and the fastest growing economy on its soil has led Dubai into a construction mania. Up to 25% of all construction cranes in the world are currently stationed at Dubai. At least fifty of them are employed at Burj Dubai alone to help it rise atop the Arabian sky as the world’s tallest building. Burj Al Arab, the pride of Dubai hotels, is already known to be the world’s largest hotel. There are numerous projects either under way or in the pipeline that could leave even some leading cities of the West dwarfed. This might highly raise Dubai’s real estate rates however, driving away many prospective buyers in a few years from now.

According to a recently issued report by the Middle East Economic Digest, the cost of Dubai’s planned and under way projects is expected to total around $310 billion over the next decade. Up to $230 billion of this capital is expected to go in the property sector alone, indicating at the frenzy about to be unleashed therein. Prices might naturally fall down as a result, once many of the underway construction projects got completed in the longer period. This might tilt the demand-supply ratio in the favor of the latter, making Dubai to be the cheapest destination across the Middle East, say about in a decade from now. You might have to cope with some of the cheapest office blocks, Dubai apartments and hotels, as a result, in the longer run. Dubai apartments are greatly admired across the Middle East for their class, aura and style, and are always in a great demand. Any future fall down in their rates could severely affect the emirate’s economy as well, and that a major concern.

Dubai is a city of free-trade, world famous landmarks and soaring dreams. The hospitality extended by Dubai hotels and apartments is universally acclaimed. Investors, travelers and entrepreneurs from across the globe are lining up to be part of its success story. Any misadventure by its own planners could result into serious concerns in the future however, and that’s why some kind of regulation should be placed from within the policy-making elite itself.