Uae Property Guide Part 4 Of 8 Dubai Property

Dubai is arguably the most well known of the seven emirates (sovereign states) that make up the United Arab Emirates. It is situated on the coast of the Persian Gulf and is bordered by the emirates of Abu Dhabi to the south and Sharjah to the northeast; Dubai also shares a border with Oman in the southeast.Dubai was the first of the emirates to allow freehold ownership of property to non – UAE (United Arab Emirates) or GCC (Gulf Cooperation Council) citizens. Prior to a decree issued by crown prince General Sheikh Mohammed bin Rashid Al Maktoom (the ruler and prime minister of Dubai and the Vice President of the UAE) in 2002 foreigners were only able to rent or take 99-year leasehold over property. The properties available for foreign ownership are in areas of Dubai that have been designated by the government for this purpose.The Palm Island developments and The World are two totally unique concepts in property development that have excited the imaginations of people all over the globe. These two separate developments – both the ideas of Sheikh Mohammed bin Rashid Al Maktoom to increase tourism to Dubai, involve the construction of man made islands off the coast of Dubai in the Persian Gulf. The three islands of the Palm Island Development alone will add 520 kilometres of beaches to Dubai City.The World development is a 300-island man made archipelago off the coast of Dubai in which the islands form the shapes of the worlds continents and from the air the entire development looks like a map of the world. Once the land reclamation to form the islands is completed (the expected completion date is 2008) the owners of the various islands will be free to commence construction of their developments or properties on their own private islands.