This article is about the city of Dubai and how it can be a good investment to buy a property for sale in Dubai.
Whenever I think of Dubai, my mind immediately conjures up images of skyscrapers and large malls – each one painstakingly created to make this place a haven for its inhabitants as well as visitors. Located on the southern shore of the Arabian Gulf, Dubai is a bustling metropolis and the second largest of the seven Emirates that make up the United Arab Emirates. HH Sheikh Maktoum Bin Rashid Al Maktoum is the ruler of Dubai as well as the Prime Minister of the federation of UAE. HH Sheikh Mohammed Bin Rashid Maktoum is the crown prince.
The climate in Dubai is sub-tropical and arid with rainfall that is irregular and infrequent. The temperatures in this city range from a low of about 50 degrees Fahrenheit to about 118 degrees. Dubai has a population of approximately 1.67 million people of which 80% are made up of Expatriates. Arabic is the official language of Dubai, while English is used in business. Other languages such as Urdu and Hindi are also spoken in this city. The currency of Dubai is known as Emirati Dirham. The United Arab Emirates get their revenue from financial services, manufacturing as well as trade. Natural gas and petroleum contributes less than 6% to the overall revenue.
This ever-expanding city sure knows how to welcome its visitors. New constructions such as shopping malls, an airport and skyscrapers just add to the charm of this city. Apart from the constructions, Dubai is also known for gold. This city is said to buy the highest amount of per capita gold in the world. It is said that taking an average idea, every five person buys five pieces of gold in the form of jewelry every year! The city of Dubai has also made the world's largest gold chain, which was made of 22 k gold and measured 4.2 kilometers. This was during the DSF-1999. 9,600 people bought the chain as necklace wear or pieces of bracelet.
Apart from gold, the world's largest horses can be found in Dubai. The best breeds of horses are imported from every corner of the globe and are used for racing. Cars also find a special mention here because the cars here are specially made with huge wheels in order to navigate through the hills of sands of the hilly terrain. Dubai is a city that has no income or property related tax. Of course you will find fees that are related to associated registration, transfer and residence apart from charges for offshore company setup and property purchases.
The city of Dubaialso has a number of facts that continue to amaze people all over the globe. It is said that the city of Dubai does not have any street addresses. Information also states that the number of construction workers in Dubai are more than the actual citizens. Dubai will soon also have Dubailand, which is a project that is based on tourism. It has been projected that Dubailand will be the most ambitious leisure, tourism and entertainment destinations ever known to mankind.
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