Real estate development in Dubai

Dubai was the first emirate of the United Arab Emirates to get involved in freehold real estate, at a time when UAE and GCC nationals were only permitted to own property in the United Arab Emirates. Buying real estate in the Emirates is slowly changing and becoming more available to expats.
The government's decision to diversify the economy, to focus more on services and tourism, has helped increase the value of property, which in the years between 2004 and 2006 has experienced a real boom. The buildings on a large scale have made Dubai one of the largest urban development in the world, like the Chinese metropolis.
The area of the old city of Dubai, called Bastakia, is valued today with the holding of cultural and historical interest. The Museum of Dubai, on the edge of Bastakia and installed in the old fortress, photographing the story of Bedouin tribes and the old economy based on trade and pearl fishing. Bastakia located on the banks of the Creek, the river that crosses and divides the city from the district of Deira, now known more for businesses and for historical value. A Deira, in fact, stands the Gold suck, or the famous market
The absence of tax favors trade with prices lower than those of other states, even more emphasized when compared with those in Europe, it is not hard to find jewels of European production at prices from 20 to 40% lower. But the real development takes place in Dubai from 1992 onwards, where there is the real modern city. The need to develop trade and, in parallel, tourism has led to the creation of unique structures, both the architectural aspects that size.
In 2006, in Dubai are about 23% of all the world's construction cranes and skyscrapers rise to dozens throughout the city. The city itself is no longer clear cut, because the desert areas are now under construction. The development, involving both the main economic activities. On the one hand, business and residential stretch toward the desert. Are being cotruzione the International City, the silicon City, the Sports City and Dubailand, which is expected to become the largest amusement park in the world.The tourism is concentrated on the coast, where the creation of palme brings up the tourism of the United Arab Emirates . By the year 2015 will be made the three palm trees, or the artificially created peninsula in the Persian Gulf and whose form recalls that tree views.
Besides the palm trees is under construction so-called "World", consisting of three hundred islands that, if viewed from the plane or satellite, call our planet, with its continents. Each island will be sold individually whose price ranges between 1 and 15 million dollars. The area perhaps most beautiful tourist point of view is to Jumeirah, where the hotel chain owned by Al Maktum family has created four of the most beautiful hotels, including the famous Burj al-Arab, which has become the icon of Dubai in the world.
Today, the UAE and Dubai in particular are known worldwide for the development of some futuristic projects: The Palm Islands, Dubai International City, Burj Dubai, the skyscraper more 'top of the world, The World, building 300 artificial islands that replicate the five continents, Dubai Marina, Jumeirah Islands, Hydropolis Hotel, the first underwater hotel, Madinat JumeirMall of the Eirates, which has within it a real ski slope.