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Dubai

Population & Landmark…

Dubai is one of the seven states that make up the United Arab Emirates. It is located in the Middle East. The UAE borders the Gulf of Oman and the Persian Gulf, situated between Oman and Saudi Arabia. The United Arab Emirates was formed in 1971 by the “Trucial States” after their independence from Britain. The UAE is governed by a Supreme Council of Rulers, the council is made up of the seven emirs and they appoint the prime minister and the cabinet for the country. The climate in Dubai is sub-tropical and arid or desert like. The city enjoys year round sunny blue skies. Rain is infrequent and if it does fall, it falls in the winter. According to the census conducted by the Statistics Center of Dubai, the population of the emirate was 1,422,000 as of 2006.

Economy…

Oil was first discovered in the United Arab Emirates in the 1950s, before that, the country’s economy was built on fishing and pearling. Since 1962, when Abu Dhabi became the first of the emirates to begin exporting the oil, the country’s economy has been completely transformed. Dubai is recognized as the commercial and tourism capital of the UAE and is globally regarded as one of the most sophisticated, futuristic and cosmopolitan cities in the world. The city offers incoming businesses all the advantages of a highly developed economy. Its infrastructure and services match, if not exceed, the highest international standards, facilitating efficiency, quality and service including free-enterprise system, maturing financial and service sector, state of the art communications and top international exhibition and conference venues. For setting up in Dubai, international companies have many secure cost advantages which may not generally be available elsewhere. The costs advantages include a competitive import duties and labour costs, no corporate taxes, no income taxes and no foreign- exchange controls. The government’s decision to diversify from a trade-based, but oil-reliant, economy to one that is service and tourism-oriented has made real estate more valuable, resulting in the property appreciation from 2004-2006. Large scale real estate development projects have led to the construction of some of the tallest skyscrapers and largest projects in the world such as the Emirates Towers, the Burj Dubai, the Palm Islands and the world’s tallest, and most expensive, hotel Burj Al Arab.

Office Rental Levels…

Dubai has seen the most-preferred choice for expanding international companies and major businesses, and this huge influx has led to a high demand for commercial real estate. The rate of office occupancies in Dubai has touched an all-time high of 98% to 99% with zero vacancy levels, reports Gowealthy.com. About more than 90% of Dubai’s buildings have been kept aside for commercial utility purposes, most of which are either recently launched or are under construction, with most adopting “strata” sales.

Transport…

Dubai International Airport, located 3 miles southeast of the city center, is the busiest airport in the Middle East with 28.7 million passengers passing through the airport in 2007, compared to 18 million in 2003, with a projected 60 million passengers by 2010. A new terminal, which will be used exclusively by Emirates is currently underway. There are also massively ambitious plans for a second six-runway mega airport at Jebel Ali, the Dubai World Central International Airport. An approximate flight time to Dubai from London is 7 hours 45 minutes and from New York is 14 hours 50 minutes.

The Tourism, Attractiveness of the city…

Once you have admired Dubai’s astonishing modern skyline, you will quickly realise there is not much to contrast it with. But Dubai does have two outstanding attractions: the sea and the desert. Weekends resolve around both. The beach, pristine water, vast stretches of clean white sand, fringed by palm trees are a match for any Caribbean. The desert, provide hours of entertainment to off-road drivers and seekers after adventure.

Useful Links…

Dubai Guide: www.worldtravelguide.net

City Information: www.dubaicityguide.com

Chamber of Commerce: www.dubaichamber.ae

Serviced offices in Dubai? SOS can help. SOS help clients find office space and serviced offices for rent in Dubai.

If you are seeking a virtual office in Dubai or a meeting room/boardroom in Dubai or even a mailing address, then please bear in mind that most of the properties listed on our site will also provide these facilities.