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By: Ikedi Ani-okoye.

United arab emirates - Dubai

Dubai is one of the seven emirates that make up the United Arab Emirates. This location has been a hot market for luxury property in the past few years. Dubai is the most populated and second largest United Arab Emirates. Dubai has been seeing enormous construction and has attracted several real estates projects.

Large projects in Dubai include offshore property such as the Palm Islands and The World. Inland projects include Dubai Marina, Dubai Waterfront, Business Bay, Dubailand and The Burj Dubai Complex.

United Arab Emirates and Oil

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. Despite being ultimately ruled by the Supreme Council, as with the other six states, Dubai maintains a large degree of autonomy from the UAE when it comes to general decision making for the city’s development.

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.

United Arab Emirates Casinos

There are only three legal casinos in the country. While wealthy Arabs do have a reputation for gambling, this is normally something they prefer to do outside of their own home countries. It may change in coming years in Dubai, as it continues to develop as a tourist destination.

A list of United Arab Emirates Casinos includes:

Fujeirah: Sea Men Club

Umm al Quwai: Leisure Club

Umm al Quwain: Baracuda

CONCLUSION

Dubai is among the leading choices for people who wish to invest in foreign Real Estate. The most progressive of the 7 parts that make the United Arab Emirates offers excellent investment opportunities. The UAE is only 6 hours flight time away from Germany.

A short trip and you are in a land of sun and progress. Dubai is a place with an economic growth rate of 6-8%, a 50% budget surplus, excellent architecture, modern infrastructure, and a booming Real Estate and construction industry. No other place in the world has the sort of Real Estate market similar to Dubai.