Dubai mega-structures
Home to the most innovative large-scale developments in the world, the Dubai real estate market has left the world overwhelmed and center stage in architectural arena.
Manmade Islands
With islands such as the Palm trilogy consisting of the Palm Jumeriah, the Palm Deira and Palm Islands Jebel Ali, people around the world were amazed by the magnitude of mega developments in Dubai. Soon after this Dubai took a step further by conceptualizing an even more breath taking development known as The World consisting of a collection of manmade islands in the shape of the map of the globe.
Besides these such development are mega structures such as The Burj Dubai which is that tallest building in the world. This $4.1 billion project has a suggested a height at completion of around 818 m (2,684 ft,) comprising of approximately 162 floors making Dubai again a record breaker.
Another major development is the Dubai Creek which will feature seven landscaped islands all interconnected by bridges. The islands will host residential buildings, shopping centres, office buildings and marinas - as well as an art gallery, opera house, museum, planetarium and theatre.
Celebrities such as David and Victoria Beckham, Michael Jackson, and Rod Stewart have all been lured by the impressive developments in Dubai and bought property in prestigious Dubai projects.
With this said Dubai’s mega structures have given this city the global popularity it deserves.
Location
Dubai is generally hot and humid with temperatures ranging between 15 to 50 °C with many months recording temperatures of between 40 and 50 °C (104-122°F.) Rainfall is generally light, with a mean of about 150 millimetres (6 in) per year; precipitation is usually centered around January, February and March. However, heavy rain is not uncommon in Dubai during the winter months and January 2008 saw a record of 120mm (or 5″) of rain falling in just 24 hours, The mean humidity in Dubai is about 60% and is higher during the cooler winter months.
With the Dubai climate ranging from warm to hot most of the year, tourists and residents are attracted to the year round, sun and sand of Dubai.
Tax-Free Dubai
Dubai’s key driver for residents & travelers is the fact that it is tax-free regime. Although Dubai is a tax free country there are implications for property buyers in their home countries. It is essential to consult a tax advisor when considering your purchase in Dubai.
Staying in this emirate allows you to enjoy the luxury of no direct personal taxation as it is against the law in Dubai.
Dubai free trade zones currently total 15 and 7 more are in the planning stages. These allow for foreign businesses to establish themselves and grow without the restriction of corporate taxation for example and without having to submit to a local majority shareholding structure. As a direct result of all of the incentives offered to overseas businesses, take up in the free trade zones has been incredible and employment opportunities for foreign personnel are being created within them on a weekly basis.
Dubai Transportation Infrastructure
The emirate is also installing a new rail system, the Dubai Metro, which will have two lines connecting strategic locations across the region. The first trains are set to start operating in the summer of 2009 and should be transporting 1.85 million travelers per day by 2020.
With Dubai’s RTA (Road and Transport Authority) getting involved in regulating the traffic situation by encouraging use of public transport and putting in place the Salik toll gates to increase car pooling.
