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Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. Dubai's real estate market has experienced growth and transformation, driven by the city's rapid ...
The Real Estate Regulatory Agency ( RERA; Arabic: مؤسسة التنظيم العقاري) is a government agency to regulate the real estate sector in Dubai, the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai. RERA was founded on 31 July 2007 by His Highness Sheikh ...
2009 Dubai housing crash was a major economic crisis that hit the Emirate of Dubai, one of the seven emirates that make up the United Arab Emirates (UAE). The crisis was sparked by the global financial crisis of 2008, which severely impacted Dubai's economy, particularly its real estate sector. [1] The crisis was caused by several factors ...
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment.
DUBAI, United Arab Emirates (AP) — Buoyed by a surge in real estate activity, the Dubai Financial Market has reached its highest point in nearly eight years and extended year-to-date gains to ...
Website. www .emaar .com. Emaar Properties (or simply Emaar) is an Emirati multinational real estate development company located in the United Arab Emirates. [1] The two largest shareholders are Dubai ruler Mohammed bin Rashid Al Maktoum and the UAE's sovereign wealth fund Investment Corporation of Dubai.
Website. www.nakheel.com. Nakheel Properties ( Arabic: نَـخٍـيْـل, romanized : nakhīl, lit. ' palm tree ') is a real estate development company based in Dubai, United Arab Emirates. [3] The formal name of the company is Nakheel PJSC (private joint stock company) and it was a subsidiary of Dubai World and a private state-owned enterprise.
Developments in Dubai. The government of Dubai took a decision to diversify from a trade-based, oil-reliant economy to one that is service and tourism -oriented. This has made real estate and other developments more valuable, thus resulting in a property boom from 2004 to 2006. Construction on a large scale has turned Dubai into one of the ...
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