Dubai, one of the seven United Arab Emirates, is considered to be one of the desirable real estate opportunities in the world. Dubai is the fastest growing city in the world, one-third of the cranes in the world are currently being used to build in Dubai.
Dubai has also been rated by Interpol as one of the safest countries to live, which many may find hard to believe from what they have heard about the Middle East. Fortunately, none of that applies in Dubai. This little country strategically located at the crossroads of Europe, Asia, Africa and the Middle East is fast becoming the premier vacation and tourism destination of the region.
Over the past decade the number of visitors to Dubai has grown from 1.08 million to 5.4 million, representing a growth rate of 16% per year. This rate of 16% is 3 times the world tourism growth rate for the same time period. More astonishing is that the past 5 years alone have supplied a 54% growth rate.
Over 3.4 million tourists visited Dubai last year and this figure is expected to grow to an excess of 6.0 million by next year, forecasting 200,000 visitors a day. It is also estimated that it will take 6-10 years for the supply of hotels to catch up with demand. This is surprising considering there is currently an estimated $80 billion in real estate projects underway.
Dubai is truly a place where East meets West. Where the sun shines every day of the year, with all the western modern facilities and infrastructure are fused together with eastern hospitality. From beautiful beaches and clear aqua blue seas to indoor ski domes, an underwater hotel and unparalleled skylines, there is never a shortage of things to do in Dubai. Dubai can boast of having or in the process of building:
The biggest airport in the world
The largest man made port in the world
The largest mall in the world
The only 7 star hotel in the world
The largest theme parks in the world (nearly 3 times the size of Disney World in Orlando)
The largest skyscraper in the world
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