Dubai, is the second largest emirate in the UAE. With year-round sunshine, intriguing deserts, beautiful beaches, luxurious hotels and shopping malls, fascinating heritage attractions and a thriving business community, Dubai receives millions of leisure and business visitors each year.
The past few decades have witnessed incredible growth in most sectors of the well-diversified Dubai economy like trade, services and finance sectors. With its central geographic location between Asian and European markets, Dubai today is an integral part of the global trade mechanism.
Dubai has recently been in the news for its many innovative large construction projects like the Burj Khalifa, the world’s tallest building. In 2014, Dubai's hotel rooms were rated as the second most expensive in the world, after Geneva. Dubai is rated as one of the best places to live in the Middle East by American global consulting firm Mercer.
Dubai has a hot desert climate. Summers are extremely hot, windy, and humid, with an average high around 41 °C (106 °F) and overnight lows around 30 °C (86 °F). Most days are sunny throughout the year. Winters are warm with an average high of 24 °C (75 °F) and overnight lows of 14 °C (57 °F).
Dubai’s property market has shown more signs of a first quarter slowdown this year as new housing comes on stream at a time of slowing sentiment. Average apartment prices fell 2% vis-a-vis the previous quarter while villa prices fell 1% during the first three months of the year. Rentals values are also under pressure, making this the perfect time to buy or rent property in Dubai.
As of 2013, Dubai was the 7th most visited city of the world based on air traffic and the fastest growing, increasing by a 10.7% rate. Dubai is expected to accommodate over 15-mn tourists by 2015. The Dubai Shopping Festival is a yearly event which attracts a lot of visitors.
Dubai hosts more than 70 shopping centres, including the world's largest shopping centre, Dubai Mall and is also known for the traditional souk districts located on either side of its creek. Dubai Creek Park in Dubai Creek showcases some of the most famous tourist attractions in Dubai such as the Dolphinarium, Cable Car, Camel Ride, Horse Carriage and Exotic Birds Shows.
Transport & Infra:
Five main routes – E 11 (Sheikh Zayed Road), E 311 (Sheikh Mohammed Bin Zayed Road), E 44 (Dubai-Hatta Highway), E 77 (Dubai-Al Habab Road) and E 66 (Oud Metha Road) – connect Dubai to emirates. The eastern and western sections of the city are connected by Al Maktoum Bridge, Al Garhoud Bridge, Al Shindagha Tunnel, Business Bay Crossing and Floating Bridge.
The Public Bus Transport system in Dubai services 140 routes and transported over 109 million people in 2008. Licensed taxis are also readily available here. Dubai International Airport, connects Dubai to the rest of the world.
A US$3.89 billion Dubai Metro project is currently operational. It currently consists of two lines (Red line and Green line) which run through the major financial and residential areas of the city. Abras, small boats that ferry passengers across the Dubai Creek are also popular here.
Join 99sqft.com's free real estate blog & never miss a thing on real estate - ever.