Dubai Posts 16% GDP Growth Rate In 2005
Dubai’s economy grew around 16 per cent in 2005 and is estimated to reach AED136 billion according to a statement from the Dubai Department of Economic Development (DED). This rate of growth is expected to beat that of China, acknowledged to be one of the fastest growing economies in the world today with a growth [...]
Do I need a U.A.E Bank Account?
No, purchasers are not required to hold a local bank account.
Economic future in Mohammad's hands
Dubai: Expectations are running high for His Highness Shaikh Mohammad Bin Rashid Al Maktoum, who already has an international reputation for driving the emirate towards its role as a global business powerhouse.
Who can buy?
Anyone. In a major boost to Dubai’s property market, the concept of freehold properties was introduced in the city of Dubai for the first time in any Gulf country. “Freehold” became the buzz word in May 2002 when H.H. General Sheikh Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and U.A.E. Defence Minister, announced [...]
What taxes will I have to pay?
Dubai has no taxes of any kind when purchasing a property in the emirate. Dubai also benefits from no business taxes, except in the banking industry.