| What is the correlation between free-trade, real | | | | private equity market have already crossed the $1 |
| estate prices and holiday making? Perhaps, the first | | | | billion mark. If this does not seem remarkable then |
| one ignites the race for the rest two. This has been | | | | you should note that it is expected to cross $2.5 |
| taking place in Dubai's case for at least two decades | | | | billion by 2007. There has been a sudden turn around |
| now, and the lineage from free-trade to tourism is | | | | in the recent times and the companies looking |
| very apparent. Those likely to go on vacationing | | | | forward to making the investments elsewhere have |
| should therefore, learn about the various trade | | | | begun making the best out of Dubai's tax |
| policies of the concerned region before making out | | | | exemptions. |
| their travel plans. Liberal governmental policies are | | | | The result is obvious. As more and more foreign |
| bound to show up in the nature of hospitality that | | | | companies arrive to do business in Dubai there will be |
| you might experience. If there are emerging signs of | | | | an ever-increasing requirement of skilled work force. |
| conflicts from within any administration, better keep | | | | That means a further increase in the inflow of |
| off from visiting that place and move on elsewhere. | | | | foreign nationals who will obviously need a place to |
| Duty free shopping and well-planned infrastructure | | | | stay on. In the final run, we conclude that the high |
| were two main reasons why so many tourists | | | | demand for real estate combined with the recent |
| started flocking on Dubai's roads. Allowing freehold | | | | changes permitting all these foreigners to own their |
| property ownership to the foreign nationals was | | | | property can only lead to a real estate explosion the |
| another smart move, which transformed Dubai's real | | | | likes of which the Middle East has never seen before. |
| estate market dramatically. Speaking with any of the | | | | Already more than 30 percent of all the tower |
| real estate brokers running their operations from | | | | cranes in the world are engaged in Dubai. That, in |
| Dubai, supports these arguments. Additionally, tax | | | | itself, should give you an idea about the scale at |
| exemption to the corporate world has also played a | | | | which construction is proceeding in this world |
| crucial role in the booming real estate values. | | | | renowned city. |
| Companies are granted 15 to 50 years of tax | | | | With the kind of luxurious life Dubai owns, the ever |
| exemption on starting up their operations in one of | | | | expanding world events taking place there, the highly |
| Dubai's free-trade zones. This financial paradise has | | | | competitive air fares that you might enjoy while |
| ensured Dubai will continue to have a booming real | | | | being on its way, and the increasing number of |
| estate market for many years to follow. | | | | landmarks like Burj Al Arab, Dubai Marina and Dubai |
| The level of foreign direct investment has begun | | | | Palm Beach getting constructed day in, day out, the |
| growing rapidly in Dubai in the recent few years. | | | | world is bound to keep visiting Dubai for many years |
| According to some estimates, investments in the | | | | to follow now. |