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Tag: why invest in Dubai

  • Why invest in Dubai?

    Why invest in Dubai?

    Why invest in Dubai?

    Dubai occupies center stage in the region in the fields of culture, tourism, shopping, and attract potential users of health care services from all over the world

    Infrastructure

    It is not exaggerated to say that Dubai International Airport is one of the international airports experiencing the fastest growth in the world, and ranks sixth in terms of international passenger traffic and congestion, where the number of international passengers reached 41 million international passengers in 2009. And more than 130 international airlines provide freight services and passenger transport, including United Airlines, and British Airways “KLM”, Lufthansa, Singapore Airlines, Emirates Bank, Emirates. Emirates maintains its operations from the new airport terminal 3, which was recently opened, which accommodate 27 million passengers annually.

    – Jebel Ali Port is the largest port in the world of man-made, has seen an increase in the movement of goods by 40% in the period between 2008 and 2009. DP serves more than 242 lines for charging. The volume growth in the UAE alone, ports match the overall percentage for the Middle East, Europe and Africa together and counted by 19%.

    – There are many free zones in Dubai that provide the appropriate infrastructure for specific industry sectors and tax incentives for such industries as follows:

    Financial services and goods – the Dubai International Financial Centre and the Dubai Multi Commodities

    Health care – the city of Dubai Healthcare

    Media and Technology – Dubai Internet City, Dubai Media City and Dubai Biotechnology and Research Park

    Education and universities – University City and Knowledge Village

    Textile Industry and Logistics – Jebel Ali Free Zone and Dubai Logistics City

    Dubai Airport Free Zone

    Some of the benefits of free trade zones in Dubai include prefabricated offices, factories, warehouses, and ease of startup and completion of licensing procedures.

    – Dubai Metro is one of the rail networks in the world’s most advanced, thanks to automatic Qtarath that do not call for the leadership of the driver’s manual. It connects some of the shopping malls in Dubai, as well as the most important tourist sites and the airport.

    Trade and Investment

    Sector grew Dubai’s non-oil foreign trade increased by 38% in 2008 to a volume of 934.7 billion dirhams (254.7 billion U.S. dollars)
    Dubai has emerged as a key market for foreign currency derivatives through the initiatives of the Dubai Gold and commodities.

    Dubai is a regional hub for trade and investment in commodities such as gold and precious metals, diamonds and colored stones, energy (trade fuel and natural gas), and tea, as well as pearls, fashion jewelry, which represent only 26.5% of the foreign trade of non-oil for the UAE in 2008.

    Taxes

    Dubai does not impose any taxes on personal income, or capital gains tax or withholding taxes. However, all companies must by law to pay taxes on their profits, a rate not exceeding 55 percent. But in practice, you do not have to pay corporate taxes only on the oil-producing companies, and branches of foreign banks.

    Free Zones has many financial incentives tempting, such as exemption from corporate taxes for 15 years or more, and foreign ownership of 100%, the absence of taxes on personal income, the possibility of converting 100% of capital and profits, not to impose capital investment minimum or need to a local partner.

    Tourism

    Dubai visited nearly 7 million tourists in 2007 and 3.85 million in the first half of 2009
    A hospitality and tourism sector about 18% of GDP in Dubai.

    Dubai is witnessing a number of events and has a lot of attractions that will promote the local tourism sector. It hosts a variety of art festivals and cultural rights, such as the Dubai International Film Festival and Dubai Festival for jazz, in addition to a series of sporting events such as contest the Dubai Desert Classic golf, Prix Etihad Airways Grand Prix 1, seven-UAE Rugby, the Dubai World Cup horse race and games international cricket.

    Activities include other tourist attractions in Dubai Dubai Shopping Festival, safaris in the desert, Burj Khalifa (formerly known as Burj Dubai), the ski resort “Ski Dubai”, many tourist resorts, in addition to the Global Village and various shopping centers, including the largest shopping center in the world, “The Dubai Mall.”

    The tourism infrastructure in Dubai is one of the best in the world thanks to a wide range of world-class hotels including Raffles Hotels Atlantis The Palm Dubai, Kempinski, Armani Hotel, Hotels Jumeirah and Burj Al Arab.

    The standard of living

    Occupied the United Arab Emirates (UAE) ranked first (1) in its capacity as the country with the best standard of living in the Middle East and North Africa, and ranked 15 in the world out of 160 countries.

    In addition to infrastructure bedrock of telecommunications, roads, airports, earned the United Arab Emirates ranked mentioned previously, thanks to left untouched of recreational facilities multiple installations and private consumers, and the prophetess, public infrastructure, and safety and security standards, in a community open and permissive almost devoid of crimes.

    Gained the United Arab Emirates as well as international fame thanks to the entertainment possibilities offered by that rise to the highest international standards, in addition to its recreational facilities and luxury abounds by the large commercial centers of excellent shopping opportunities.

    Talent

    Due to upscale standard of living and the presence of the most important companies, Dubai attract the best talent in the Middle East and more than 195 nationalities.

    Includes Dubai offices of many major corporations multinationals, including Microsoft, Oracle, Nokia, Sony, Boeing, Pricewaterhouse Coopers, HSBC, Royal Bank of Scotland, Shell, Emirates Airlines, Procter & Gamble, Adidas World BNN BBC World.

    Many of the world-renowned universities with branches in Dubai, such as American University, Michigan State University, Rochester Institute of Technology, University of Wollongong, London School of Economics, London School of Business and the College of Holt International Business School.

  • High purity raises the demand for gold Dubai

    High purity raises the demand for gold Dubai

    High purity raises the demand for Dubai gold

    Ruled Vice President Gold and Jewellery Group in Dubai Chandu Siroya affect recent rises in the price of the yellow metal globally rates domestic demand in both on the class gold ore in the form of bullion or coins or «break» dedicated to export, or for gold jewelry, which accounts individually to about 60percent of gold sales in Dana.

    He said that gold prices recorded consecutive rises since the beginning the the year, which inspires confidence in investment.

    Gold achieved considerable price jump in the past week to the price of $ 1,650 an ounce in average of (more than 6,000 dirhams), an increase of up to about 5 percent since last May, after the beginning exaggerated for gold prices, which reached to about 1750 dollarsounce touched the limits the $ 1,800 several times in the beginning the the year.

    He told «Economic Vision» to the great demand for gold jewelery in Dubai markets due to the diversity of the exhibits it, and the degree of purity and high competitive price compared to markets around the region, pointing to the significant impact of strong demand from Indians living in Dubai for gold jewelry.

    Said that, contrary to what may seem the appetite consumers of the yellow metal in Dubai and the UAE in general respond positively to the rise in world prices reflecting the strength of a savings and investment tool.

    He pointed out that gold consumers investment pool often prefer to wait while gold prices are rising significantly to ensure the seriousness and stability wave prices before they decide to initiate purchase.

    He pointed out that the positive outlook on the feasibility of investing in gold was behind the increased demand in the recent period, whether by individuals or institutions, where he succeeded over the past years to achieve sustainable returns and stable to its investors, and took his place as an ideal way to invest and savings including attracted even small individual investors.

    And about the major challenges facing the retail sector in Dubai, said that the sudden price change was and still is the greatest challenge facing the industrythe especially in the gold ones, which rely sales mainly on the tourists coming to Dubai and resident Indians.

    He pointed out that the most important challenges faced by the gold trade in Dubai, controls developed by India, finally, which imposes the collection of taxes on gold carried by travelers to India, if the value exceeds a certain limit.

    Indian authorities began about two months ago to impose taxes on gold worth more than 20 thousand rupees «equivalent to 1380 dirhams.

    Mohammed Jamal , independent expert in the trade of gold and precious metals confirms that gold demand from all bullets and especially 24 carat, and the so-called Gulf gold increased significantly in the recent period, and the desire of consumers to seize the opportunity right price.

    He pointed out that a significant gold investment activity was evident in first half of this year, given the decline in investor and consumer confidence in the investment pools or other investment such – real – and stocks.

    confirm data from the World Gold Council that the consumption of the UAE gold arrived in the first quarter of this year to 19.4 tons, of which 16.4 tons in the form of artifacts, with 3 tons in the form of ingots and coins, down 14 percent from what has been consumed locally in quarter the first of – year 2011, who scored 22.5 tons, of which 19.8 tons of jewelry, and 2.7 tons bullion and coins.

    As for global demand for gold during the first quarter of this year, reaching more than 1097 tons, valued at 59.7 billion dollars, issued in gold bullion investors list of the biggest buyers of gold, followed by buyers of jewelery for personal use.

  • Dubai a safe destination favored by investors

    Dubai a safe destination favored by investors

    Dubai a safe destination favored by investors

    A recent report that foreign investors attracted by Dubai’s real estate market and the economy taking into stability.
    described the report prepared by the «Celikt property» Dubai as the point of gaining more attractive. Confirming the presence of signs of recovery in the emirate, which gave it a safe destination place. Although impurities of the global financial crisis hit as do others.

    In an interview with the Reuters news agency, leading Farouk Susa, senior analyst at Citigroup Dubai, the reasons why Dubai target for many buyers.

    Susa said perceptions indicate that the real estate market hit bottom. Adding that the market in Dubai remains rational, in the context of running behind a long-term investment.

    Dubai goes on to attract investors from other regions in the Middle East, as well as the Indian subcontinent, Pakistan and up to Russia, who seek to take advantage of the real estate market which is getting stable.

    Real estate assets

    Sure that perception in the context of recent data confirmed that foreign investors bought real estate assets in the emirate in the first half of 2012 ranged from about 28.3 billion dirhams.

    The Dubai government recently revealed that Indians formed the backbone for buyers of luxury apartments, and commercial space in the Burj Khalifa, the tallest building in the world, during the past six months of the year a total of 814 million dirhams.

    The Iranians came in second place in their purchases of the tower, worth 470 million dirhams.

    The report pointed out that real estate plays a prominent role in Dubai’s economy, stressing that the increasing investment attraction, no doubt have a positive impact. Wages and prices in the emirate, and the emirate and steady recovery developed (safe haven).

    Attractions

    On the level of tourism praised the Wall Street Journal renaissance tourism in Dubai, saying, Spending Dubai huge on islands industrial, and other attractions that live up to the summit, made a visit that capital essential, adding that there is no need for lavish spending is replete with citizen attractions also cheap. She added that the tour in the gold market Almsdan on the bank of the creek in Deira, lend elegance to the visit, where teeming with dozens of shops goldsmiths.

    The advantage of Dubai the beautiful beaches, where Jumeirah Beach is open and one of the most famous city landmarks, drawing tourists from all over the world, of Russian tourists and Arab families, and the Indians and Pakistanis.

    Dreams desert

    Said “Vail Daily” site under the title “Dreams desert in Dubai,” said the emirate teeming with tens of tourist destinations. It is a city completely as one would imagine, a huge emulate Las Vegas, in the spirit of Middle Eastern, and world-class, and unique. And attractions those Amahha rights once that degrades trip in Dubai International Airport, which is undergoing major expansion of operations. This is what distinguishes Dubai, known as “the capital of the Middle East entertainment”, which truth be told is huge. The rich Dubai shopping malls teeming with more upscale fashion in the world, and the names of global chefs have opened their own restaurants in the city.

    from : Al Bayan news