Population2.41 million persons
Population Growth1.62 percent
Land Area82,880 sq km
Currency & exchange rate1 Emirian dirham (Dh$) = 100 fils (~ 0.148 GBP)
GDP-PPPMethod42,882.0 millions of US dollars
GDP Growth3.43 percent
GDP Per Head17,812.0 Thousands of US Dollars Per Person
FinancialInterest RateInflation Rate
National BankCentral Bank of United Arab Emirates
PoliticalThe 1971 constitution enshrines the system of government of the UAE. It consists of the Federal Supreme Council (consisting of the rulers of the seven Emirates), a President and Vice President, council of ministers and other representatives from the states.

Relations between the UK and the UAE are generally good. A considerable number of expatriates live in the UAE in addition to a sizeable defence base outside NATO. However, relations with Iran are on a downturn due to disputes concerning rights to certain islands.

Social SecurityYes for nationals. The UAE does not impose social security taxes for expatriates.
LanguagesArabic, Persian, English, Hindi, Urdu
CustomariesIslam is the principal religion and 90% of the population are Muslims, although the UAE practices religious and cultural tolerance. There are Christian churches and Hindu temples in Dubai and Sharjah.

The Islamic calendar is lunar based and so Islamic celebrations and festivities need to be inquired into for a particular year. In 2004 Eid ul Adha is from the 1st to the 4th of February, and Eid ul Fitr being celebrated from the 14th to the 16th of November.

It is discourteous to eat, drink or smoke in front of Muslims in daylight hours during Ramadan. It is polite to accept the refreshments customarily offered to visitors. Expatriate, non-Muslim residents can obtain liquor licenses from the local police headquarters enabling them to buy alcohol from special shops. Penalties for drunkenness in public can be quite severe

Ethnic Make-up
South Asian50.0%
Other Arab and Iranian23.0%
Other expatriates8.0%
TaxIncome TaxCapital Gains Tax
No personal taxation currently exists in the UAE. They are however, imposed on oil and petrochemical companies and branches of foreign banks.Capital gains are not subject to taxation.
Description The most affluent and powerful state in the UAE is Abu Dhabi, which dictates and directs the ongoing development. The prosperous UAE has one of the highest GNP in the world. A heavy reliance on hydrocarbons still exists, yet there is much foreign investment and economic diversification. UAE is diversifying the economy into trade, tourism, and heavily subsidized agriculture and high technology industries. Abu Dhabi's Internet penetration rate is the highest in the Arab world and exceeds that of a number of EU nations. The enormous oil reserves are highlighted by the fact that 10% of the worlds reserves lie in the UAE, with Abu Dhabi itself holding 95% of all hydrocarbon deposits with Dubai and Sharjah predominantly sharing the remainder.

However, Dubai is quite different. Due to the limited reserves in Dubai, it has had to diversify and create other options to generate local economic benefits. It has a vibrant and booming tourist industry, increased amounts of flights and is generally regarded as the hub where east meets west with a significant number of connecting flights going through Dubai.

The northern states fare less well with Sharjah being the biggest holding for manufacturing. Many of these northern states are considerably reliant upon Abu Dhabi and the government.













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Climate:Hours of Sunshine Per Day in SummerDays of Rain Per YearJanuaryJulyAverage

Water Temp.

Sunshine on average 340 days a yearRainfall is infrequent and irregular, mostly during the winter months, but flash floods can occur10 C/ 50 F48 C/ 118 F18 – 32 C
Proximity to:AirportBeachNearest City
Dubai International Airport, located five kilometres (three miles) southeast of the city centre, is the busiest airport in the Middle EastBurj Al Arab, a unique 6* hotel has great access to beaches. Beautiful beaches between palm island and Dubai Marina.Abu Dhabi
Restaurants and bars:There are many restaurants in Dubai, varying from Arabic, Indian and Greek right the way through to Japanese, Russian Chinese and Thai. With plenty of choice, it is worth consulting with the tourist office or asking the local people on arrival.

In most Islamic countries, the consumption and retail of alcohol is strictly forbidden. However, in Dubai alcohol is tolerated and you can openly see foreigners guzzling down a pint or two in the city bars. There is no specific nightlife area and most bars are in hotels that are scattered throughout the city. However, cheaper and independent bars can be found within the city too.

A more relaxed nightly affair is the smoking of tobacco from a shisha pipe. One can head out during the evening to while away endless hours in many of the chic coffee houses, smoking apple or even mint flavoured tobacco from a shisha pipe.

Sports and leisure facilities:Dubai has outstanding sporting and conference facilities and has been declared the number one golf destination worldwide, by the International Golf Tour Operators Association.

Horse riding is available at several riding centres, and rides through the desert are organised regularly with the Dubai world cup in Dubai consisting of the richest prize of all horse races.

Boat racing for about 30 rowers is a traditional sport that is becoming increasingly popular. Camel and horse races are also held at various racetracks. Football has become more popular and can be seen in most large towns and there are three thriving rugby clubs in Dubai. Falconry is extremely popular among Arabs.

Transport:Public TransportRoads
There is no rail system in the UAE. Car hire and chauffeur driven cars are available for hire.

Taxis, car hire facilities, airlines and bus operators, all provide a means of travelling to and from the major airport

Much of the road is being upgraded and with many sections between Abu Dhabi and Dubai being upgraded. Surfaced roads link along the coast link all the emirates.
Crime rate:The UAE as a whole prides itself on a low crime rate and the crime rate in Dubai is decreasing year on year.
Main types of employmentWith only roughly 20% of the Dubai economy coming from through the Oil services and outputs, there had been a considerable amount of people employed within the tourism and services industry and the statistics prior to the onset of the Iraq war indicated a huge increase of tourism in the idyllic areas within the surrounding Dubai.

However, the war in Iraq has put major strain on the city and its tourist industry.

Others are mainly employed in manufacturing and trade.

Future plans:The immediate future prospects of the emirate’s tourist industry and its economic situation as a whole seem certain to be governed by developments in the rest of the Middle East.

Despite the continuing affair of the Middle Eastern disruptions the national carrier, Emirates Airlines, plans to increase flights and connections from London and other major western cities. The completion of the new terminal to accommodate this is expected to be complete by 2006.

Yield range10 – 15%
Type of propertyEntry Price Rent-



Off Peak

Average Annual Yield
2 bed apartment£15,000 £130£12010%
3 bed apartment£18,000 £200£20013.3%
3 bed townhouse£20,000 £240£24014.4%
Detached£23,000 £290£29015%

Demand for letting

PeakOff peak
Very highWith the beach hotels running at close to 90 per cent occupancy all year it is still high
Finance and leisure scores:Total (out of 10)Financial (out of 5)Leisure (out of 5)
Flights scheduled from:Frequent flights from major cities including London, Birmingham and Manchester.
Typical cost of flights:PeakOff Peak
250 – 500 GBP170 – 300 GBP
Operators:Emirates, British Airways, Royal Brunei airlines, Biman Bangladesh, KLM, Lufthansa, Alitalia, Cathay Pacific, Ghana Airways, Gulf Air, Kenya Airways, Kuwait Airways, Malaysia Airlines, Oman Air, Qatar Airways, Turkish Airways and Yemen Airways
Description:Dubai is the second largest of seven Emirates, and is split into two areas that are divided by the Dubai Creek. The Deira area is around the Dubai international airport and is the more traditional side of Dubai.  Bur Dubai is the more modern, cosmopolitan, business area on the other side of the creek.

NO TAX! – That’s the government policy.  Whether its income or capital gains there is no tax to pay.  Considering the properties are cheap here as well the likelihood of growth is high.  There are lots of off-plan developments for sale here but stay away!  There are plenty of re-sale properties that are just as good but half the price.

Due to the uncertainty over the war you will be able to pick up a bargain.  There are few buyers and if you find someone desperate to sell then bingo!  Accept that this hotspot is a risk in the short term but definitely not in the long term.

Hot Website:
 Estate Agents:NameAddressTelWeb
 Alpha properties Al Reem Tower
Office# 1301
Al Maktoum Street
Deira Dubai

PO Box 1038
Dubai UAE

+971-4 -

 Arenco Real Estate P.O. Box 9168, Dubai, UAE+971-4-
 Union Properties Union Properties

P.O.Box 24649, Dubai, UAE

+971 -4- 2046211

 Colliers International P.O. Box 71591
United Arab Emirates
+971 4 332
 Letting Agents: NameAddress TelWeb
 Union Properties Union Properties

P.O.Box 24649, Dubai, UAE

+971 -4- 2046211

 Colliers International P.O. Box 71591
United Arab Emirates
+971 4 332