Construction Wonders in Dubai

Why UAE gains more attention?

Emirates had emerged out as a leading nation with growing attractions in many areas. Among them construction business takes the lead role. When it comes to construction varieties of projects can be includes in the list starting from residential projects to industries, commercial centers, shopping malls, and in real estate circles. Dubai stands in the peak of boom creating epic changes in architecture and infrastructure. Starting from World Tallest Skyscraper Burj Khalifa to many more superlative projects, Dubai shares majority projects carrying biggest development aspects.

Ambitious Projects

In one of the recent studies published by Dubai Chamber of Commerce and Industry, construction sector in Dubai contributes of about 12.2% and grows annually at an average rate of 27%. It is one of the non-oil sectors that shares major portion of developmental aspects for the nation. This national aims to break several records over criteria of highest, longest, etc. Burj Khalifa Burj Dubai has beaten Taipei 101 with 2,684 feet.

Burj Khalifa Burj Dubai

A Look Back into the Growth History of Infrastructure

The point of extreme architecture was supposed to have begun during the latter half of 19th century with the biggest man-made port opened during 1979 at Jebel Ali in Dubai. During 1999, this nation became the centre of attraction for its first 7 star iconic hotel “Burj Al Arab” which was opened for commercial purposes. Within two decades of time there has been marvelous development in the construction sector of Emirates with spell bound architectural and infrastructural illustrations arising out making the world look at UAE with wonder.

7 star iconic hotel Burj Al Arab

Magnificence

Magnificence would be the first definition to explain the wonders of UAE’s architecture. Today, this nation holds its pride in reaching popularity status with the range of construction wonders that has been created within short intervals. The Government of UAE’s support and encouragement in this regard has to be admitted here as an important reason for the development.

wonders of UAE’s architecture

Structural Excellence

Structures play a major role in taking the nation to shine in the crowd. The Infinity Towers for instance is a stunning wonder with twisted structure at 90 degree angle. It is one of the must watch sights in Dubai Marina. The Wave like Jumeirah Beach Hotel is yet another accomplishment structured with nearly 20 restaurants and bars.

Jumeirah Beach Hotel

World Largest Mall

Mall or shopping centre occupies one among the infrastructure contributions of a nation and Dubai leads the role with the biggest shopping mall covering 1200 retail outlets and more than 250 options to choose for dining. It has been spotted to be one of the top sightseeing in Dubai that attracts maximum visitors among the world’s popular commercial centers.

World Largest Mall

Upcoming Wonders

Emirates does not appear to stop with the above successful construction projects, it has become a notable destination where both residents and expatriates can seek exclusive range of dwellings. It is a dream location for many who may also feel proud to have an asset. To make this feel more exiting there are several other projects in the list of upcoming wonders such as Burj al Alam with highest numbers of hotel rooms, The Commercial Tower, etc are among them.

Conclusion

Emirates is not just constrained for business or career opportunities alone, today, when it comes to construction wonders, UAE holds an unique position through the wonderful sky scrapers and complex form of structural works and residential projects. Hence, buying an asset in Dubai is the dream of millions around the world.

This article is posted by Mr.

Strategies Followed by Top Car Makers in Holding their Value in Arabic Nation

Tremendous Growth Statistics of Automobile Sale

UAE has been reported to have achieved 4-fold growth since the past decade sharing a profit increase from US$1.1 billion in 2004 to US $ 4.7 billion in 2013. Ibrahim Mohamed Al Janahi, Chief Commercial Officer and CEO of EZW says that the total vehicle sales in MENA has been estimated close to 4 million in a year and may reach 7 million by 2020. There are strong reasons which can be illustrated to support the growth of automobile sector such as the national wealth of this country, Government investment on building social and economic infrastructure.

Tremendous Growth Statistics of Automobile Sale

Increase of Luxury Cars

The growth of car sales has also shown considerable result in demand for luxury cars since the past two years. In 2013 Middle East car sales of some of the top brands like Jaguar, Land Rover, Bentley, Porsche, Rolls-Royce and BMW have reached 80%, 46%, 45%, 26%, 17% and 15% respectively. Since all these brands have their regional headquarters in Jafza, scope for sales of newer models of vehicles have increased considerably.

Increase of Luxury Cars

Expatriates Entry- A Valid Reason

The growing percentage of expatriates seeking opportunities and the existing resident base find considerable scope of earning with good salary packages in Emirates. The signs of improving salary packages encourage them to switch over investment in vehicles. Among them, investment on used cars is found to be larger from working community and this is one of the reasons that helps the market to reach peak in automobile business amidst other leading nations;.

earning with good salary packages in Emirates

Middle East Market-Hub for Automotive Industry

Customer Centered business dealing is yet another strategy that had helped to reconstruct into powerful automobile commerce. There is obvious difference in terms of growth from 2009 to 2012. Dealers are able to get good market share from the resources and this is also one another reasons that had helped to increase profit rates in UAE auto commerce.

Middle East Market-Hub for Automotive Industry

Regional Automobile Parts Distribution Center

Jafza is supposed to be the hot preference in destinations for top car makers such as Mercedes, Ford, GM, Honda, Toyota, Mitsubishi, etc. These companies have established their regional parts distribution in Jafza. This destination remains a suitable and favorable one for several manufacturing companies which deal with varieties of vehicles and automotives is one of the dynamic businesses in this free zone. The enhancement features for infrastructure.

Use of Technology

Use of technology like online classifieds, forums, and website information are other forms of technical resources or strategy preferred for successful business. This method also helps to bring down the cost of buying and selling pre-owned cars in Dubai.

Other Factors

Apart from the business oriented aspects, there is certain exclusive range of strategies which makers follow with, they are,

  • Getting good reputation through Car Dealers.
  • Degree of Consumer Protection.
  • Warranty Features.
  • Auctioning Cars-The Best Strategy.

One of the best and successful strategies to hold the market is perhaps auctioned cars in Dubai. It has become a leading destination where most of the top ranges of posh cars can be easily spotted. Gulf warranties

Conclusion

UAE is found to be the leading nation that deals with car business to a considerably profitable percentage. It is due to the strategic approach followed by car makers in tune with automobile market.

This article is posted by Mr.

The 5 Highest Paying Jobs in Abu Dhabi

The 5 Highest Paying Jobs in Abu Dhabi

It’s all about the Money

Due to the strong Economy this emirate has and the modern cityscape at display, expats often find working in Abu Dhabi to be a very lucrative alternative. Moreover, due to its incredibly small population, the economy of Abu Dhabi depends on expats who are qualified in different fields. Foreigners from various corners of the world hold jobs in a number of important sectors in the emirate of Abu Dhabi.

Furthermore, the tax-free incomes and jobs with high remuneration have enticed millions from all across the world. According to reputed websites, average salaries all across the UAE have increased by a figure of 5.3% and they are predicted to increase by 5.9% this year. The same website also suggests that Abu Dhabi is the second most popular city in terms of expat population with 20% of the expats living outside the emirate expressing a strong desire to reside here.

In the past few years, many large global organizations have relocated their business to Abu Dhabi. Those who have the desired skills and expertise find it quite easy to get jobs with desirable salaries.

The section to follow will discuss about the top five paying jobs in this emirate.

  • A job in Oil, Gas and Petrochemical sector

Putting it forth bluntly, executives in this sector are often known to earn loads. They may even come first when it comes to getting overpaid and that too all across the UAE.

“The Oil and Gas sector is well paying anywhere across the world. High oil prices and even higher demand has mean that high salaries are the norm” says Graham Whitworth, Senior Banking Consultant at Charterhouse partnership.

In addition to the high base salary and yearly appraisals, professionals in this field are also eligible for various benefits like hardship allowances and compensation pay in case of a hazard.

An individual can easily earn from AED 185,219 to AED 292,500 per year (as on 15th Nov) in this sector.

  • Banking and Finance

A sector that is growing at a rapid pace all across the UAE has witnessed immense growth in the capital too. While the investment bankers and CFOs in various organizations earn uncountable loads, people with the job of a Credit manager and financial analyst also earn a satisfying number. A professional in the field of finance

  • Pilots in the Major Airlines

It is fact known all across the globe that pilots are quite satisfied when it comes to remuneration.

First officers in any leading airlines like Etihad airways and Fly Emirates in Abu Dhabi earn highly paying packages along with numerous entitlements and benefits.

Pilots are paid on the basis of number of hours fliedknown as the block hours, up to a maximum of 83-92 hours. An additional salary is paid for every flying hour after 92 hours.

An employee working with these airlines might also have a share of profit on the basis of company’s performance in a particular year or month.

  • Real estate agents involved in high-end deals

In a country like UAE and that too it’s capital-Abu Dhabi, there is no shortage of luxurious properties. This consequently leads to commissions worth hundreds of thousands of dirhams with every deal for the agent.

A survey by Macdonald and Company, a real estate specialist in gulf has clearly indicated the fact that professionals in the industry have seen a hike of 5% and increase in bonuses by 8% with the current base salary remaining the same.

  • Jobs in the Law field

It might be somebody else’s misery, but lawyers make it a point to earn loads in Abu Dhabi. Well jokes apart, but it is a dire necessity for these professionals to keep themselves updated with each and every law be it local or international.

Figures by Hays.com- a reputed website clearly indicate that well qualified lawyer in Abu Dhabi easily earns between DH 30,000 to 40,000 per month.

Lawyers with the top notch firms representing large corporates earn money that they never stop counting. Hundreds of thousands of Dirhams are peanuts for them.

With Abu Dhabi’s rapid growth and the steep ascent it is witnessing in various sectors, you never know, even an employee from the healthcare sector or the marketing department of an organization might get a fat cheque. It all depends on making the right choice at the right time.

Anshuman KukretiAuthor Bio: Anshuman Kukreti is a professional writer and a keen follower of the global job market. An engineer by qualification and an artist at heart, he writes on various topics relating to employment across the gulf.

This article is posted by Mr.

Methods of Online Promotion

Online Marketing is a popular method used in today’s world for advertising and marketing of various products. It involves the use of internet as a platform to convey messages to customers. such advertisements include web banner advertising, display advertising and much more. online advertising includes of both a publisher who develops the online content of such ads, and an advertiser who procides the advertisement to be displayed. It has become a popular source of advertisement throughout the World and is adopted by most countries. Online Marketing in UAE is prominent due to huge audience and a large number of mixed religion residing in the area.

Some of the Methods of Online Marketing are-

  • Display Advertising: This form of method consists of advertising messages using text, logos, animations, videos and photographs. Display ads are used to target audience with particular traits. Such ads use cookies, which identify specific computers. Cookies can track which website a computer browses through and what type of products the user is interested in.
  • Web Banner Advertising: These are typically graphic advertisements displayed within a web page. Banner advertisements may use a media to incorporate various videos, animation, buttons, forms and other programs.
  • Pop-Ups/Pop-Unders: A pop-up advertisement is displayed above a website whenever a user opens a new browser window. A pop-under advertisement is similar to a pop-up in which the ad is displayed under the website.
  • Content Marketing: Content marketing is that form of online advertising where creation, sharing and publishing of content is required in order to acquire and retain customers. this type of advertisements include articles, blogs, e-books and case studies which provides useful information to the user.
  • Social Media Marketing: Social Media Marketing involves of commercial promotion displayed through social media websites such as facebook, twitter and linkedin. Many companies increase their promotion by offering special offers and frequently updating their products on such sites.
  • Online Classifieds: Online classifieds can be posted in a categorical list of specific products. Examples of such online classifieds are Online Real Estate Listings such as 99acres.com, online yellow pages and online job boards.

As a large part of the population is exposed to internet nowadays, Online Marketing has become a popular strategy of companies to promote their brands. Internet has become the most powerful media for manufacturers to introduce their brands to potential customers and reach the target audience. Firms spend a huge amount to promote their advertisements in social media and social networking sites.

Classified Portals: One Stop Solution To All Your Advertising Needs

A web portal for classified ads is a space on the internet where one can post any kind of advertisement with required information on the product or service that you are offering. Anyone can post their ads on these websites for free or by payment of a small sum of money. Usually these classified portals have dedicated categories for different types of products or services. The users can choose accordingly to post their ads which will make them more effective.

Advantages of Marketing through Classified Portals
The internet has made the world a lot smaller place and it is growing rapidly with millions of websites being developed every day. The Internet contains numerous Online Web Design Portals, where one can post any kind of ads for the growth of their business.

  • Websites where one can post free classified advertisements are one of the most important and basic tool for marketing any kind of product or services through the internet.
  • Classified portals will help you to get high traffic of customers because these websites are flocked by potential customers round the clock. It also helps in directing customers to your websites as they have the facility to add the links of your websites. So, in a way it helps in promoting your website.
  • Almost all the classified advertising websites allows its visitors to post any kind of advertisement for free.
  • Classified websites helps to target your audience based on your location. You can reach the regional market with the help of classified websites.
  • One more of the advantages of these classified websites are that you can post an ad instantly on them.

Classified portals are used worldwide for the promotion and selling of different kinds of products and services. They are a one stop solution to any kind of requirement. Some Classified Portal in UAE can help you in catching hold of anything that you need. It can be very helpful for anyone who is new in UAE.

Effective Use of Classified Advertisements

Advertising is a huge business with billions of dollars involved with it. Classified advertising has emerged as a Economic or Pocket friendly which is also effective. Classified Ads can also be posted for free. They were basically printed in the newspapers but with time they can be now published or posted on the internet as well. The internet with its many benefits has taken away a major portion of revenue earned from classified advertisement by the print media. Classified advertisements have proven to be more profitable for small businesses and individuals.

How to use Free Classified Advertisements effectively?
Classified ads have proven to be very profitable for start-up businesses, small scale businesses, and for individuals, whose budgets are little tight to spend on advertisements. Another benefit of these Online Classified Ads are that they can be accessed easily, which is why they are so effective.

  • Before you place an ad, there are few things that you should keep in mind. Your entity needs to be a registered business and you should possess a trade license. These things make your business and claims more legitimate for the prospective clients.
  • The classified ad should have a simple description or a catchy phrase that speaks about your business or product. This helps potential customers in understanding what exactly you are offering. The classified ad should also include your contact information.
  • It is important that you post your ads under the correct classifieds category that matches with your product or service. This will help you to reach the right customer base.
  • There are many Free Classifieds Advertising Website on the internet that provides a great platform to Post Your Classifieds for general business. It is advisable to Post Your Classifieds during the first week of the month.

Classifieds have been and will always remain one of the best means of advertising. Advertising through the internet is a smart investment or decision because it will take your business to a whole new level.

Advantage of Buying Property through Agent

How can Real Estate Agents assist you?

Real Estate Agents assist you

Home becomes a compulsory necessity for everyone. Sometimes it becomes quite ambiguous for people to find the right home that matches their requisites. Property agents are the right people to assist you in this regard. He would guide in all means starting from selection of home or apartment to pricing, papers, legal formalities, etc. In most of the nations, certified mediators take care of this role and they are authorized and reliable.

Certified People-Abide by Code of Ethics

Certified People-Abide by Code of Ethics

There is code of ethics even for mediators and all certified agents should abide by this code. In addition, there will be realtors association in respective nations and each representative has to stick to the rules. When you deal with such certified people, you can move confidently.

Expertise in Suggesting the Reasonable Pricing

Expertise in Suggesting the Reasonable Pricing

Those who have good experience in real-estate market would know the actual value of asset. He would be in a better position to judge if the estimation is genuine, reasonable and clear for buying or selling a home. For those who wish to sell, these people help them out to bring their property to the limelight for targeting audience.

Unbiased Help to Buyer and Seller

Unbiased Help to Buyer and Seller

A real realty person should act according to what the client’s prefer and not towards finding scope for his charge or income.

Maintain Database or Information of Available List of Homes

Maintain Database or Information of Available List of Homes

This is one of the recent developments adopted by negotiator who in turn make use of computer or software aids to update property selling and buying needs in database. They maintain location based details to make it easier for managing multiple preferences.

Assist in Paper Work or Documentation

Assist in Paper Work or Documentation

A good realty mediator can save your day in documentation or paperwork as these are always tiresome. Experienced people are well equipped with exploring little details which we may miss out.

More Awareness about Respective Asset

More Awareness about Respective Asset

A negotiator will have better understanding and awareness on the practical issues about the particular assets he deals with. He would be able to provide additional information or legal complications which may not be present in realty advertisement.

Keep Track of Records

Sometimes consumer may reject a house for sale or rent for some reason, yet he may wish to go back and choose the same. The role of agent remains worthwhile in redeeming the missed out asset as they would be maintaining records of people who have shown interest earlier. This would allow you to find answers to your questions about the house in future also.

Smooth Handling of Contract

When it comes to closure or completion of legal formalities, you may feel better if you get the assistance of someone who knows the better side of completing formalities. Negotiators can help both parties to stay free from risks or controversies and can be with the customer for any sort of confront that arises.

Conclusion

Mediators of immovable assets are experienced people and they can manage to let us go smoothly with complete set of things concerning selection, payment and documentation of property. With the advent of online classifieds websites like Oforo it has become further smart to pick the right property and explore into the details in a much easier way.

This article is posted by Mr.

Five Best Models of Luxury Cars in Dubai

What we usually refer to Luxury when it comes to Car?

Car is a special range of automobile which remains one of the top most things of inspiration irrespective of age, creed and status. There are many us who are just craze about spending for a luxury car. When it comes to lavishness, it does not only refer to the expensive aspects or size of the vehicle.

Significance of Lavish Four Wheelers

Luxury includes overall aspects such as bountiful interior, extraordinary driving experience yet smooth handling, power and economy in addition to excellent navigation aspects.

2012 Chrysler 300c Luxury Series

Top Global Destinations to buy the best model Luxury Vehicle

Nations including United Kingdom, Brazil, China, Malaysia, etc are some of the destinations where maximum number and varieties of expensive cars can be found.

Dubai in the Lead Role of Car Business

 In the recent decades Dubai leads the role in buying and selling used cars of the most popular makes. UAE had initially been referred to one of the prominent locations where job opportunities are available in surplus, but today it has become a world renowned place that deals with world’s classy aspects and cars remain one among them.

Top Extravagance Motor Vehicles to be purchased in UAE

As far as used vehicles are concerned, Emirates has moved to broad level in dealing with many of the renowned makes. This destination has now become a dream place to find the most posh vehicle models of vehicles at better deals.

1. Best Models from Toyota

Toyota is one of the best makes that has a sensible list of convenient car models including Tundra 2WD Truck Grade, Camry 4dr SDN 14 auto LE with fully automatic features, Corolla, Previa, etc.

Top Extravagance Motor Vehicles to be purchased in UAE

2. Mazda-Incomparable Design

Mazda CX-5, Mazda 3, CX-9 are some of the excellent models which bear several convenience features that flourishes the user with enjoyable experience.

3. Lamborghini

Lamborghini is an Italian brand and it is known as one of the best competitors of Ferrai sports car series. Car lovers are sure to fetch one if they take an opportunity to visit Dubai as they can find a second hand Lamborghini for sale at much unimaginable price yet with features undiminished.

4. Rolls Royce

Rolls Royce is one of the makes which many people are mad behind owning own. It is picked by car lovers for its exclusive shape, design and features. Visit Oforo and get Rolls Royce Ghost for sale or Rolls Royce Phantom VI, silver spur, and many more models at reasonable price.

5. Lexus –For those who Focus on Size

Lexus offers luxury cars which are comparatively bigger and spacious. Oforo brings you the reliable and suitable links where consumers can get a good deal of Lexus models at reasonable deal.

Conclusion

With the aid of online classified websites, it has become a opportune source for automobile enthusiasts to pick their desired models. Oforo is one among the classifieds websites that provides free advertisement service for buying and selling used cars. Consumers can get excellent deals of extensive range of luxury motor vehicle at reasonable price.

This article is posted by Mr.

Aviation Industry in the UAE: Flying Sky-High with Opportunities

Flying Sky-High with Opportunities

Long gone are those times when the idea of working in the UAE seemed synonymous to working in an oil refinery or in a factory to produce petroleum products. The new era has proven to be the harbinger of plentiful opportunities for the emirates and the people who desire to lead their professional lives here.

UAE which has shown significant boom in each sector like finance, real estate, education and manufacturing to stand proud as an economy not entirely reliable on oil, has witnessed proliferated growth in other sectors as well. Aviation being the foremost one.

A sector which has contributed more than US$ 39.47 billion to the UAE economy during 2012 has seen massive growth during the last two years.

Aviation Industry Witnessing a Steep Ascent

“Dubai International Airport handled nearly 66.4 million passengers in 2013 compared to the figure of 57 million in 2012.”

“Hawker Pacific brokered a deal for 10 Bell 525 Relentless helicopters with Abu Dhabi Aviation in 2014”

Interpretations can be numerous, but the bottom line is – the aviation industry in the UAE is on the rise with jobs in this sector increasing with an exponential speed too.

Moreover, going by the increase in UAE aircrafts, one can easily infer the fluidity with which the aviation sector in the country is expanding its network.

UAE fleet Growth

Source: https://www.gcaa.gov.ae/images/datafiles/StrategicPlan/GCAA%20STRATEGIC%20PLAN%202011-2013-English.pdf

To implement the ambitious plans put forth by numerous airlines companies in the UAE, airports have started embarking on expansion plans to upgrade the present infrastructure. The airports in the country are planning to invest nearly US$ 50 billion over the next five years to provide an additional capacity for 200 million passengers.

Air travel in the UAE has immensely facilitated economic growth, trade with foreign countries, investment in the global market and tourism. Over the past decade the air travel rate has grown by 6 percent a year, which has motivated the aviation sector to come up with varied airline models like hub carriers (Emirate airlines and Etihad airways) and budget carriers (Air Arabia and Fly Dubai) that cater to the passengers according to the time zones they live in. This has also lead Emirate and Etihad to be amongst the top 10 airlines of the world.

The rapid ascent can majorly be attributed to the emergence of Dubai and Abu Dhabi as the commercial, financial, distribution and tourism centers in the Middle East and the location that has proved to be quite lucrative, as these emirates serve as connecting hubs for traffic moving between North & South America, Europe and Africa.

As far as employment is concerned, the emirates Oxford economics reports suggest that nearly 139,000 jobs have been created through Dubai airports and the different aviation field businesses in the emirate. Similarly Emirates group supports employment for 107,000 through direct, indirect and induced ways- accounting for a combined 259,000 jobs.

Expectations in the future

Adel Ali, Chief Executive, Air Arabia says that the aviation sector in the UAE has a bright future. However, the industry will have to contend with challenges like oil prices and volcanoes, but a hopeful future is still expected.

In emirates like Dubai, the sector is expected to contribute nearly US $ 44.5 billion to the GDP by 2020 with the creation of nearly 372,900 jobs during the same period.

The fact that UAE is expected to reign as the foremost driver of air traffic in the gulf region, is making the sector witness further growth in this country. A 6.6 % CAGR in passenger traffic is also expected between the period 2012-2017.

With all statistics going in the favor of a massive boom to be observed in this sector, it’s just a matter of time, when the UAE aviation industry will be the nucleus for the most talented professionals from all across the globe. So, if this field entices you to the core, all you need is to give your best shot and start hunting for an aviation job in the seven princely emirates.

Author Bio: Anshuman Kukreti is a professional writer and a keen follower of the global job market. An engineer by qualification and an artist at heart, he writes on various topics relating to employment across the gulf. Reach him @ Twitter and Google+.

This article is posted by Mr.

Awards 2014 for Residential Contractors and Real Estate Projects in Emirates

“A nation is the same people living in the same place”. To prove the words of famous writer James Joyce Emirates remains a destination that never makes you feel to leave. It is the nation which is filled with excellent features of development over all standpoints. Be it from technological scenario or infrastructure or industrial for instance, today Emirates remains one of the spontaneous locations that flash into the minds of people when they are asked to tell the favorite destination. It is a place for hope and positive destiny for many from across the world. The country’s growth is tremendous is obviously proved one and known for world renowned and incomparable architectural progress. There is lot of things which can be illustrated here to reflect on unmatched improvement, especially, when it comes to real estate and property growth, UAE is sure to be included in the talk.

Support for Property Development on Encouraging Plane

Dubai property market is aiming to balance the variations in affordable housing. There is lot of attractions provided for construction projects in the form of investments and awards. This has been one of the strong motives for more and more successful projects to emerge out successfully. In addition, construction and real estate sector in Emirates also find reliable means of responding to the market demand and at competitive cost. According to research reports, the awards, recognitions and project approvals provided during 2014 is found to have registered excellent climb since the past 6 years.

Awards and Recognitions Provided for Property Sector in Dubai

Julian Herbert, Director of MEED Projects observes that “civil construction projects in UAE represent 75% of awards in the first half of 2014 winning over $20bn and UAE has become the biggest of GCC market and reached excellent position which it had not been able to capture since 2008. Find out the top awards and values obtained by contractors and construction companies during 2014.

Awards and Recognitions Provided for Property Sector in Dubai

Important Causes that Strengthened Residential Construction Projects

  • There is great difference can be seen among popular residential communities which appear to have rushed forward by 30 % during 2013.
  • Scope for new as well as off-plan projects has increased substantially and as a result, certain aspects concerning growth of property was identified to have been strengthened. This is in spite of the redefined mortgage regulations imposed by bank for housing loans.
  • Dubai market now started considering immovable asset market to travel on equal terms with that of global as the outcome has proved to bring great profit on investment.
  • A recent report says that real estate in Emirates accounts for having acclaimed one fifth of investment wealth when compared to global market.
  • Internal destinations like Dubai Marina, Jumeirah Lake Towers, etc have been witnessing high price hikes when compared to the earlier years and the data shows nearly 41% increase in price.

Conclusion

UAE is one of the hot spots for developmental features and construction and real estate sector takes the lead role. The awards and recognitions provided for contractors and construction companies clearly illustrates the transformation which Emirates has been facing since the past 6 years and the raising popularity in the world market.

This article is posted by Mr.