The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East, with a gross domestic product (GDP) of US$415 billion in 2021-2023.
The Emirate of Ajman is one of the seven emirates of the United Arab Emirates. It joined the United Arab Emirates federation on December 2, 1971. It has an area of 259 square kilometers, which makes it the smallest of the emirates in terms of area, while its population of approximately 504,846 in 2017 according to the Federal Competitiveness and Statistics Center makes it the fourth most populous emirate in the country. It is named after the city of Ajman, which is its seat of government. The main landmass of the emirate is a semi-enclave, surrounded on the north, east, and south by the Emirate of Sharjah.
Dubai is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the country's seven emirates. Founded in the 1800s as a fishing village, Dubai has emerged as a major center for regional and international trade since the early 20th century and early 21st centuries with a focus on tourism and luxury. It has the second-most five-star hotels in the world and the tallest building in the world, the Burj Khalifa, which is 828 metres (2,717 ft) tall. In the eastern Arabian Peninsula, on the coast of the Persian Gulf, it is a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub.
Dubailand was an entertainment complex planned to be built in Dubai, United Arab Emirates, which was owned by Tatweer. When announced in 2003 it was one of the most ambitious leisure developments ever proposed anywhere in the world costing $64.3 billion, but development has been severely impacted by global recession and Dubai's financial crisis. The development was put on hold in 2008, due to the global financial meltdown of 2007-2008, but resumed in mid-2013. Updates in 2013 showed that $55 billion had been raised towards the works.
Emaar Properties is an Emirati multinational real estate development company located in the United Arab Emirates. The two largest shareholders are Dubai ruler Mohammed bin Rashid Al Maktoum and the UAE's sovereign wealth fund Investment Corporation of Dubai.
Nakheel Properties is a real estate development company based in Dubai, United Arab Emirates. The formal name of the company is Nakheel PJSC and it was a subsidiary of Dubai World and a private state-owned enterprise.
Falcon City of Wonders (FCW) is a Dubai-based real-estate project was founded in 2005. The project include international-themed villas, spacious apartments, shopping malls, hotels, business offices, fine-dining restaurants, health clubs, spas, nurseries, schools and parks. When viewed from above, the development resembles a falcon, the national bird of the UAE, with the Falcon Mall forming the head of the falcon. As of 2022, the project has only completed the Left Wing of the city, with major portions still on hold. It is located in Wadi Al Safa 2, a short distance from the Global Village and the Arabian Ranches.
The government of Dubai took a decision to diversify from a trade-based, oil-reliant economy to one that is service and tourism-oriented. This has made real estate and other developments more valuable, thus resulting in a property boom from 2004 to 2006. Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or are to be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction cranes, which are 25% of cranes worldwide, are operating in Dubai. Due to the burst of construction, Dubai has acquired various building-related records, which include: the world's tallest tower, the world's largest shopping mall, the world's largest fountain and the world's tallest hotel. Also under construction is Dubailand, which will be almost twice the size of the Walt Disney World Resort.
Arabtec Holding PJSC, Dubai's most heavily traded and largest construction group in GCC together with its subsidiaries, provided construction services for residential, commercial, oil and gas, infrastructure, power, facilities management, and property development sectors in the United Arab Emirates and internationally. It operated through Construction; Mechanical, Electrical and Plumbing; Oil & Gas, Infrastructure and Power; and other segments. The company was involved in the construction of high-rise towers, buildings, and residential villas, as well as drainage, electrical, mechanical, and plumbing contracting, and civil and infrastructure construction works. It also engaged in real estate investment, development, leasing, and management activities. In addition, the company manufactured precast panels and steel structures, as well as ready-mixed concrete
Majid Al Futtaim Holding is an Emirati holding company based in Dubai. The family-owned conglomerate owns and operates shopping malls, retail, and hotel establishments in the Middle East and North Africa.
Dubai International City is a country-themed collection of residences, businesses, and tourist attractions. Spreading over an area of 800 hectares, the arrangement of the city is inspired by the traditional carpets of the Middle East. Once completed, Dubai International City is divided into multiple phases, each with its own set of residential and commercial clusters. Dubai International City is located in the Al Warsan region of Dubai, close to the Dubai Central Fruit and Vegetable Market.
Dar Al Arkan Real Estate (DAAR) (Arabic: دار الأركان) is a Saudi Arabian property development company. It is the largest developer by market value in Saudi Arabia. Dar Al Arkan is also involved in the acquisition, development, construction, maintenance, demolition, and restructuring of residential and commercial buildings. Based in Riyadh, it was established in 1994.
Cityscape Abu Dhabi is a real estate event, taking place in Abu Dhabi every year since 2007. It include real estate exhibition, seminars and conferences, and is attended by real estate developers, investors, government representatives, consultants and architects. It is organised by Informa Exhibitions. Sister events of Cityscape Abu Dhabi are Cityscape Global, Cityscape Egypt, Cityscape Riyadh, Cityscape Jeddah, Cityscape Qatar, Latin America and Cityscape Asia.
GEMS Education, founded as Global Education Management Systems (GEMS), is an international education company. It is one of the world's largest private school operators, and as of late 2022 it operates more than 60 schools across the Middle East and North Africa, and also has schools in Asia, Europe, and North America. Founded in Dubai by Sunny Varkey, the firm provides pre-school, primary, and secondary education.
DAMAC Properties is an Emirati property development company, based in Dubai, in the United Arab Emirates. Founded by Hussain Sajwani, it was listed on the Dubai Financial Market in early 2015. The company was delisted in 2022 after it was taken private again; Sajwani, who retained 72% of all shares, purchased the remaining shares for 2.19 billion AED. The company operates internationally.
Arabian Travel Market, known as ATM, is a travel and tourism event, organized annually in Dubai to provide a platform for inbound and outbound tourism professionals in the Middle East and gives information on tourism destinations, accommodation options, tourism attractions and aviation industry in the Middle East and around the world. The event is organized by Reed Exhibitions.
Dragon Mart is a set of two adjacent shopping malls in Dubai International City, a suburb of Dubai, United Arab Emirates. Dragon Mart is 1.2 kilometre long and is the "largest Chinese retail trading hub outside mainland China". It is includes the largest concentration of Chinese businesses in the UAE.
Abu Dhabi Financial Group (ADFG) is a global investment management group, headquartered in Abu Dhabi.
Hussain Sajwani, is an Emirati billionaire businessman and the founder of the property development company, DAMAC Properties, and his private investment company, DAMAC Group.
