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.
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.
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.
Dubai Marina, aka Marsa Dubai, is a district in Dubai, United Arab Emirates. It is an artificial canal city built along a 3-kilometre (2 mi) stretch of the Persian Gulf shoreline. As of 2018, it has a population of 55,052. When the entire development is complete, it will accommodate more than 120,000 people in residential towers and villas. It is located on Interchange 5 between Jebel Ali Port and the area which hosts Dubai Internet City, Dubai Media City, and the American University in Dubai. The first phase of this project has been completed. Dubai Marina was inspired by the Concord Pacific Place development along False Creek in Vancouver, BC, Canada.
Aldar Properties PJSC is a real estate development company owned by the Abu Dhabi government and with headquarters in Abu Dhabi, United Arab Emirates. The company's shares are traded on the Abu Dhabi Securities Exchange. The largest shareholder of Aldar is Mubadala, the UAE sovereign wealth fund.
The Dubai Waterfront was expected to become the largest waterfront and largest man-made development in the world. The project is a conglomeration of canals and artificial archipelago; it would occupy the last remaining Persian Gulf coastline of Dubai, the most populous emirate of the United Arab Emirates. It was planned to consist of a series of zones with mixed use including commercial, residential, resort, and amenity areas. The vision of the project is "to create a world-class destination for residents, visitors and businesses in the world's fastest growing city".
The Jumeirah Lakes Towers (JLT) is a large development in Dubai, United Arab Emirates which consists of 80 towers being constructed along the edges of three artificial lakes as well as the JLT Embankment of eight towers facing Jumeirah Islands. Initially JLT had four lakes, in late 2012 developer (DMCC) announced that lake Elucio would be drained and 55,000 m2 (590,000 sq ft) park would be created instead. Subsequently, Lake Allure has been renamed to JLT Lake. The total area covered by the lakes, waterways and landscaping will be 730,000-square-metre (7,900,000 sq ft). The towers will range from having 35 floors to having 45, except for the centerpiece, which is 66 floors. The tallest tower and the centerpiece of the entire complex is Almas Tower which is situated on its own island between Lake Almas West and Lake Almas East.
The Burj Al Alam was a proposed 108-story, 510 m (1,670 ft) hyperboloid skyscraper in the Business Bay area of Dubai, United Arab Emirates, though the project's roots are in a 101-storey design called "Fortune 101" and slated for the Dubai Marina area. It was designed to resemble a crystal flower. If constructed, it would have become one of the world's tallest buildings. The tower was one of the projects of the Fortune Group, which has a number of other projects in Dubai such as the Fortune Bay and Fortune Tower.
The Princess Tower is a 101-story, 413.4 m (1,356 ft) tall residential-only skyscraper located in the Marina district of Dubai, UAE. As of September 2022, Princess Tower is the third tallest building in Dubai, after the Burj Khalifa and Marina 101 and the 36th tallest building in the world. Princess Tower was the tallest residential building in the world from 2012 to 2015, when it was overtaken by 432 Park Avenue in New York City.
The economy of Dubai represents a per capita gross domestic product as of 2022 of US$46,665. Dubai has substantially transformed over the last couple of decades. More than 90% of the population are foreigners.
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.
Sama Dubai was an Emirati real estate company noted for its legal troubles, including arrests of senior management, during its brief existence.
Bay Central is a complex of three towers - the Central Tower, the Intercontinetal Tower, and the West Tower - in Dubai Marina in Dubai, United Arab Emirates. It was developed and is currently owned by real-estate and property development cooperation Select Group. The West Tower, and the Intercontinental Tower stand at a height of 42 floors. The Central Tower, consists of 50 floors. Construction was completed in December of 2012.
Dubai Meydan City is a new development under construction in the Ras Al Khor area of Dubai, UAE. The project was launched on the eve of the 2007 Dubai World Cup. The entire development will cover more than 40,000,000 square feet (3,700,000 m2) GFA on a land size of around 15,000,000 square feet (1,400,000 m2). Meydan city is expected to be completed in 2020, while Meydan Racecourse officially opened on 27 March 2010. The development includes hotels, sky-bubble restaurant, entertainment, clubs, a concourse plaza, IMAX movie theater, towers and a boat-house.
The following outline is provided as an overview of and topical guide to Dubai.
Emaar Developments is the UAE-based property development arm of Emaar Properties. The company develops residential and commercial property, shopping malls and other retail assets, as well as hospitality and leisure attractions.
Khaled Abdulla Al Qubaisi is an Emirati businessman and racing driver who is the chief executive officer of Real Estate & Infrastructure Investments at Mubadala Investment Company. In his role at Mubadala, Al Qubaisi has oversight over a portfolio of both physical and digital assets around the globe, which includes properties, real estate, and the consolidation of Mubadala's international infrastructure that offer long-term stable returns across business cycles.
A luxury apartment is a type of apartment that is intended to provide its occupant with higher-than-average levels of comfort, quality and convenience. While the term is often used to describe high-end regular apartments, or even typical apartments as a form of aspirational marketing, a true luxury apartment is one that is variously defined as being in the top 10% of transactions on the market, or having a total value of more than $4–5 million US dollars, with "ultra-luxury" apartments being valued above US$10 million. However, it can also mean any apartment with extra amenities, such as a doorman, yoga studios or bowling alleys, among others.
