The Economical Aspects of United Arab Emirates And The Prominence of Real Estate Market in The Count

UAE is an Arab country which is situated on the southeast of the Arabian Peninsula. The state comprises of comprises of seven emirates namely Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al Khaimah and umm al Qhuwain. Abu Dhabi is the capital of the country and the centre of political, industrial and cultural activities. The country gained independence in 1971 and before its independence it was ruled by a truce of various Sheikhs. That is why it was known as Trucial States prior to its independence. It was also referred to as Pirate coast during 18th to 20th century due to the pirates operating from the ports of Emirates. The city is governed by the system of federal monarchy and the law is based on the 1971 constitution. Although the estates are governed by their respective emirates, there is only 1 president for the complete UAE. Islam is the official religion of the country while Arabic is the official language of the state.

The UAE has the highest per capita incomes in the whole world. The economy of UAE is mostly based on the oil and natural gas producing and trading business. The economy was so much dependent on the oil and gas business that in the absence of these two resources, the economy of UAE would have collapsed. Therefore steps were taken by the government to diversify the economy of the country by promoting and engaging in several other business activities and investing in a lot of sectors. One of these sectors is the tourism industry. A lot of steps were taken to boost the tourism of UAE. These attempts were successful and now a significant part of UAE revenue is generated by the tourism sector. Another sector that experienced boom due to the diversification of economy is the construction and Dubai Real Estate market of United Arab Emirates. There are more than 350 million dollars projects in the country that are being constructed by various firms. The industry has experienced such a great boost that real estate Dubai Abu Dhabi UAE market is considered a gold mine for any potential investor that wants to earn huge amount of profits on their investments in really short span of time.

Villas in Dubai Abu Dhabi are the most profitable pieces of properties in the whole UAE. These are the most desired properties that people traveling or living in UAE want to live in. These villas can be obtained by purchasing the villas from any real estate agents. These villas are also available on rental basis and can be acquired for both short and long term. A lot of companies and agents deal in the rent a villa business. There are a few villas in the UAE that are the most expensive and fabulous properties available in the whole world. Among these are Dubai Marina villas and Jumeirah Villas. These villas are quite expensive than the rest of the properties that are available in the region.

Due to the increasing significance of the real estate market in UAE, a lot of firms have started operating in the country that provides the mortgage calculator services. The services of these firms can be easily obtained by paying the required amount of fees.