Press Room

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Dubai: World-Class Global Business Hub
ireport.cnn.com

Vision is one thing; executing that vision is another. Dubai is a place that marries the two and, as a result, delivers a business, finance, trade, logistics and tourism experience unlike that of any other city. The entire UAE has a liberal outlook and is committed to free trade. The country has a modern business infrastructure with high-quality, high-tech office space and well-established travel logistics, a beneficial fiscal plan for corporations and individuals, and a confident business atmosphere. Contrary to popular belief, only 30% of the nation's gross domestic product comes from oil revenues—an even smaller percentage in Dubai because of its diverse, robust economy. The UAE is a major consumer of U.S. goods and services, with $8.4 billion worth of imports. More than 500 U.S. companies have offices in the UAE, and nearly 20,000 Americans live and work here. The UAE and the U.S. are negotiating a future free trade agreement, but nothing has been decided yet.

Is Dubai the center of the world (again)?
www.cnn.com

Dubai's fortunes have revived since real estate crash and debt restructuring In a generation, Dubai has graduated from village to global financial center, demographic microcosm City has become crucial outpost for China; 2,000 Chinese companies registered there Country is open and tolerant; Parag Khanna says freedom of expression has suffered

Cost of buying property in Dubai almost nothing compared to Singapore, Hong Kong, London
www.emirates247.com

Knight Frank, an international property consultancy, has already ranked Dubai amongst the “hottest” property markets in the world. But that’s not all. The UK-based consultancy, which reviewed 15 global cities, in its new “Cost of Buying” report, said the purchase costs associated with buying a new-build residential property in the emirate is almost six times lower than Hong Kong and five times lower than Singapore.

Dubai could be world’s no 1 for tourists by 2020
arabianbusiness.com

Dubai could become the world’s number one destination for international visitors if it wins the right to host Expo 2020, it has been claimed. According to MasterCard’s latest Global Destination Cities Index, Dubai is set to be the seventh most popular destination city with 9.89m international overnight visitors in 2013, up 8.2 percent from last year.