Dubai Emirate, UAE

Dubai (in Arabic: دبيّ‎, transliteration: Dubayy) is one of the seven emirates and the most populous city of the United Arab Emirates (UAE). It is located along the southern coast of the Persian Gulf on the Arabian Peninsula. The Dubai Municipality is sometimes called Dubai city to distinguish it from the emirate.

Written accounts document the existence of the city for at least 150 years prior to the formation of the UAE. Dubai shares legal, political, military and economic functions with the other emirates within a federal framework, although each emirate has jurisdiction over some functions such as civic law enforcement and provision and upkeep of local facilities. Dubai has the largest population and is the second largest emirate by area, after Abu Dhabi. Dubai and Abu Dhabi are the only two emirates to possess veto power over critical matters of national importance in the country's legislature. Dubai has been ruled by the Al Maktoum dynasty since 1833. Dubai's current ruler, Mohammed bin Rashid Al Maktoum, is also the Prime Minister and Vice President of the UAE.

The emirate's main revenues are from tourism, trade, real estate and financial services. Revenues from petroleum and natural gas contribute less than 3 % (2008) of Dubai's US$ 37 billion economy (2008). Real estate and construction, on the other hand, contributed 22.6% to the economy in 2005, and now contributed 26 % in 2008 Dubai has attracted attention through its real estate projects and sports events.

On 2 December 1971 Dubai, together with Abu Dhabi and five other emirates, formed the United Arab Emirates after former protector Britain left the Persian Gulf in 1971. In 1973, Dubai joined the other emirates to adopt a uniform currency: the UAE dirham. In the 1970s, Dubai continued to grow from revenues generated from oil and trade, even as the city saw an influx of Lebanese immigrants fleeing the civil war in Lebanon. The Jebel Ali Free Zone, comprising the Jebel Ali port (reputedly the world's largest man made port) was established in 1979, which provided foreign companies unrestricted import of labour and export capital.

Source : www.wikipedia.com

Lucrative Overseas Property Investment in Abu Dhabi

Abu Dhabi is one of interesting cities in UAE, besides Dubai. Real estates in Abu Dhabi are lucrative overseas property investment for many riches today.
Abu Dhabi, the capital of the UAE is a city that has managed to stay rooted to its Arabian culture and heritage, despite all and sundry comparisons to its buzzing neighbor, Dubai. It may not be flashy and ritzy as Dubai is, but it surely is the most soulful city of the UAE. Exuding Arabian charm and a laid back way of life, Abu Dhabi is for all those who enjoy life in the slow lane and need time to stop and stare.

Over the years, Abu Dhabi has become the cover page of UAE’s booming economy. Abu Dhabi has something to offer for everyone; combining year round sunshine with the serenity of the desert, vast stretches of white sandy beaches, rugged mountain terrains, spectacular sand dunes. Abu Dabi has also provides world-class facilities for leisure and recreation.

Following the trends in the property market all over the UAE, Abu Dhabi realestate is also increasing demand day by day. The demand for homes and commercial property in Abu Dhabi, has gone up tremendously.

With all the fascination that Abu Dhabi has, Abu Dhabi properties become the choice to overseas property investment. Now, what you need to do is find listings of properties in Abu Dhabi, UEA that give you thorough information.