Dubai Real Estate is Just another Offshoot of its Flourishing Economy

Dubai is located just at the right place to attract all the business from the neighboring countries and the region. It is also at a perfect location for being the center of all the investment that is to be done in the region by the businessmen belonging to other countries as it hosts a number of businesses that have set up their regional headquarters in this city. This great gift by the nature has helped it to attract all the business in the region towards it and that is why the economy of the state has become strong enough to attract thousands of expatriates from different countries of the world to come here and is utilizing their skill. This has certainly led to even more benefit for the economy as the prices of Dubai properties have increased manifolds due to these expats.

These incumbents normally come here for the sake of business and also for seeking jobs and this fact cannot be neglected that these businesses are the biggest source of attraction for the Dubai City and tourism comes next to it. There are people who think that the Dubai economy is based on oil export and tourism only but it is quite a wrong assumption because Dubai never enjoyed hegemony on oil in the United Arab Emirates and tourism was developed only after Dubai had made its mark as a business center.

This business charmed the skilled workers from all parts of the world to come here and work for a better earning and the South Asians took made full out of this opportunity. Expats from other countries also came here and in a very short time Dubai became one of the leading economies of the world. This, in turn, reproduced more business and the Dubai real estate also kept booming as these incumbents also buy and rent apartments and villas for living. Right now it is one of the most flourishing real estate markets in the world and ranked 12^th among the 27 best real estate markets in the world recently by Knight Frank Prime Global Cities Index and it is hoped that it will continue to rise steadily during the next several years.