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With enormous construction and development in various industries, Dubai has attracted world attention through innovative real estate projects, sports events, conferences and Guinness records.

Dubai Burj Al Arab

Dubai is unusual in that its population is comprised mainly of expatriates, with UAE nationals (Emiratis) constituting the minority. The majority of these expatriates come from South Asia and South East Asia. A quarter of the population reportedly trace their origins to neighbouring Iran.[2]. Dubai is also home to some 100,000 British and other western expatriates. The UAE government does not allow any form of naturalization or permanent residence to expatriates. However, foreigners are permitted to purchase and own property without a local partner or sponsor.

Nearly all of the commercial establishments are run by expatriates with a silent local partner who merely "rents" the business license for a negotiated annual fee without taking part in any capital investment. The numerous free trade zones allow for full expatriate ownership.

There is an increasing number of "freehold" villas and apartments on artificial islands such as the Palm Islands and in many parts of Dubai for example The Greens, Dubai Marina, International City, etc. Ownership is either permanent or on a 99 year lease depending on which area - freehold areas were announced in the press in July 2006[3]. Ownership or lease of a completed residence allows the owner to apply for (but not guarantee) a residency visa on a 3 year renewable basis. The Federal Government does not state whether foreigners may or may not own property and has left individual emirates to formulate their own property laws.

 




     
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