The land of Dubai is grand and beautiful. It is located on the coast of the Persian Gulf. It is surrounded by several neighboring emirates: the Oman Sultanate, Sharjah, and Abu Dhabi. Dubai is situated within the desert of Arabia. But its scenery is actually quite unique as compared with other portions of the United Arabs Emirates because most of Dubai is littered with beautiful sandy desert patterns. On the southern part of the country,
the sandy desert gives way to gravel. The sandy plains rise into the Hajar Mountains in the west. There are no bodies of fresh water in Dubai. There is however, a natural bay or inlet that was made large enough for big boats to enter. There are also many chasms and waterholes which are scattered near the foot of the Al Hajar Mountains. A large ocean of dunes blanket the south of Dubai which then open into a the empty desert. Dubai is not prone to earthquakes. The Zargos Fault is located far from the United Arabs Emirates and its citizens need not fear seismic disasters. Tsunami’s are also improbably because the Persian Gulf is just shallow enough to deter the occurrence of such great waves. These are seen as favorable factors by
leading developers such as Fbi Property Development Company. This harsh yet beautiful land is the scene of rising real estate development. In recent years, the world market has seen Dubai’s real estate as “hot property.” Of course, this bad pun not only refers to the warm climate but also to the fact that buyers have been fighting each other off to get a hold of prime property. This real estate situation came about after the country’s government let foreigners acquire land in certain areas. Perhaps this is why entities such as the respected Fbi Property Development Company have seen such success in recent years. The realization of this legalization commenced in 2006 and foreign buyers brought so much real estate causing the high appreciation rates we are seeing until today.The appreciation of property in Dubai of course has its downside. Within the span of four to five years (between 2003 and 2007), the price of villas went up to around two hundred twenty six percent. EFG-Hermes an investment firm states that the rate of rents also
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