Dubai Hills is one of the greenest areas of the city. It is conveniently located in the center of New Dubai, next to the Al Khail Road. The business card of Dubai Hills is a magnificent 18—hole championship golf course. The area is divided into three main zones, each of which houses villas, townhouses and multi-storey complexes with spacious apartments, as well as shopping centers, restaurants and cafes.

Dubai Hills is a part of a large elite area of Mohammed bin Rashid City. This community is well located, because it is convenient to get to it from other, already completed areas of the city. The cost of luxury real estate in Dubai Hills increases in proportion to how this area is being built up, because very soon, in addition to villas and apartment buildings, there will be its own malls, restaurants, as well as a unique 18-hole golf course, which will become a place of attraction for all fans of this game

The developers are leading companies.According to the idea, the project will be a combination of residential neighborhoods, gardens and parks, golf courses, pedestrian and bike paths. The area allocated for the development is more than 11 million sq.m. MBR City is a new district of Dubai, named after the current Sheikh Mohammed bin Rashid, located south of Business Bay. In the near future, the pink and purple branches of the Dubai metro will be carried out, which will provide quick access to residents not only to the central areas of the emirate, but also to Al Maktoum airport

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Downtown Dubai is the central district of the emirate, built up with luxury apartments. There are world–famous attractions here – the Burj Khalifa Tower, the Dubai Mall and the famous Dancing Fountains

Downtown Dubai is an ideal place to invest in premium real estate in Dubai. This is the second most popular and sought-after area among wealthy buyers and investors after Dubai Marina.

Downtown Dubai is a huge residential and commercial complex with an area of 1.5 km2, located in the north of the emirate. The area is continuously developing, so some parts of it are still under construction. It is home to some of Dubai’s most famous landmarks, including the Burj Khalifa, the world’s largest shopping mall, Dubai Mall, Dubai Fountain and the Dubai Opera.

Nothing helps to get into the flavor and culture of Dubai like its sights:

• Burj Khalifa
• The Dubai Fountain
• The Dubai Mall
• Old Town

• Dubai Opera

Popular public beaches, such as Jumeirah Beach, can be reached in just 15-20 minutes by car or 45 minutes by bus. The drive to the Open Beach (Open Beach) by car or taxi takes 15 minutes. In addition, Downtown Dubai has many swimming pools. They can be found in almost every residential complex in the area. Since the area of the district is limited, multi-storey buildings predominate here. The most common type of real estate in Downtown are one– to three-bedroom apartments (including serviced apartments) and penthouses.

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One of its main attractions is the multifunctional complex Al Habtoor City, which includes hotels, high—rise residential buildings and restaurants. There is also a unique La Perle aquatre, on the stage of which a theatrical show staged by the world-famous director Franco Dragone takes place

A business center and a place to live — this can be said about the residential area of Dubai — Business Bay. Business Bay is located near the Dubai Canal, this area is compared to New York’s Manhattan. The buildings combine commercial, residential and multifunctional buildings. Compared to other areas of Dubai, Business Bay is a young area, construction began in 2003

By purchasing a property in this area of Dubai, you will be provided with everything you need for a comfortable stay. 4 kindergartens have been built for families with children. School education can be obtained in several institutions that offer English, American and Indian education systems. The duration of study depends on this, 12 years are taught in schools with an American program, 13 years in a private Indian school. In your free time, you can stroll along the embankment by the man-made Dubai Canal. There are several hospitals in Business Bay, including the Emirates Hospital Clinic General Practice Hospital and a branch of the popular Aster clinic chain. Shopping can be done in supermarkets, here are the largest of them: Al Maya Burj Downtown, West Zone Fresh, Spinneys Bay Avenue. The catering industry is represented by restaurants of the most diverse cuisine: Italian, Thai, European, Japanese.

The area is located along the man-made Dubai Canal. The nearest public beach is Jumeirah Beach. It is just a 15-minute drive from Business Bay. You can walk not only shopping, but also in the green park, which is located in the very center of the district. There is also a place that is reserved specifically for walking pets — Burj Park.

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The UAE authorities have announced the resumption of the flying taxi program, they plan to launch them by 2026. Dubai plans to equip two launch pads for flying taxis near the busiest international airport in the world.

The partner of the program will be the American venture aviation company Joby Aviation, and not the Chinese EHang 184 and XPeng X2 or the German Volocopter, as previously reported. The developments of Joby Aviation were presented at the World Government Summit in Dubai on February 13

The Joby Aviation prototype can fly more than 240 km without recharging — this will allow it to get from the starting point to Abu Dhabi and other parts of the country. The air taxi takes off and lands vertically. Its maximum speed is 320 km/h. In addition, the initiative to launch an air taxi is fueled by the desire of local authorities to abandon gasoline and diesel cars. Dubai expects that by 2030, a quarter of all cars on the country’s roads will be self-driving.

The information says about the approval of the design of the so—called vertiports – these are locations for boarding and disembarking future air passengers. So far, we are talking about four key places from the point of view of business and tourism: the international airport, the business center of the city, the artificial archipelago of Palm Jumeirah and the Marina district. At each point there will be two launch pads and four places to recharge flying cars.

According to preliminary data, the cost of an air taxi flight will be comparable to local prices for trips in limousines or slightly higher.

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Dubai’s economy is the second largest in the region

Last year, the UAE accounted for 10.2% of the financial wealth of the Middle East and Africa, and this share will only increase, according to Boston Consulting Group forecasts. By 2026, the financial wealth of the UAE should grow to $1 trillion.

Oil in the Dubai Economy: Overcoming Addiction

The UAE is considered the most diversified economy among the countries of the Persian Gulf, but so far Dubai is the only emirate whose welfare does not depend on oil.

Diversification of the economy of the rest of the emirates is one of the main goals of the UAE government. In the first half of 2022, UAE non-oil trade exceeded a trillion dirhams for the first time. It grew by 17% and amounted to $431 billion. Non-oil exports in the same period grew by 8% to $49 billion, while imports grew by 19% to $158 billion.

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The UAE, according to official information, ranked third in the world not only in terms of living standards and trade, but also in terms of the effectiveness of government initiatives, leaving 64 countries behind.

Along with this, the UAE in the International Competitiveness Ranking 2021, which was compiled by the Institute for Management Development and published on June 18, 2021, occupies the third position in terms of the effectiveness of government management of the country and ninth place in terms of economic indicators. At the same time, the UAE ranks 28th in terms of infrastructure development, including not only healthcare and the environment, but also scientific, basic and technical infrastructure.

The Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum said that the UAE ranked first among all countries in the world in twenty country development indicators. At the same time, the country became the first in the world in terms of the ability of the authorities to work in the new conditions and entered the TOP-10 countries in the world in terms of competitiveness.

DUBAI RESULTS VS COMPETITORS

In general, reports show that the emirate has grown in all key indicators and indicators of the calculation of foreign direct investment in comparison with the previous year. Estimated capital inflows from such investments exceeded $7.07 billion.

In 2021, the emirate was able to attract foreign direct investment to create 43 regional headquarters for large international corporations (HQ FDI projects).

On this dimension, Dubai ranked first in MENA and second in the world, behind only the traditional leader, Singapore. At the same time, the emirate overtook the performance of such cities as London and New York. Dubai also ranked third in terms of capital inflows to finance HQ FDI, which totaled $762 million according to fDi Markets.

But still, in terms of the number of “Greenfield” projects, Dubai was able to overtake Singapore. Last year, 50 such projects were recorded, which is a historic achievement for the emirate. In fact, the city sets a record in such projects for the second year in a row. In 2020, Dubai accounted for 2.1% of all Greenfield FDI projects around the world. In 2021, the share has grown to 2.8%.

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How to make money on real estate in Dubai

To rent an apartment in Dubai for short-term rent, investors often choose hotel units. The convenience of buying a hotel room is that the owner will not need to look for tenants, populate them and monitor the condition of the property. The entire rental business, from marketing to cleaning and handing over the keys, is taken over by the hotel. The yield of such objects is 6-12% per year.

Off-plan purchase and resale income

Property prices in Dubai are rising rapidly, so many people buy property under construction in order to sell it at the commissioning stage and capitalize on the difference in value.

The Dubai new build market is regulated by the escrow law: before the start of construction, the developer is required to put approximately 50% of the construction cost on an escrow account in the form of cash or in the form of certain bank guarantees. Further, the developer will be able to use these funds only after the project is completed by 50%. With the introduction of such regulation, the number of unfinished projects in Dubai has significantly decreased, which means that the risks of the investor have decreased: it is simply unprofitable for the developer to stretch the deadlines or “freeze” the project.

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One of the pride of the Middle Eastern “oasis country” UAE is its educational system, recognized by the world community as the most modern. This is not surprising, since it is quality education that is one of the priority state programs of the United Arab Emirates. This makes education a leader in the world ranking in terms of prestige and demand. Having adopted the centuries-old experience of the developed countries of the world in the field of education, the UAE government has created its own unique system of education, using a completely new methodological base. And today education in the UAE is a universal symbiosis of innovation, technogenicity and traditions. In addition, the high level of educational potential and the interest of the population initiated the creation in the country of elite universities of the international category and scientific and educational centers of the world’s largest technical companies.

Stages of education

There are two types of education in the UAE – public schools and private institutions. In the former, predominantly Arab children study, but recently foreigners have also been able to attend public schools. True, such training for them is paid. Private institutions are focused on national diasporas, where the entire curriculum meets the school standards of the countries of certain ethnic groups. This also determines the difference in teaching languages. However, the most common are still English and Arabic.

The education system in the UAE, like in many Western countries, is structured and consists of several stages. Secondary education as compulsory is enshrined at the legislative level. It lasts 12 years and is absolutely free.

Since the state pays great attention to the level and quality of education, all private educational institutions are subject to systematic ministerial inspections, and if they do not meet the required standards, they may be deprived of a license to operate. Notable features that distinguish the schools of the UAE from Western ones are the separate form of education for boys and girls, as well as the compulsory study of the Arabic language and the basics of Islam. The process of obtaining education consists of certain stages and includes:

• Children’s preschool education (kindergartens).
• Primary school.
• Preparatory school.
• Middle or high school.
• Vocational educational institutions.
• universities. Preschool education (4-5 years)

In fact, it is a preparatory stage of primary education. It is created in the form of training centers on the basis of schools, which, in turn, brings the educational process closer to the school atmosphere. Thus, the child not only acquires the cognitive skills he needs, but also mentally prepares for future long-term studies. Reading, writing and arithmetic form the basis of the kindergarten program. In addition, well-known world methods of early development and strengthening of physical health are actively used.

In general, the environment in preschool centers, which are under close state control, is safe, comfortable and maximally contributes to the comprehensive, harmonious development of the baby. Pre-school education in the UAE is not compulsory and must be paid for. If there are places in the kindergarten, registration is made throughout the school year. Also, some centers for children provide summer camps.

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The UAE has established strict oversight of the healthcare sector by the Ministry of Health and Prevention, abbreviated as MOHAP (Ministry of Health and Prevention). At the local level, this area is regulated by the relevant authorities, for example, in Dubai, this task lies with the Dubai Health Department – DHA (Dubai Health Authority).

To visit public medical institutions, a foreigner needs to apply for a DHA – Health Card

The share of private medical centers here accounts for almost 85% of the market, while the remaining 16-17% remain public clinics. At the same time, foreign residents may well be served in public institutions on an equal basis with local ones, but visitors still choose clinics based on their insurance more often. One reason is that there are more English-speaking professionals employed in the private sector. For many expats, it is easier and more convenient to communicate with them, especially when it comes to health, where when discussing details it is very important to come to a complete understanding with the doctor.

Important! Sometimes it makes sense to apply for both a card and a visa in order to gain access to a wider range of services and a choice of specialists. Moreover, the card can be obtained both for an adult and for a child. Today, expats most often make Health Cards for children in order to be able to administer vaccinations that are not covered by a standard policy.

In conclusion, it is worth repeating that medicine in Dubai has been one of the priority areas for the past few years. Today, there is everything to attract both domestic and foreign patients: JCI-accredited clinics with advanced technological equipment, modern infrastructure, first-class specialists who speak different languages, strict adherence to the highest quality and safety standards.

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