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The emergence of Dubai's lively real estate market was briefly checked by the global financial crisis of 2007–8, when Dubai was bailed out by Abu Dhabi. [31] The recovery from the overheated market led to tighter regulation and oversight and a more realistic market for real estate throughout the UAE with many 'on hold' projects restarting.
Information about the land conditions can be given when the Dubai Land Department studies the condition of Land relations. In November 2013, Dubai Land Department launched an online real estate portal designed for sale, rental and auctions of properties, as well as for exchanging private and public real estate information. [2]
The Microsoft sign at the entrance of the Dubai Microsoft campus, Dubai Internet City Dubai Maritime City, Dubai under construction in 2008. A free zone authority is a designated economic area governed by its own set of regulations, which differ from those applicable to businesses outside the zone.
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
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All the artificial islands in front of the relevant section of coast are also part of the sector. It is the most populous sector of Dubai with a presence of over 1,200,000 residents (2021 data). Bur Dubai from the view in Dubai Creek Burj Al Arab Financial Center (Trade Center 1 & 2) and Downtown Dubai Dubai Marina (2008)
A shared kitchen in student accommodation at the University of Exeter in England. Co-living [1] is a residential community living model that accommodates three or more biologically unrelated people living in the same dwelling unit. [2]
In 2018, the country topped the list for the fourth year in a row with a total spend of $30.82 billion, a 3.8% increase over 2017 ($29.70 billion). The average spend per day was $553. [16] In 2019, Dubai attracted a total of 16.73 million tourists, which was an increase of 5.09% on the previous year.