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Property Dubai - An Established Tourism Market

Ex-pat demand for property in Dubai is also creating a strong market in off-plan apartments, with around 300,000 apartments planned for the next few years alone.

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Tourism United Arab Emirates (UAE)

The importance of tourism has grown rapidly in the UAE, with luxury facilities, unrivalled weather, and easy access attracting visitors from around the world, and accounting for 0.5% of total tourist demand worldwide. The UAE tourist industry is forecast to generate $33,920 million in 2007, growing to $53,330.6 million by 2017, with total demand expected to grow by 9.5% in 2007 and 4.9% per year until 2017.

Tourism Dubai

Dubai has a thriving economy and a booming tourist industry attracting interest and investment from around the world.

The most popular destination of the UAE is Dubai, whose immense commitment to tourism is clear. According to the Dubai Development and Investment Authority, tourism is the fastest growing sector of Dubai's economy, with 11.6% of its GDP invested into the sector, representing no less than $1.9 billion of economic activity.

The Government's vision is to increase the number of visitors to Dubai from 2.8 million in 2000, to 10 million by 2010, and they are well on target for this figure.

More than six million visitors were recorded in 2006, generating $3 billion into the region and creating an impressive 82% hotel occupancy, - second only to London and New York (Source: The Department of Tourism and Commerce Marketing).

Millions of Transit Visitors

What's more, this figure does not include the millions of transient visitors each year, who use the country as a hub of international air travel, en route to the Far East, Australia, and exotic destinations such as the Maldives or the Seychelles. Dubai International Airport handled 28.78 million passengers in 2006, registering growth of 16% on 2005 figures, and arrivals are expected to increase to 33 million by the end of 2007, according to Dubai government statistics.

Continuous Growth in Tourism

Growth of both Dubai's tourism and the UAE's commerce sectors has been staggering, with impressive skyscrapers shooting up across all major cities. The UAE government is planning to spend over US$ 30 billion during the next five years towards the construction of new infrastructure projects, and government, commercial, and residential buildings (Source: Government of Dubai Department of Tourism & Commerce Marketing).

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