The tourism industry has started to develop in the city of Dubai over the past few years due to the steps undertaken by the government to avoid the complete dependency of the economy of Dubai on the oil production business. For this purpose, many different projects have been undertaken which include Dubai Marina, which is a man-made marina and a mini lake city that will consist of residential structures.
Dubai, one of the seven emirates of the United Arab Emirates is located at the south east of the Persian Gulf on the Arabian Peninsula. Dubai is also called the city within this emirate which is one of the fastest developing cities in the whole world and among the list of the world’s most fabulous cities. Basically it is a large cosmopolitan city that contains both historical heritage along with the modern day architecture that is of such a fascinating nature and design that people come from all over the world to view and stay in these structures and buildings present in the city. The city is also a centre of many different activities that provide fun of such a magnitude that they become the source of increasing the amount of fun gained during the whole holiday trip by tenfold.
The tourism industry has become one of the prime industries in Dubai after its emergence as a beautiful and fabulous tourist destination over the past few years. Before that time, the overall economy of Dubai was solely dependent on the oil producing business. However the government of Dubai took steps to minimize the dependency of the economy of Dubai from the oil production business. These steps include the establishment of different tourism spots and providing of different leisure and fun activities that should be relaxing and attractive enough to attract the tourists from all over the world as well as providing them with enough fun to make their stay in Dubai the most pleasant and exciting. Gradually the tourism industry in Dubai began to blossom and the dependency of the economy of Dubai on the oil producing business lessened to the present stage where almost 35% of the overall economy of Dubai was shared by the tourism business in the city.
Many new developments were being undertaken to make Dubai the world’s largest tourism spot. These developments included creation of many artificial lakes, marinas, construction of new and luxurious hotels and creation of different recreational places and zones. One of these creations includes Dubai Marina which is a man-made marina that is an artificial canal city which is stretched over the Persian Gulf Shoreline and covers an area of around 3 kilometers. The entire development, after its complete creation will accommodate more than 120,000 people in residential structures such as towers and villas. The first phase of the project has already been completed and covers an area of 25 acres consisting of six freehold residential towers. Three of these towers have been named after the precious stones namely Al Maas, Feroz and Murjan and the other three have been named after three popular Arabic scents, Mesk, Anbar and Al Yaas.
The water from the Persian Gulf has been brought into the site to create the man-made marina thus creating a new water front. The phase 2 of the overall construction, which is still under progress, is going to consist of high rise buildings. These buildings will form a cluster which is going to be known as the tallest block in the world. The buildings present in the overall area are technologically developed and security concerns have been taken into consideration during the construction process. To help a buyer decide and buy these apartment buildings, Halcon real estate, a prominent name in the Dubai Real Estate market, provides consultancy and sale and rent services for the people. The Halcon Dubai marina apartment services come in handy while searching for a suitable and appropriate place to live in the area according to the budget available.
Real Estate Development of Dubai and its Implications and Impacts
The decision of diversification by the government of Dubai can be considered a great decision since the rapid growth of real estate projects of Dubai has become the threshold of the popularity of Dubai as a place for tourism and sightseeing as well it has helped Dubai in earning various titles regarding the construction of buildings and structures.Effects on Economy of Dubai due to the Creation of Business Bay
Dubai’s economy has been increasing since the previous few years. The construction of master plans such as Business Bay, Jumeirah Lake Towers, Burj Dubai, malls like Jumeirah mall, Dubai Land and the Mall of Arabia have given a view of the future success and development of Dubai.Property Guide for Real-Estate-Industry Knowledge Seekers
Villas are usually associated with living a premier life. A villa originally was not meant for residence for a common man. In ancient times its main purpose was to cater the king or someone highly reputable for their services by government. With the passage of time, the concept of villa started to generalize and even common people started to acquire and build such villas. However, the modern form of villa is not that which we could see decades back. The new form is slightly shrunk as now smaller areas are used for constructing villas.