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Scholars Journal of Economics, Business and Management | Volume-7 | Issue-01
The Investments in UAE by Foreign Investors in Real Estate for the Period 1970-2018 and its Repercussions on the Economy
Diaa Khalaf Ahmed Al Qatawneh, Ahmed Azrin Adnan, Sameer A. A. AlZoughool, Tamer Hussain Ahmed Alqudah
Published: Jan. 29, 2020 | 131 93
DOI: 10.36347/sjebm.2020.v07i01.006
Pages: 36-38
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Abstract
This research article provides information about the real estate industry of United Arab Emirates (UAE). It particularly focuses on the foreign investments that were made in the country from 1970 to 2018. The study is significantly important as UAE is one of the countries that is accessible to around two thirds of the population of the world within a flight of eight-hour and has Middle East, South Asia and Africa on its doorstep. Therefore, the country has unique location for facilitating international trade, particularly because of the advanced and top quality infrastructure. The foreign investment in country’s real estate from 1970 onwards have increased significantly from every passing year and contribute significantly to the overll GDP of the country. The trend of foreign invesmtnet in the country in terms of real estate is expected to grow in the coming years, specifically in Dubai.