UAE Real Estate UAE has become a Real Estate powerhouse
The real estate sector of the UAE has become the backbone of its non-oil economy. While Abu Dhabi, home to nine percent of the world’s proven oil reserves, does not really rely on sky-scrapers boom-down Dubai does. Oil is just one of many sectors there, only contributing around 3 percent to the emirate’s GDP. The total value of constructed real estate in UAE, from A for Apartment to Z for Zoo, is US$66.2 billion. The district Dubai Marina, 10 kilometres west of the seven star hotel, Burj Al Arab, consists of over 100 skyscrapers alone. Cranes, baggers and dust are present in the UAE, but the country always offers niches of tranquillity and cleanliness for tourists and its inhabitants in UAE real estate.