The backbone of UAE’s economy is its large hydrocarbon wealth which gives it one of the highest GDP per capita in the world. Majority of these resources is owned by Abu Dhabi– 95% of the oil and 6% of gas. In the year 2010 oil production in UAE was in the range of 2.3m barrels per day. Number of projects have been started to increase the production to 3m bpd. In recent years domestic consumption for power, desalination and re-injection of gas into oil fields have increased considerably which has turned the focus to production of gas.
IKEA is a well-known Swedish furniture and home accessories store with outlets around the world, including UAE and other Middle East countries. IKEA is famous for its good value furniture that is easy to transport.
Property Law in UAE is very young and is on its initial phase. It was in the year 2002 when the Ruler of Dubai announced that certain freehold properties in Dubai can be owned by foreigners. The Land Registration Law of the Emirate of Dubai (No.7/2006) known as the “Dubai Property Law” was enacted. It legalized freehold ownership rights to not only UAE and GCC citizens but also granted similar rights to non-GCC expatriates to certain Government entities like the Dubai Properties, Emaar Properties and Nakheel.
Dubai has always been a shopping as well as tourist destination, liked by people both from the east and west. It took less then a century for the growth to generate to it’s present shape under the leadership of the Al Maktoum family. The dynamic transformation from an old fishing village to a world class global city was fast. You can go shopping spree here as well explore the golden beaches to the heritage sites. Here you have enough locations to relax far from the hustle and bustle and at the same time you get the pomp and splendor of the modern city living.
All people except UAE citizens and GCC nationals need permission from the UAE government (the Ministry of Immigration or equivalent) to live or visit UAE. Each emirate has their own immigration department with their own rules which are mostly consistent. All non-Emirati workers need work permits (or labour cards) from the UAE Ministry of Labour (MOL) to work in the UAE.
Theme parks are now a phenomenon all around the world. It is more popular because of its concept of wholesome entertainment for the entire family. Whether it is aged or the young these theme parks accommodates and caters the requirement of fun and adventure. Moreover you are taken to a different world.
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