About The Palm Island/Islands in Dubai

Saturday, September 25, 2010

Man-made Dubai Islands

Some people have described Dubai islands as the 8th wonder of the world. There is no doubt that these manmade islands in Dubai will impress each and every visitor. The islands are built in such a way that it is hard to say they are man-made islands.

These Dubai islands are completely manmade from scratch in the Dubai coastal line. Constructions of these islands launched after years of planning. Currently Dubai has two island groups.

Palm Island Dubai

Dubai Palm Tree Island was the first man-made Dubai Island. The island is built in the shape of a Date Palm Tree. There are three palm tree islands being built in Dubai.

The Palm Island Jumeirah

Jumeirah beach is already famous thanks to Burj Al Arab 7 star hotel. The Palm island in Jumeirah will consists of luxury accommodations such as hotels, villas, apartments etc.
Watch the below video and see what you can expect in Palm Jumeirah.

Buying properties in Dubai Islands

Real estate in Dubai islands has become a hot topic among property investors. Even though the price is high, investors can expect a very high capital gain from properties on palm islands and The World island in Dubai.
Bill Clinton, Tiger Woods and many other celebrities have bought properties in Dubai islands.

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What is The local currency in Dubai ?

Friday, September 24, 2010

Dubai Local Currency

The local currency in Dubai is the UAE Dirham (Dhs) which is divided into 100 fils. The currency is also referred to as AED (Arab Emirate Dirham).
Exchange rates of all major currencies are published daily in the local newspapers.
Money Exchanges
Money exchanges are available all over Dubai, offering good service and reasonable exchange rates, which are often better than the banks. Additionally, hotels will usually exchange money and travellers cheques at the standard hotel rate.
Credit Cards
Most shops, hotels and restaurants accept the major credit cards (American Express, Diners Club, MasterCard, Visa). Smaller retailers are sometimes less keen to accept credit cards and you may have to pay an extra five percent for processing.
Banks & ATM's
Banks offer the full range of commercial and personal banking services.
Generally banking hours are from Saturday to Thursday 8am – 2pm. Closed on Friday. However, more and more banks are extending their opening hours.
Most banks operate ATMs, also known as Cash Points or Service Tills, which accept a wide range of cards. Common systems accepted around Dubai - American Express, Cirrus, Global Access, MasterCard, Plus System and VISA. ATMs can be found in all shopping malls, at the airport, at petrol stations and at various street-side locations.
Most international banks have branches in Dubai, servicing the usual retail and corporate segments. Transfers can be made easily as exchange controls are virtually non-existent, and the Dirham is freely convertible.

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Information about Dubai's Climate

Thursday, September 23, 2010

Dubai's Climate

The city of Dubai is situated on a coastal strip bordered by a desert and gets very hot and humid in the summer. Cooler, more pleasant weather lasts from the end of September to beginning of May. From May to September the sun is intense and temperatures can touch 50 degree Celsius in the city and even higher in the desert! Due to the scorching heat coupled with a humidity of 80-90% near the coast, you have to refrain from daytime outdoor activities during summer.
Temperatures range from a low of about 10 degrees Celsius on winter nights, to a high of 48 degrees Celsius in the midday summer heat.
The months of January and February generally produce the highest rainfall, if any. Usually it amounts to about 13 centimeters, spread over five days per year.
Due to weather changes around the world, in recent years the winter months in Dubai have seen quite unpredictable weather. Believe it or not, Dubai sometimes gets bouts of heavy rain that leaves streets, roads, and sometimes homes flooded. Of course this is almost always followed by the usual sunshine. Occasionally, heavy winds stir up sandstorms that make driving conditions difficult since visibility on the roads is severely reduced.
It’s important to know exactly what to expect of the climate in Dubai whether you’re here for leisure, business, or to stay. With this information in hand, you’ll be ready no matter what nature has in store.
Average Monthly Climate Chart

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The UAE Vice President launches Dubai Metro

Wednesday, September 22, 2010

UAE Vice President launches Dubai Metro

Dubai: It’s your city. And it’s your Metro now. Fireworks lit up the night sky, motorists honked their horns and scores of onlookers cheered as the first train rolled out of the station, past the towering skyline along Shaikh Zayed Road, opening a new chapter in Dubai’s history.
Dubai became the first Gulf state to have a metro and joined the league of megacities around the world that have similar transport systems.
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, bought the first ticket on the Dubai Metro, after which the first train left Mall of the Emirates station: 09/09/09 will remain etched on a board at the station.
"I thank everyone from the bottom of my heart for this great job. If it weren’t for this collective effort we would not have achieved this. My message to the world is that life is all about challenges and the people of the UAE, under the leadership of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, love challenges and we are up to them," Shaikh Mohammad said.
"I congratulate Shaikh Khalifa and the people of the UAE on this huge achievement. This is an achievement for all Arabs," he said.

Motorists drove slowly on Shaikh Zayed Road, following the first train out of the station, and some even parked underneath bridges to catch their first glimpse of the blue streak as it emerged on its maiden voyage to Al Rashidiya Station.
The Metro is part of Shaikh Mohammad’s vision to develop an integrated transport system including the Metro, bus network, marine transport and an advanced road infrastructure.
The world’s longest automated driverless train system, which cost Dh28 billion, has been launched in a record time of four years. It will carry 1.8 million passengers per day by 2020, according to RTA estimates.

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Business and Trade in DUBAI

Tuesday, September 21, 2010

Business and Trade in DUBAI

The UAE lies at the heart of a strategic, geographic crossroads where trade, commerce and diverse cultures have co-existed and interacted for hundreds of years.
Today, the UAE has one of the most open and dynamic economies in the world. A number of global business indexes have recognized the advantages that the UAE brings to international business. AT Kearney ranks the UAE as one of the top 20 best places in the world for global service business. And the UAE is ranked in the top 30 on the World Economic Forum’s “most-networked countries”—ahead of all other Arab nations, as well as countries like Spain, Italy, Turkey, and India. The UAE also gets positive rankings from Transparency International and the World Bank’s Worldwide Governance Indicators for control of corruption, ranking in the top quarter of the least corrupt countries in the world.
Other clear advantages to doing business in the UAE include:

• No restrictions on profit transfer or repatriation of capital
• No corporate or income taxes
• A currency, the Dirham, that is stable, secure and pegged to the US dollar
• Very low, or non-existent, import duties
• Competitive labor costs

These factors, combined with a strategic geographic location, an expanding infrastructure and an extremely safe environment, make the UAE an ideal place to do business.
An important trading partner for the United States, the UAE is the largest export market for the United States in the Arab World. More than 750 US firms have a presence in the country, and 30,000 Americans live there.

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