Climate

Dubai has a hot arid climate. The highest recorded temperature in Dubai is 47.3 °C (117.1 °F), and the lowest recorded temperature is 7 °C (45 °F). Rainfall is generally light, with a mean of about 150 millimetres (6 in) per year; precipitation is usually centered around the months of January, February and March. However, heavy rain is not uncommon in Dubai as the month of February 1988 saw a record of 150.2 mm of rain falling in just 24 hours. The mean humidity in Dubai is approximately 60% and is higher during the cooler winter months.

Population

Dubai is unusual in that the majority of its population of 1.37 million is comprised of expatriates. The vast majority are low income workers from the Indian subcontinent and the Philippines, although there are a significant number of professionals from Europe and Australasia. 78% are male and 22% female. Population growth is currently around 6% and increasing, making the city one of the fastest growing urban areas in the world.

Its low logistical and operational costs and excellent infrastructure, international outlook and liberal government policies are attracting investors in a big way. Activities such as trade, transport, tourism, industry and finance have shown steady growth and helped the economy to achieve a high degree of expansion and diversification.

In order to assist those interested in obtaining further details about the Dubai economy , pages have been provided below with the latest data for key socio-economic indicators. They contain tables on Dubai Economic Statistics extracted from the “Dubai Socio-Economic Development Indicators” including a wide range of current data on the Dubai economy and society. Also, other pages contain the Quarterly Indicators as well as information about Investment in Dubai, industrial projects and commercial/ business centers.

Why Choose Dubai As An Investment Location?

The Dubai economy enjoys a competitive combination of cost, market and environmental advantages that create an ideal and attractive investment climate for local and expatriate businesses alike. In fact, these advantages not only rank Dubai as the Arabian Gulf’s leading multi-purpose business center and regional hub city, but they place it at the forefront of the globe’s, dynamic and emerging market economies.
Dubai, with its ancient commercial and seafaring traditions, has long been recognized as the Middle East region’s leading trading hub and has emerged as its key re-export center. In more recent years, the Emirate has become a major venue for a number of growing, profitable industries and activities:

• Meetings, conferences, exhibitions
• Tourism
• Corporate regional headquarters
• Regional transport, distribution and logistics center
• Banking, finance and insurance
• Business and industrial consulting
• Information and Communications Technology
• Light and medium manufacturing

This all became possible due to Dubai’s warm, welcoming people, world class facilities and infrastructure and farsighted, open and liberal economic policies. Finally, committed to a progressive vision of itself, keen to diversify its economy and diminish its reliance upon shrinking oil revenues, Dubai has begun to develop into the Arabian Gulf’s premier international business center. Consider the factors that contribute to this ongoing success story.

Dubai’s Key Advantages

I. Strategic Location: Dubai is a time zone bridge between the Far East and Europe on the East-West axis and the CIS and Africa on the north-south axis. It is a gateway to a market that can be characterized as:
• Large – well established trading links exist with the greater than 1.5 billion people in the neighboring region covering the Gulf, Middle East/Eastern Mediterranean, CIS, Central Asia, Africa and the Asian sub-continent;
• Growing – Dubai’s total international trade has grown on average by over 11% per year since 1988 and regional economic growth and liberalization should boost demand further;
• Prosperous – a buoyant local economy strategically located in the midst of one of the world’s richest regions and well endowed with ample supplies of cheap energy and primary aluminum; also adjacent to major regional suppliers of vital agro-export commodities;
• Diversified – varied and significant import requirements generate opportunities for product suppliers and re-exporters;
• Accessible – served by over 120 shipping lines and linked via 85 airlines to over 130 global destinations;
• Open – no exchange controls, quotas or trade barriers.

II. Political And Economic Stability: Dubai is part of the UAE which is a low-crime and politically-stable country. Also, the UAE enjoys financial and monetary stability. Its well-developed, sophisticated banking system features extensive credit facilities and ample liquidity. The Emirate’s emerging capital markets are built on a basis of leading-edge technologies and sound regulatory systems. The government has a long, consistent commitment to pro-business, liberal economic policies including the protection of intellectual property rights. The UAE benefits from stable and harmonious industrial relations. Finally, there is a well defined, sound legal framework for business and a clear set of ownership rules. Foreigners are permitted ownership rights of up to 49% for limited liability companies established within the Emirate of Dubai and up to 100% for professional companies, branches and representative offices of foreign companies and free zones enterprises. All of these factors reflect positively in Dubai’s being assigned an investment grade rating for fixed income investment by Moody’s Investors Service.

III. Open And Free Economic System: Dubai’s economy has been kept open and free to attract investors and business. Government control and regulation of private sector activities has been kept to a minimum. There are no direct taxes on corporate profits or personal income (except for oil companies that pay a flat rate of 55% and branches of foreign banks that pay a flat rate of 20% on net profit generated within Dubai). Customs duties are low at 4% with many exemptions, 100% repatriation of capital and profits is permitted, there are no foreign exchange controls, trade quotas or barriers and a stable exchange rate exists between the US Dollar and the UAE Dirham (US$1.00=AED 3.678). Liberal visa policies permit easy importation of expatriate labor of various skill levels from almost all over the world.

IV. World Class Infrastructure and Service Sector: Dubai’s deliberate policy of investing heavily in transport, telecommunications, energy and industrial infrastructure has enabled it to have one of the best infrastructure facilities in the world; it also contributed significantly both to its ongoing prosperity and attractiveness to international business. The Emirate features a network of seven industrial areas, one business park and three highly successful, specialized free zones of international distinction, two world class seaports, a major international airport and cargo village, a modern highway network, state-of-the-art telecommunications and reliable power and utilities all of which deliver efficiency, flexibility, reliability, reasonable cost and size.Complementing its world class infrastructure is a sophisticated service sector that features leading regional and international freight forwarders, shipping companies, insurers plus major international hotels, banks and financial service firms, lawyers, accounting firms, consultants, advertising agencies, top international exhibition and conference facilities, high quality office and residential accommodation, first class hospitals, schools, shopping centers and recreational facilities. Free Zones Websites: Dubai Airport Free Zone Jebel Ali Free Zone Dubai Media City Dubai Internet City

V. Competitive Cost Structure: International companies setting up in Dubai can obtain significant cost advantages not generally available internationally. The major factors are:

• No foreign exchange controls,
• No trade barriers or quotas,
• Competitive import duties (4% with many exemptions),
• Competitive labor costs – labor force is multi-lingual and skilled,
• Competitive energy costs,
• Competitive real estate costs,
• Competitive financing costs and high levels of liquidity,
• No corporate profit or personal income taxes (except for oil companies and branches of foreign banks). You can refer to the tables under the “Cost of Doing Business” section.

VI. High Quality of Life, Excellent Living Conditions: Dubai’s private sector has invested heavily in real estate such as hotels, residential and commercial properties, recreational and leisure facilities. In addition, a number of factors have contributed to the Emirate’s high quality of life and superior living conditions making it a model location for many to emulate. Those factors include excellent infrastructural facilities, low crime, clean environment, tolerance and cultural diversity, cosmopolitan life style, modern public administration, availability of a wide range of consumer goods and services, mild winters and clean, palm fringed beaches.

VII. Strong Local Commercial Tradition and Wide Choice of Potential Business Partners: The local business class has a long tradition of trading activity and wide exposure to international business practices and state-of-the-art technologies. Local entrepreneurs have already gained successful experience with international partnerships in franchising, licensing, joint ventures, etc, in various sectors of the economy.

VIII. Extensive Foreign Trade Network & Major Achievements in Export and Re-Export Performance: Dubai boasts an extensive foreign trade network extending to 179 states thus offering the investor an extensive choice of potential global marketing outlets for a diverse portfolio of goods and services. As a member of the UAE federation, Dubai is also part of the world’s third-largest export and re-export center after Hong Kong and Singapore.

IX. Rapidly Developing Manufacturing Sector Producing a Wide Range of High Quality, Competitive Export Products: Major gains have already been made in the profitable manufacture and export of aluminum ingots, fabricated metal products, textiles and ready-made garments, gold and jewelry, prepared foodstuffs, consumer electronics, refined petroleum, chemical and non-metallic mineral products. Supportive commercial, industrial, political and economic factors are currently in place that make possible the extension of these gains to other manufacturing sub-sectors. (Source : Dubai.ae)

TRAVELING WITH CHILDREN

The UAE is a family-oriented environment and small children are welcome and appreciated everywhere. The larger hotels have a good selection of kids’ meals, especially in room service. Very small children do not normally eat out at night, but are often welcome. Phone ahead to check. In any case baby-sitting services are available in the main hotels.

There are lots of activities for children, both in and around the five-star hotels, special amusement parks and many green areas. Children under 12 usually qualify for discounts on admission fees to most museums, amusement parks, swimming pools and entertainment centres.

WOMEN TRAVELERS

The UAE is extremely safe for women travellers, nevertheless women travelling alone are a novelty and you may find yourself at the focus of unwanted attention. You will probably have a more relaxed visit if you stay in one of the four or five star hotels, especially if you can use the hotel’s private beach facilities.

Women in the UAE have a much more liberal lifestyle than many of their Gulf counterparts (i.e. women are permitted to drive, work etc) however, women travelers should be aware that they are visiting a society which has strong traditional roots.

If you wish to avoid hassle or risk causing offence, do not wear tight or revealing clothes away from the beach clubs and resorts. You will also find that clothing suitable for the more cosmopolitan cities may not be comfortable or convenient for independent travel in rural areas. Loose trousers and a long sleeved cotton shirt will suit a wide range of situations.

When socializing in local company wait until a hand is offered to you for a handshake, some devout Muslims prefer not to shake hands with a woman.

Remember that one advantage of being a woman in the UAE is that women are normally served first at banks and post offices, police stations and other government offices frequently have separate queues for women.

DISABLED TRAVELERS

Several five-star hotels have specially-adapted rooms and other facilities for handicapped people.

The airport and major shopping malls have good access and facilities, as well as Dubai’s Transport Taxis are fitted to accommodate wheelchairs.

There are also designated disabled parking spaces in nearly all of the city’s car parks, though you will need a disabled window badge in order to use them

AIRPORT FACILITIES

In June 2001 Emirates airline designated a special handling area at departures and arrivals for passengers with special needs. As a result, wheelchair passengers will receive a more personalized service.

HEALTH

Dubai contains well equipped public and private hospitals.

Remarkably, the UAE was one of only two countries with no reported cases of holiday illnesses recorded in a survey by the leading British consumer magazine, Holiday Which? This is a tribute to the success of government immunization programs, the provision of adequate clean water and high standards of cleanliness in hotels and restaurants.

FOOD AND WATER

The standard of food hygiene and water quality is extremely high, especially in all of the larger centres, as is evidenced by the Which survey. You should take the time to investigate conditions in smaller cafés in remote areas, although again standards are usually good. Raw salads and shawarmas (meat cooked on a spit and served in a pittta bread sandwich) are to be avoided if you have any doubts.

Water is usually produced by desalination so it is normally safe to drink, nevertheless you may prefer the taste of bottled water. In any case it is advisable to drink plenty of water in the heat so carry a bottle with you at all times.

TIME

The UAE is four hours ahead of GMT. The time does not change during the summer. This means that there is a three hour difference between UK and UAE local times in summer and a four hour difference in winter.

OPENING HOURS AND HOLIDAYS

Normal shopping hours are from 9.00 a.m. – 1 p.m. and 4.00 – 9.00 p.m. however many shops, particularly in Dubai and Abu Dhabi stay open all day. Most shopping centres open from 10 a.m to 10 p.m – frequently later. Some supermarkets are open for 24 hours. Although shops and shopping centres are fully air conditioned, the cool of the evening is a favourite time for shopping. Shopping centres and most shops are open on Friday, the Islamic day of rest, but they all close for Juma (Friday) prayers from 11.30 a.m. to 1.30 p.m.

All shops are required to close at prayer times in Raï’s al-Khaimah.

OFFICES

Government offices open at 7.30 a.m. and close at 3.00 p.m. but you would be wise to visit in the morning. Private offices tend to keep longer hours, coming back to work in the evening after an extended mid-day break. Some private businesses open from 8 a.m. to 5 p.m. All government offices close for the weekend at mid-day on Thursday and do not open again until Saturday morning. Some offices outside the public sector are open on Thursday and close on Friday and Saturday.

PUBLIC HOLIDAYS

Since Muslim festivals are timed according to local sightings of phases of the moon, the dates outlined below for Islamic religious holidays are approximate. The precise dates are not announced until a day or so before they occur. If a public holiday falls on a weekend, the holiday is usually taken at the beginning of the next working week.

A three-day mourning period is usually announced when a member of the ruling families or a government minister or the head of a neighbouring state dies. Government offices and some private companies will close for the period.

1 Jan New Year’s Day.

2 Dec National Day.

Al-Hijra (Islamic New Year).

Mouloud (Birth of the Prophet).

Leilat al-Meiraj (Ascension of the Prophet).

Eid al-Fitr (End of Ramadan).

Eid al-Adha (Feast of the Sacrifice).

(Source : dubai.com)

IMPORTANT NOTIFICATION

Citizens of the Following Countries no longer need to obtain a visa prior to entry if the duration of stay is less than one (1) month:

United States, UK, France, Italy, Germany, the Netherlands, Belgium, Luxembourg, Switzerland, Austria, Sweden, Norway, Denmark, Portugal, Ireland, Greece, Finland, South Korea, Spain, Monaco, Vatican, Iceland, Andorra, San Marino, Liechtenstein,Canada, Australia, New Zealand, Japan, Brunei, Singapore, Malaysia and Hong Kong.

GCC NATIONALS

Visa requirements for entering Dubai vary greatly between different nationalities and it is always advised to check regulations before traveling. Currently, every nationality entering the UAE needs a visa except citizens of GCC countries (Gulf Cooperation Council: Bahrain, Kuwait, Oman, Qatar and Saudi Arabia) expatriate residents of the GCC (certain nationalities and professions) and British citizens with the right of abode in the UK. The following citizens of Europe also receive visas on arrival: Andorra, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Monaco, the Netherlands, Norway, Portugal, San Marino, Spain, Sweden, Switzerland, and the Vatican.

In addition, nationals from Australia, Brunei, Hong Kong, Japan, Malaysia, New Zealand, Singapore and South Korea in Asia, as well as those from the United States of America and Canada also now receive Visas on arrival.

GCC nationals can stay more or less as long they like. British citizens can stay for a month and then apply for a visa for a further two months. European, American, South African and Australian citizens may obtain a visit visa from the UAE embassy in their respective countries before departure. Please note that Israelis and travelers whose Passports bear Israeli stamps will be denied a visa.

OTHER NATIONALS

For all other nationalities, a visa must be applied for before the visitor enters the country either through their respective embassy, a local UAE sponsor or a local hotel.

VISAS THROUGH HOTELS

Tourists can get a visa from a tourist company or a hotel by first making a reservation for at least one night. They must fax/courier the hotel a copy of their passport along with the reason for the visit (tourism is an acceptable reason) and their arrival date. You must also make sure that the hotel faxes you a copy of the visa when it is ready. Airlines may require confirmation (preferably a fax copy of the document) that a visa is held before check-in at the airport. The original is held at Dubai Airport for collection before passport control.

SERVICE VISA ENTRY APPLIED THROUGH A HOTEL:

Standard process of application, but please check with your hotel first.

The visa is valid for 14 days from the date of issue and 14 days from the date of entry. The visa fees and security deposit will vary from country to country. The security deposit is also required per person and will be refunded once the visa holder leaves the country. It is advisable to contact your nearest Dubai Embassy or the hotel for more details.

Please be aware that once the visa is applied for, charges for the cost of the visa will not be refunded in such cases as Expiration, Booking cancellation, Rejection.

For the visa to be processed by the hotel, the visitor must remain a guest in that hotel for the entrire duration of their stay. Port of entry and exit of the visitor must be Dubai only. Three working days are needed to process the visa excluding, Friday, Saturday and Public Holidays.

Documents required:

Visa Charges and Security Deposit. An authorisation letter with the signature of the cardholder, as well as a copy of the credit card used (front and back side). Passport copies of card holder and visitors.

Please note all document copies, passport copies and credit card copies must be scanned clearly and with colour when sent, otherwise they will be rejected by Dubai Immigration.

TOURIST VISA

This visa is issued through tourist companies and it is valid for 30 days. You cannot renew it or extend it. If the Visa holder of the tourist visa stays more than the 30 days, that person has to pay a fine per day plus some charges for an out pass.

VISIT VISA

This Visa is issued through DNRD. It is stamped for 30 days validity but it is valid for 60 days and can be extended for 30 more days by paying an extra amount. The extension needs to be done before the 60th day. If the visitor stays more than 60 days or more than 90 days (after the extension) they will have to pay a fine per day plus some charges for an out pass.

Certain passport holders can enter the UAE without obtaining a visit visa prior to arrival and stay up to 30 days.

Documents required:

1. Photocopy of the visitor’s passport
2. Visit Visa Application form, completed and signed by the sponsoring company.
3. Photocopy of the trade license of the company
4. A Guarantee letter from the company stating its responsibility of the visitor during his visit.

WORK VISA

These visas are issued for people who want to work or do business in UAE. It is valid for 60 days only, during this the work residence visa has to be processed. If the person delays in stamping the residence he will pay 25 AED fine for each day.

There are different types of Work visas:

Private companies or Establishments employees (Issued from labor Office)

1. Servants
2. Partners
3. Investors
4. Governmental institutions and Ministries (Issued from DNRD) and the person can only work in governmental institutions.

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We suggest that you check with your nearest UAE consulate or embassy whether you require a visa to be issued in your passport prior to flying to the UAE.

For more information please visit http://uae-embassy.org/html/Consulate/General_Info.html

(Source: dubai.com)

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