Innovative property investments
Investment property in Dubai
Buying Guide
Tourism drive
Upping the numbers
Success of the Dubai vision depends in no small part upon the success of its uber-ambitious tourism plan.
Tourism is the fastest-growing sector of the emirate's economy.
Lured by large and well-deployed marketing resources and reasonably priced flights, and fascinated by the unsurpassed scale of some of Dubai's projects, millions of people now visit the emirate each year (6.2 million arrivals in 2005).
And Sheikh Mohammed wants more: the government has a stated target of 15 million international visitors for 2010.
Tens of thousands of new hotel rooms are under construction, along of course with numerous rental-friendly residential properties.
Rivalling Disneyland
Top of the tourist hit list will be the 20 billion USD Dubailand, designed as the world's largest entertainment park (twice the size of Disneyland) where 30-foot-tall robotic dinosaurs will walk down fountain-flanked paths between recreations of iconic global landmarks and a host of other attractions too numerous to mention; where a new Sports City will rise up to include four world-class stadia, an Ernie Els-designed golf course and several big-name sporting academies.
With eventual completion set for 2015, this mammoth project carries the hopes of a substantial proportion of the emirate's economy.
But as with the rest of Dubai, the belief is (to misquote a well-known film) “if you build it, they will come”.
Key facts
- 6.2 million visited Dubai in 2005
- Reasonably priced flights and visitors keen to see the projects mean tourism is Dubai's fastest-growing economic sector
- The government target for international visitors by 2010 is 15 million
- The 20 billion USD Dubailand will be the world's largest entertainment park: twice the size of Disneyland
Downloadable Reports and Documents
|
|||||||||||||||||||||||||||||||||||||||