Dubai is one of the fastest growing holiday destinations in the world. If you have not visited it yet you probably know someone who has and heard glowing reports. Sand, sea and sun are the tip of the iceberg in a country that actually creates what others dream of .... literally.
The Attraction of Dubai It is easy to see why tourists are attracted to Dubai. It offers a safe environment and has a set of natural assets from year-round sunshine, to beautiful white-sand beaches and an exotic desert landscape. Its infrastructure is unsurpassed in the region, with a state-of-the-art airport that handled 22 million passengers in 2004, an award-winning airline, Emirates, offering connections to more than 140 destinations in 70 countries, a superior Information Communications and Technology (ICT) network, more than 274 hotels, and a variety of shopping option in ultra-modern malls or traditional souqs.
Dubai also hosts a number of increasingly popular world-class sporting events such as the Dubai World Cup, the PGA European Tour Dubai Desert Classic, both men and women's ATP Tennis tournaments, and the Formula 1 H2O speedboat-racing tournament that has been dominated in recent years by the UAE's Victory Team. In addition, the Dubai Shopping Festival has become a landmark event that draws visitors from around the globe.
Dubai is increasingly aware of tourism's growing importance to its economy. According to Dubai Tourism and Commerce Marketing (DTCM) data, Dubai's hotel revenues amounted to AED 6.2 million in 2004. Dubai's hotel operating performance has been consistently good. In 2002, Dubai was ranked as the fastest growing tourist destination by the World Tourism Organisation.
Having such a state of the art facility like Dubailand in Dubai will not only generate tourism but because of it's magnitude, Dubailand will also act as 'the standard' for all cities to follow that are looking to promote and further their tourism industry which will in turn contribute to the growth of the economy of Dubai and the UAE leading to the provision of jobs for the future.
It is projected that Dubailand will see total investments of about AED 18 billion or US $4.86 billion. The Dubai Tourism Development Company, are investing more than AED 700 million to develop the project and provide the infrastructure for the various facilities.
Dubai is proving a popular destination for property investors due to the strong anticipated capital growth and the option of guaranteed rental schemes, plus the tax free environment including no income or capital gains tax.
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