Dubai is quickly becoming a prominent destination for business and tourism. Real estate investors are helping transform Dubai into a 21st-century global city with eye- catching and sustainable skyscrapers that serve as a worldwide model for luxury living.
Why is Dubai So Special?
While Dubai has been a notable trading destination for centuries, it has transformed into a thriving global city in recent decades. The ultramodern metropolis is a beacon for international business, tourism, and luxurious lifestyles that other cities across the globe can look to as international affluence increases.
For instance, Dubai has many awards as the best global destination, including:
- Tripadvisor Travellers' Choice Best of the Best Destinations Awards (the first city to
- receive this honor for three consecutive years)
- Remitly's Best City in the World to Relocate To
- Savills' Best City in the World for Remote Workers
- Euromonitor's International second-best city destination
Dubai's transformation from a quaint fishing village in the 1800s to a haven for luxury itineraries sets a precedent for future global cities. There are many urban activities, including high-end shopping and indoor attractions. The famous beaches and dunes are also considered the best for outdoor enthusiasts.
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The emerging luxury real estate market also has several economic tailwinds. First, prime residential space is cheaper per square foot than well-established destinations such as London, Monaco, and New York. Second, Dubai residents and investors can avoid ordinary real estate taxes on capital gains, rental revenue, property taxes, and income taxes.
These various factors attract investors, tourists, and residents alike.
Dubai's Sustainable Urban Living
The Dubai real estate sector has the advantage of incorporating advanced technology to build structures that increase the standard of living without sacrificing the local ecosystem, as is often the case when building modern cities and high-rise residential projects.
These eco-friendly practices parallel Dubai's goal of maintaining its title as The Sustainable City, which includes becoming carbon net zero by 2050.
Amer Al Zoubi, CEO of United Arab Emirates-based Tiger Properties, and his father-founder, Waleed Al Zoubi, are a cornerstone of Dubai's emergence as a "Pearl of the Middle East" with over 270 successful projects. Dubai is known for its breathtaking skyline, low crime rate, and opportunities for opulence.
Specifically, Tiger Properties emphasizes sustainable luxury developments through innovative architecture and the latest technology. This focus contributes to Dubai's status as a 21st-century must-visit destination as travelers yearn for new experiences and look beyond traditional destinations.
Tiger Sky Tower is one of Tiger Properties' latest and most iconic landmarks in Dubai. It challenges the status quo among the world's modern skyscrapers. Some of its feats include the highest rainforest, roller glider, infinity pool, penthouse, and restaurant worldwide. Additionally, it's one of the world's highest residential buildings, with 122 floors and a height of 1,745 feet (532 meters).
"My vision for luxury living combined with a commitment to cutting-edge technology has guided our team in creating iconic landmarks that redefine the Dubai skyline," says Al Zoubi.
Continuing, "I'm dedicated to pushing forward our mission of blending architectural excellence with environmental stewardship, ensuring each project contributes positively to our communities and sets new standards in urban development."
Eng. Amer Al Zoubi and his company, Tiger Properties, desire to create engaging architecture with sustainable design principles. This combination offers residents and guests unparalleled residential experiences, redefines urban living that's eco-friendly, spurs economic growth, and maintains Dubai's rich legacy.
However, this dream isn't challenge-free, as each project must overcome regulatory hurdles and secure funding amidst economic uncertainty. Acquiring expert project managers and strategic relationships with stakeholders is also necessary.
What's the Future of Urban Development?
Many countries are facing the challenge of achieving sustainable urbanization. According to the World Bank Group, approximately 56% of people live in cities, and the ratio will increase to seven out of 10 citizens by 2050.
Sustainable high-rise projects and eco-friendly building practices continue to become more common in Dubai and globally to meet population trends. A corresponding rise in global household wealth encourages developers to reject stale architecture and minimal amenities that are efficient yet need help to improve the region's standard of living.
The Dubai 2040 Urban Master Plan anticipates population growth from 3.3 million to 7.8 million residents by 2040. One of the plan's initiatives to responsibly absorb the population boom includes integrated housing options to meet citizens' needs for the next 20 years through optimal mobility by developing service centers. Comprehensive and flexible urban planning laws also strive to promote responsible development.
In addition to remaining a leader in Dubai real estate, Tiger Properties is pursuing an international footprint expounding on its five decades of sustainable construction experience.
"We are committed to enhancing quality of life through thoughtful design, fostering vibrant neighborhoods, and leaving a lasting positive impact on the environments we touch," states Al
Zoubi. "With each project, we aim not only to exceed expectations but also to shape the future of urban living, making Tiger Properties synonymous with excellence, sustainability, and visionary leadership in the real estate industry."
Tiger Properties can excel in thriving global cities through these core tenets:
- Architectural Significance: Design innovative residential towers that reshape cityscapes and elevate living standards with signature traits desirable to residents and guests for memorable experiences.
- Community: Create vibrant neighborhoods and bolster local economies through employment opportunities and essential contributions to the underprivileged.
- Strategic Development: Establish a long-term presence to thrive in prominent districts with healthy rental demand and provide investors with a diverse portfolio.
- Sustainability: Utilize advanced technology to enhance efficiency to facilitate world-class leisure lifestyles and eco-conscious construction for a minimal carbon footprint.
These priorities assist real estate developers in collaborating with worldwide urban planners to maximize sustainable community growth as Dubai is accomplishing.
Final Thoughts
Dubai real estate provides many opportunities and lessons for urban planners and investors to benefit from as the world adapts to new trends and a changing environment. Tourists, business leaders, and international citizens flock to this desert oasis for its affordable innovation.
