The,Developments,Dubai,and,the finance, share, loan The Developments in Dubai and the Dubai Marina


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Dubai, one of the seven emirates of the United Arab Emirates is located at the south east of the Persian Gulf on the Arabian Peninsula. Dubai is also called the city within this emirate which is one of the fastest developing cities in the whole world and among the list of the world’s most fabulous cities. Basically it is a large cosmopolitan city that contains both historical heritage along with the modern day architecture that is of such a fascinating nature and design that people come from all over the world to view and stay in these structures and buildings present in the city. The city is also a centre of many different activities that provide fun of such a magnitude that they become the source of increasing the amount of fun gained during the whole holiday trip by tenfold. The tourism industry has become one of the prime industries in Dubai after its emergence as a beautiful and fabulous tourist destination over the past few years. Before that time, the overall economy of Dubai was solely dependent on the oil producing business. However the government of Dubai took steps to minimize the dependency of the economy of Dubai from the oil production business. These steps include the establishment of different tourism spots and providing of different leisure and fun activities that should be relaxing and attractive enough to attract the tourists from all over the world as well as providing them with enough fun to make their stay in Dubai the most pleasant and exciting. Gradually the tourism industry in Dubai began to blossom and the dependency of the economy of Dubai on the oil producing business lessened to the present stage where almost 35% of the overall economy of Dubai was shared by the tourism business in the city. Many new developments were being undertaken to make Dubai the world’s largest tourism spot. These developments included creation of many artificial lakes, marinas, construction of new and luxurious hotels and creation of different recreational places and zones. One of these creations includes Dubai Marina which is a man-made marina that is an artificial canal city which is stretched over the Persian Gulf Shoreline and covers an area of around 3 kilometers. The entire development, after its complete creation will accommodate more than 120,000 people in residential structures such as towers and villas. The first phase of the project has already been completed and covers an area of 25 acres consisting of six freehold residential towers. Three of these towers have been named after the precious stones namely Al Maas, Feroz and Murjan and the other three have been named after three popular Arabic scents, Mesk, Anbar and Al Yaas. The water from the Persian Gulf has been brought into the site to create the man-made marina thus creating a new water front. The phase 2 of the overall construction, which is still under progress, is going to consist of high rise buildings. These buildings will form a cluster which is going to be known as the tallest block in the world. The buildings present in the overall area are technologically developed and security concerns have been taken into consideration during the construction process. To help a buyer decide and buy these apartment buildings, Halcon real estate, a prominent name in the Dubai Real Estate market, provides consultancy and sale and rent services for the people. The Halcon Dubai marina apartment services come in handy while searching for a suitable and appropriate place to live in the area according to the budget available.

The,Developments,Dubai,and,the

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