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United
Arab Emirates Real Estate
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offer United Arab Emirates real estate investment information
for Abu
Dhabi, Dubai, Mina Zayid, Sharjah, Ajman, Umm al Qaywayn, Ra's
al Khaymah and Khawr Fakkan. Scroll down for more information
about the United Arab Emirates.
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Real
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About
The United Arab Emirates
United
Arab Emirates Population: 2,523,915 (July 2004 est.)
Languages: Arabic (official), Persian, English, Hindi, Urdu
Government Type: Federation with specified powers delegated
to the UAE federal government and other powers reserved to member
emirates.
Capital: Abu Dhabi
Independence Day: 2 December 1971 (from UK)
Legal System: Federal court system introduced in 1971; all emirates
except Dubayy (Dubai) and Ra's al Khaymah are not fully integrated
into the federal system; all emirates have secular and Islamic
law for civil, criminal, and high courts.
Currency: Emirati dirham (AED)
Executive
Branch:
Chief
of State: President Sheikh KHALIFA ibn Zayid Al Nuhayyan (since
3 November 2004), ruler of Abu Zaby (Abu Dhabi) (since 4 November
2004) and Vice President MAKTUM bin Rashid al-Maktum (since
8 October 1990), ruler of Dubayy (Dubai).
Head of Government: Prime Minister MAKTUM bin Rashid al-Maktum
(since 8 October 1990), ruler of Dubayy (Dubai); Deputy Prime
Minister HAMDAN bin Zayid Al Nuhayyan (since 20 October 2003).
American
Embassy: Embassies District, Plot 38 Sector W59-02, Street No.
4, Abu Dhabi
Mailing Address: P. O. Box 4009, Abu Dhabi
Telephone: [971] (2) 414-2200 FAX: [971] (2) 414-2469
General Overview: The Trucial States of the Persian Gulf coast
granted the UK control of their defense and foreign affairs
in 19th century treaties. In 1971, six of these states - Abu
Zaby, 'Ajman, Al Fujayrah, Ash Shariqah, Dubayy, and Umm al
Qaywayn - merged to form the United Arab Emirates (UAE). They
were joined in 1972 by Ra's al Khaymah. The UAE's per capita
GDP is not far below those of leading West European nations.
Its generosity with oil revenues and its moderate foreign policy
stance have allowed the UAE to play a vital role in the affairs
of the region.
Economic
Overview: The UAE has an open economy with a high per capita
income and a sizable annual trade surplus. Its wealth is based
on oil and gas output (about 33% of GDP), and the fortunes of
the economy fluctuate with the prices of those commodities.
Since 1973, the UAE has undergone a profound transformation
from an impoverished region of small desert principalities to
a modern state with a high standard of living. At present levels
of production, oil and gas reserves should last for more than
100 years. The government has increased spending on job creation
and infrastructure expansion and is opening up its utilities
to greater private sector involvement.
International
Disputes: Because the treaties have not been made public, the
exact alignment of the boundary with Saudi Arabia is still unknown
and labeled approximate; boundary agreement signed and ratified
with Oman in 2003 for entire border, including Oman's Musandam
Peninsula and Al Madhah enclaves; UAE engage in direct talks
and solicit Arab League support to resolve disputes over Iran's
occupation of Lesser and Greater Tunb Islands and Abu Musa Island.
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