The UAE is the Middle East Region’s most obvious transition from oil based income to a more diversified and sustainable economy. The ruling families have and are continuing to spend vast sums of money to boost their tourism infrastructure and investing large amounts in hotels, luxury villas and vacation communities.
 
Abu Dhabi is the capital of the United Arab Emirates and possesses the greatest wealth. Abu Dhabi has such vast wealth that it will spend whatever it takes to drive forward and succeed.
 
Dubai is known as “The fastest growing city on earth” and has a head start on its neighbours. Already famous for The Palm projects, the world’s first 7star hotel, the tallest building in the world and is a haven of designer everything!
 
Ras Al Khaimah and the other Emirates are benefitting from the combined success of the larger Emirates as the UAE drives forward in its plans to be “The Switzerland of The Middle East”
 
The main strength of the UAE is the vast amounts of liquidity that the governments possess (particularly Abu Dhabi) due to the high oil pricing that existed until late 2008.

The UAE is not immune to the current global financial situation and of course, several destinations have felt the crunch, however, the fundamentals behind the growth in the beginning still exist today. Therefore, the current decrease in prices in certain areas equates to an opportunity for savvy investors to take full advantage and purchase property at a large discount from prices in the first half of 2008.
 
There is little doubt that the UAE will return from the downturn that it is currently experiencing. Indeed certain areas had become too expensive and simply had to correct the price and absorb the supply before it could move forward to the next level.
 
The UAE will inevitably build itself into the number one business and tourist hub of the Middle East due to its liberal attitude and non-confrontational nature and therefore represents a unique Middle East investment that is sure to ride out the current financial times and succeed.