Construction business and its significance in Dubai

Dubai is nowadays the centre of all the construction booms. Basically an emirate of the seven emirates of United Arab Emirates, it is nowadays really popular as a tourism and industrial development. A lot of malls, buildings, apartments, villas, skyscrapers and high towers are being created by a lot of companies of building construction in Dubai. These developments forecast the stability and growth of property and real estate business in Dubai. The business of building construction in Dubai is considered a heaven for the investors that are willing to double or even triple their investments in really less time. The reason for this growth and stability is due to the timely construction of buildings. A lot of the construction companies working in Dubai are famous all over the world due to their potential and ability to perform the work within deadlines with accuracy and completeness. These firms are also popular for constructing a building or structure efficiently that is using optimal amount of resources to establish the structure.

The reason of the time management and completion of projects within deadlines by these firms is due to their policy of hiring plentiful number of employees to work on the project. They get these labors at a very cheap rate by employing people from other countries where the labor rate is cheaper thereby allowing them to work effectively on the project without actually compromising with their profits. The specialists, architecture and engineers are hired from the same countries. These people are skilled enough to perform the task but are paid a lower sum of salaries.

The most important process in the construction of building is the sketching of the design and taking care of necessary details in the designing process as a building gets the required shape through the design which is a very important aspect of a building in Dubai. These false work designs are also available readymade in the market but the top construction companies do not use these designs and prefer to create their own design so as to make their building unique as compared to those of their competitors. These false work designs are based on the architectural design of the company. A lot of firms are available in the markets that have specialized in making of false work designs allowing this part of the process to be outsourced. All of the construction in Dubai is mostly focused on promoting tourism and business by attracting more people therefore the design of the building is the key part of the building construction process.

There are a lot of international firms present in Dubai that have created numerous structures that hold the titles in the world. Some of these firms also deal with the MENA construction. MENA stands for Middle East and North Africa. This term covers the region from Morocco to Iran and a lot of Middle East and North Africa countries are included in MENA. There are numerous MENA construction firms present that are of international standard and are responsible for creating projects that are famous all over the world.

Revolution of Infrastructure Construction in Dubai

The law passed by the government of Dubai in 2002 which allowed foreigners and expatriates to buy real estate property in Dubai has brought a revolution in building construction in Dubai since then and with a vision the government continued its efforts by developing infrastructure up to international standards which started an era of massive constructions in this metropolitan city. This not only brought huge foreign investments in the United Arab Emirates but also brought a lot of growth in the economy, employment opportunities, and the attention of the business community on this part of the world. Already the tourism industry in Dubai has been growing tremendously which itself did a lot of marketing for the building construction in Dubai and caught the attention of both the investor and the buyers to either invest or buy real estate in Dubai. Many new massive and unique projects were worked upon and brought projects like The Palm, The World, Dubai Marina, Downtown Dubai, Burj Khalifa, Business Bay, Dubai Sports City, Dubai Festival City, and many more and now it is due to constructions like these that Dubai today is known as the city of landmarks. These projects not only brought big boom to the real estate sector in Dubai but were also able to cater the growing demand of real estate properties in Dubai.

In old Dubai back in the year2000-2001 the demand of real estate properties grew enormously as the demand of real estate properties was more than the actual capacity of residential buildings and accommodations in Dubai. This forced the government of Dubai to pass a law which allowed foreigners to buy or invest in the real estate and property market in Dubai, and started massive residential building construction in UAE. Several new projects were started as a result of this residential building construction in UAE, and were quickly able to keep up with growing demand of real estate property in the market. This created a lot of employment opportunities not only for the locals but for people from other parts of the world as well also all these foreign investments gave a lot of boost to the economy of Dubai which at a time was performing among the best performing economies of the world.

Although the law was passed to invite investments and construction companies in Dubai but still there was a lot to be done in infrastructure development up to international standards for which the government was very keen to work on. Tenders were given to a number of infrastructure and road construction companies in UAE who worked day and night to achieve their goals and finally after untiring efforts of these infrastructure and road construction companies in UAE, United Arab Emirates became a place which had an infrastructure no less then any developed country in the world and this is the main reason why Dubai and the rest of the United Arab Emirates is the most developed nation in the Middle Eastern region as not only have they been able to diversify their economy from oil to other sectors, but have also been able to gain the confidence of the investors from world over.