Umm Al Quwain: A Blend of Tranquility and Opportunity in the UAE

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  • Опубліковано 24 вер 2023
  • Author: #PooyanGhamari, Swiss Economist
    Introduction:
    Perched on the UAE's coastline, Umm Al Quwain (UAQ) stands out as a sanctuary of calm, seamlessly interweaving its rich heritage with emerging opportunities, especially for foreigners and immigrants.
    Geographic Proximity:
    • Distance from Dubai: Located a mere 50 kilometers from Dubai, the journey between these emirates is typically a breezy 40-50 minutes by car, making UAQ an easily accessible haven from the urban rush.
    Demographics:
    • With a modest population of around 150,000, UAQ offers a harmonious blend of native Emiratis and a growing community of expatriates, adding diversity to its cultural fabric.
    Economic Landscape:
    • Traditional Pillars: UAQ's foundational economic activities revolve around fishing, date cultivation, and maritime trades.
    • Evolving Tourism: The untouched splendor of UAQ is attracting eco-tourists, water sports enthusiasts, and those in pursuit of tranquility.
    Notable Attractions:
    • Dreamland Aqua Park: A major water-themed attraction that draws families and adventure-seekers.
    • Umm Al Quwain Fort: A testament to the emirate's rich history, now serving as a museum.
    • UAQ Mangrove Beach: A hotspot for biodiversity, providing eco-tourists with experiences like kayaking and bird watching.
    • Umm Al Quwain Aeroclub: The go-to place for thrilling aerial adventures.
    Business Prospects:
    • Umm Al Quwain Free Trade Zone (UAQ FTZ - uaqftz.com/): A magnet for entrepreneurs and businesses, this zone offers myriad benefits including tax exemptions, 100% foreign ownership, and full profit repatriation.
    Real Estate Dynamics:
    • Cost of Living: UAQ is among the UAE's most affordable emirates, a factor that resonates in housing, dining, and transportation costs.
    • Rental Overview: A two-bedroom apartment's annual rental typically ranges from AED 25,000 to AED 40,000.
    • Property Purchase: Buying prices vary, but a standard two-bedroom apartment can range between AED 300,000 to AED 500,000, making it a compelling proposition when compared to the soaring prices in emirates like Dubai.
    Embracing Foreigners & Immigrants:
    • Cultural Assimilation: UAQ's welcoming nature, combined with its laid-back lifestyle, makes it an attractive destination for foreigners seeking an authentic Emirati experience.
    • Investment Opportunities: The emirate encourages foreign investment, evident from its property ownership laws and business incentives, making it a lucrative ground for foreign entrepreneurs and investors.
    • Safety & Infrastructure: Known for its safety, excellent infrastructure, and community-driven environment, UAQ is gradually becoming a preferred choice for many expatriates.
    Conclusion:
    Umm Al Quwain is not just an emirate; it's a narrative of tradition, opportunity, and serenity. Its beckoning shores, historical landmarks, and investor-friendly policies make it an undeniably attractive proposition for locals, tourists, and global citizens alike.

КОМЕНТАРІ • 3

  • @DevReboosted
    @DevReboosted 3 місяці тому

    Lived there for 10 years.. amazing, quite, relaxing place to work and live... missin UAQ from canada 🇨🇦

  • @BimalaHamal-cq1jx
    @BimalaHamal-cq1jx 4 місяці тому

    its good place to live, i have been there for 10 years

  • @richardbeaumont7960
    @richardbeaumont7960 2 місяці тому

    A lot of these photos and scenery shots are definitely not of Umm Al Quwain or even remotely like it. Especially from 2:50 to 4:20. Quite dishonest.