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