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Umm al-Quwain Business

According to Law No. 3, Article 13, only UAE & GCC nationals or corporations owned by them can own property in Umm al-Quwain, but foreigners can buy land within the emirate (with the exception of certain investment zones). Foreigners can also get all the benefits of ownership with a 99-year lease.

The business sector in Umm al-Quwain largely consists of the trade, tourism and real estate sectors, and planners in the emirate have undertaken a very ambitious growth plan. In the plan, there is a high emphasis on the development of the country's infrastructure, and the goal is to boost the economy and provide jobs for thousands of people.

Those investing in Umm al-Quwain will benefit from tax breaks and good roads, reliable utilities, and the necessary infrastructure to get raw materials from one area to another. Umm al-Quwain is also in plans to develop additional business areas to complement its bustling residential areas, hoping to attract more foreign investors.

The majority of recent real estate developments in the UAE are in Umm al-Quwain, and the emirate plans to spend billions to build apartments, entertainment complexes, shopping centers, schools and villas. Most investors in Umm al-Quwain business are Indian, Pakistani, Iranian or Russian.

The booming real estate market in Umm al-Quwain has attracted larger investors like Emaar Properties, who have built the Umm al-Quwain Marina, designer hotels, thousands of homes, sports clubs and shops. A home or a business there will continue to hold its value, and property there is cheaper than in other emirates such as Abu Dhabi and Dubai.

Umm al-Quwain is still underdeveloped and it has opportunities aplenty to entice foreign investors. Luxurious homes and offices can be bought for far less than in neighboring Dubai. For those looking for a break from the hustle and bustle , Umm al-Quwain will provide a good opportunity to do business.

More Information

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