Business // The Demand for Housing in the UAE
Introduction
Macroeconomic industry will be the main discussion in this paper. The concentration is all about the macroeconomic situation in the United Arab Emirates. United Arab Emirates is a monarch in the Gulf Coast located in the Middle East. The country shares its borders with Oman to the South, Saudi Arabia to the west, and also shares maritime borders with Qatar to the west as well as Iran to the north. The country has a current population of almost 10 million, in which 90% are all expatriates while 10% are native Emirati Citizens. The country was established on the 2nd of December in 1971.
United Arab Emirates (UAE) is a country that is currently a thriving state due to their role of one of the richest nations to export oil and gas to all parts of the world that is why the nation is now improving their health care facilities and services to promote health and reduce mortality or morbidity. In this manner, the country is attracting different kinds of nationalities to work with their growing infrastructures that will help improve their health care facilities in the long run. As for this reason, the process of globalization is massively affecting the nation because there are too many local and international organizations, individuals, and institutions that manage to integrate with the current cultures from other nations. As a result, there were many local and international individuals that are now being involved with intercultural association with the foreigners that will help improve the health care system of Emirate society in a short and long term process. This manner can create significant concern for the social welfare and development for the Emirates authorities because the existence of foreign workers are now becoming as a threat to their thriving culture. This is the first reason wherein health care heritage has been greatly affected by the presence of globalization in United Arab Emirates for the reason that UAE is a nation that is now considered as the melting pot of all people around the world to make business activities. This process will help the nation to share their common values and beliefs regarding significant health care practices and behaviors affecting daily lives in the long run.
UAE Economic brief
Going through with the economic brief, UAE is the second largest economy in the Gulf Coast Countries. Basing from the Gross Domestic Product, UAE boasts at least $377 billion as of 2012. The GDP will continue to grow as there is continuous influx of investments in the area by foreign investors. UAE is currently ranked 31st for countries by having the most in the world for doing business for 2016. The main revenue generating issue is about their reliance on oil and other petroleum products because UAE has one of the largest oil reserves than any country around the world, which fuels their economic structure. Petroleum products are responsible for infusing both macro and micro economic stimulation for the country’s infusion of local and international revenues.
This reason will associate significant issues about emirate process of globalization that are currently on the process of involvement between locals as well as international individuals due to the existence of new opportunities that are being offered across the nation particularly with the health care management process. The process of globalization in UAE elaborates all kinds of significant aspects that will associate the claim that will assess the level of preservation of local health cultures that exists in the United Arab Emirates. In the same manner, it also includes the participation of multi-disciplinary approach that will try to elaborate the importance of health care management facilities that have been supplemented by the booming economy of the nation to decrease the amount of mortality and morbidity rates. It has been considered that the nation has been the melting pot between the East and West because people from the western and eastern hemisphere meet in UAE particularly with the flock of health care workers that includes nurses, doctors, Medical technologists, radiologists, and caregivers from around the world. This will help multicultural participation that will help facilitate globalization process, which is one of the most beneficial approach to know different cultures and traditions between migrant workers from around the world that are coming to UAE to work or to visit the area for leisure activities.
Real Estate sector in UAE
The United Arab Emirates is currently one of the most aggressive countries in the world for building super tall skyscrapers. There are more skyscrapers that are now being built to further improve the economic development across the country. Real estate development hosts numerous industries across the country, making it suitable for businesses to establish their industries and start serving both local and international stakeholders. One major attraction in the country is the Burj Dubai tower, which is currently the tallest skyscraper in the world, which stands more than 800 meters tall. Property developers are also building complex mall and other conglomerates in the area to ensure that there will be more spaces for small and medium enterprises to establish their businesses across the area. UAE government is also citing other reclamation areas within its coastal areas to create subdivisions for residents living and working across the country.
The second reason will be the presence of the innovative structures makes UAE locals that are doing enough to improve UAE’s health care facilities for the reason that they have been consistently utilizing latest technological advancement that will help prevent diseases and promote health with the help of globalization techniques. It has been agreed that the presence of globalization through health care improvement will be officially making significant improvement with this study for the reason that the opinions stressed out about the ideological principles of the UAE citizens regarding their health care services influenced from the present health care status and well-being for all kinds of local and international individuals and organizations that are being involved with the process of globalization in UAE. As a patriotism commentary, UAE has a strong practice of relying to the teachings of new scientific principles, which is the most influential concept that guides all kinds of political laws and policies that are applied to the health care facilities of UAE as specialized by Bratman (2009).
Abu Dhabi Residential Market
Abu Dhabi Residential Market has always been gaining full attraction with both local and foreign expatriates. The influx of several housing units provides residents to have a permanent area for them to settle while they are working across the country. Since Abu Dhabi is one of the fastest growing cities in UAE as well as in the Gulf coasts, there are complex sky rise buildings that offer urban residential markets for all expatriates in the area. The influx of more real estate residential is brought about by the presence of foreign interventions has been significant for improving the health care well being the local population to appreciate local standards because they are being facilitated with the latest technologies due to the presence of stable financial facilities to acquire new equipments. The process of new discoveries and interventions that has been developed by other health experts is now influencing the emirate government to adapt these new innovative values that will help implement healthy lifestyle to the people of UAE. As the nation is now starting to embrace positive consequences due to their oil production will help the globalization process of adapting other nation’s sophisticated health care technologies that will be applied to all kinds of local health care institutions that will be installed to the UAE communities. This will be transformed as a role model to other nations around the world being as a globalization process to help motivate other nations to practice health care facilities that will utilize the latest scientific studies and breakthrough to all kinds of health care issues.
Abu Dhabi Residential demand Forecast
For 5 years, Abu Dhabi still remains robust for having a sustainable and growing real estate market. There are numerous vacant real estate properties that are ready to be reclaimed and developed by real estate developers. As based on the theories, this is brought about by the having a robust economic theory that can be related with the real estate development process that can be observed from this study due to the process of economical development that has been facilitated by the production of oil, gas, and other energy resources as a strong and distinctive political and economical arena across the Arab region. Environmental theory through the presence of oil production plays an important role for the economic structure of UAE as a strong globalization activity for the reason that there are issues that makes them very distinctive or unique from other Arab countries in the Middle East for the reason that they have their own independent energy reserves that will be available to sustain the nation’s financial drive while exporting to other regions around the world. Social security theory is applicable through the understanding this part of economical profile of the UAE will be able to increase the amount of medical tourism due to the resilient and bullish economy that provides new and improved health care facilities that is now being able to become of the most famous global icon as one of the most sought health care practitioners around the world. Economic profile of the nation will be able to help the government to acquire new equipments to train new medical professionals that will be competent to provide health care services to local and foreign patient as mentioned by Jansson (2010). Energy sector plays an important role for sustaining the economic balance and competitiveness of UAE’s economic development and allowing real estate projects to grow. Real estate allow businesses to develop and establish across UAE, allowing more businesses to thrive.
Conclusion
It has been concluded that real estate is one of the main drivers of UAE’s macroeconomic development. The reason behind is that the role of real estate is one of the most important elements for boosting macroeconomic industries in UAE according to Thompson (2006). As an implication of this study on macroeconomic industry in UAE, it has been agreed that learned that UAE is practicing one of the most modernized facilities in terms of restructuring their health care facilities that are implementing sophisticated innovative structures that helps the local and foreign individuals across the nation to promote health care wellness and to prevent all kinds of diseases according to Bratman (2009). UAE does highlight their own identity because they rely more with different kinds of international insights and cultures so that we would be able to share more knowledge and values to accomplish their daily tasks as part of the globalization process to improve health care facilities and services. In this manner, it is recommended that the essay should also implicate about the use of learning their own sense of being involved with local and international activities that is one of the more important basis for creating beneficial activities to improve their social welfare in the long run. Cultural awareness through the process of instilling education will persuade local emirates in the UAE to love and appreciate the globalization activities taking place within the nation including adapting other culture that will help to increase the reputation of local residents for helping the society to grow.
References
Bratman, Clide (2009). All about UAE. Stanton: Precis Printing
Jansson, David (2010). Middle East Orientalism. New York: McGraw Hill.
Meringal, Brian (2007). Globalization of UAE. Miami: Shorne Publications.
Thompson, K (2006). Implications of rejecting national identity. New York: Flushcer Publications.
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