ONE Investments Global Explains the Impact of Dubai’s Growth

The fact that some countries in the world thrive above all expectations is no secret. After all, economies vary, and gross domestic products are widely different for certain regions. One such area is the prominent city in the United Arab Emirates, Dubai. It was founded in June of 1833 and it received a name that originates from the word "money". The story behind the naming comes from the belief that individuals in this area were always financially successful. Consequently, the locals decided to give the region a name that showcases wealth. Over the years, however, Dubai has achieved unprecedented growth that most people are unaware of.

The Oil and Property Market

Dubai officially discovered oil in 1966. One could label that year as the most important in the city’s history when it comes to the city's financial wellness and longevity. With many drilling companies that rapidly started operating, employment opportunities and capital skyrocketed. After a while, the oil coming out of Dubai took over the worldwide market. Consequently, the property values increased and countless investors started looking into local opportunities. Additionally, companies like One Investments Global started working with those individuals and established a market of their own.

Property Values

Although the current trends are negative, the real estate in Dubai is one of the world's most powerful markets. Investors that seek long-term gain actually prefer to invest during a period of falling prices. After all, the only way to make a gain is to buy at a discount and sell at a premium. Hence why One Investments Global, continues to serve many clients who are excited to invest in the city. As the market continues to evolve, the growth will only continue amplifying. Eventually, all industries are expected to reach a peak and many people who previously invested will recognize sizeable gains.

International Impact

Although Dubai is growing internally, its expansion reaches numerous international destinations. For example, every large oil project eventually utilizes the world's heftiest ports. Thus, it is not unheard of for a port like those in New York to become an invaluable asset to Dubai itself. After all, the transportation of crude oil is a very important segment of the Dubai economy. As such, thousands of employees around the world ensure that all the transportation processes are successfully accomplished. Additionally, the international trade that the city ignited is growing beyond all expectations. And that does not even include the many thousands of foreign investors who come to purchase various local assets.

Local Impact

Here in the states, the influence of Dubai may seem like a distant story from a faraway land, however the impact of Dubai can be seen in the day-to-day life of even the more remote areas of New York. The business dealings of Dubai have an immediate impact on local oil and gas prices due to their prestigious standing within OPEC, and yet oil only accounts for roughly 3% of their annual GDP. More importantly, Dubai directly impacts the prices of gold and diamonds used in every aspect of American production. If Dubai hikes the prices of their gold exports, electronics manufacturers in America and China will feel a direct impact. Therefore, New York natives would do well to pay attention to the investment strategies and responsibility of real estate investment firms like One Investments Global. Major changes in their strategy may signal pending changes to the New York economy.

A Bright Future

Although forecasting the market conditions is difficult, Dubai seems a clear winner. Based on the current patterns, one would be safe to say that the future is very bright. Moreover, people can expect to continue seeing oil drive up revenues as more investors arrive. Additionally, companies like One Investments Global will continue to facilitate healthy purchases. With a seemingly unlimited amount of capital flowing into the city, the future may surpass all expectations. Now would be the perfect time to invest in Dubai's markets and watch the investment grow in value.