Results
The housing policies and property laws in Dubai and Abu Dhabi are developed to protect the interests of the UAE citizens.
The government housing policies oriented to the Arabs in Dubai and Abu Dhabi are citizen-friendly, and the citizens have the opportunity to choose among several developed housing programmes to participate in which are sponsored by the emirates’ government, and they are in progress because of the continuous investments.
Thus, following the research findings on the issue, it is possible to state that foreigners have the limited rights to buy the property in Dubai and Abu Dhabi. In Dubai, the Emaar Real Estate Company and Jumeira Projects are responsible for intermediation and control over the process of buying the property (Oxford Business Group 2007, p. 237).
The focus of Abu Dhabi’s authorities is on satisfying the housing demands of different categories of the emirate’s population (Emirati Housing Programs 2013). The citizens of Abu Dhabi can use the opportunity to apply for the loans in order to buy the houses and to participate in housing programmes oriented to providing the houses for the decreased fees.
Thus, while participating in the housing programmes, 78% of the Abu Dhabi population can solve the housing problems and buy the houses as compared to 80% in Dubai (Kazimee 2012; UAE Social development: housing 2013).
Discussion
Abu Dhabi and Dubai are the most economically developed emirates which can be discussed as providing the example of the successful progress for the other emirates.
Having analyzed the current literature, reports, and research findings on the property rights, housing policies, and real estate sector in Dubai, it is possible to compare the accomplishments of the two emirates’ leaders in solving the issue of property rights and development and implementation of the effective housing policies.
In spite of the fact that the housing policies and associated programmes in Abu Dhabi and Dubai differ in some points, the basic principles and followed property rights are similar as well as the governments’ orientation to the emirates’ progress. Differences in the emirates’ policies and programmes are caused by the differences in Abu Dhabi and Dubai’s directions with references to their tourism and housing sectors.
From this point, the main focus is put on promoting the citizen-friendly housing programs in Abu-Dhabi and on the development of the real estate sector in Dubai because of the emirates’ directions for the further progress.
Such programmes and actors as the Sheikh Zayed Housing Programme, the Mohammed Bin Rashid Housing Establishment Services organization, the Dubai Properties Group, DAMAC Properties, Emaar Properties, and Nakheel Properties play an important role in promoting the housing sector in Dubai and guarantee the further stabilization of the economy within the sector in relation to the developed and implemented housing policies and programmes (UAE Social development: housing 2013).
The regulatory agencies in both the emirates work to protect the interests of the citizens and to prevent the possible crises associated with the housing policies and programmes.
Conclusion
Seven emirates as government bodies form the United Arab Emirates. The political system of the state is based on the constitution of 1971. It is possible to state that the economic system of the United Arab Emirates is one of the most developed systems of the Middle East because of the role of the oil sector in the state’s economy.
Abu Dhabi and Dubai are the leading emirates in the country characterised by the most developed economies. Having analyzed the development of Abu Dhabi and Dubai with the focus on the housing policies and property rights, the government housing programs used in the emirates were compared with references to the current research on the issue in relation to their effectiveness and possible differences.
The main trends in the real estate markets of Abu Dhabi and Dubai were analyzed properly, and it is possible to state that the economic and environmental sustainability of Dubai and Abu Dhabi depends significantly on the effectively worked out housing policies and programmes.
Reference List
Emirati Housing Programs 2013. Web.
Kazimee, B 2012, Heritage and Sustainability in the Islamic Built Environment, WIT Press, Ashurst.
Oxford Business Group 2007, The Report: Abu Dhabi 2007, Oxford Business Group, Oxford.
UAE Social development: housing 2013. Web.