Fujairah, the only Emirati capital city on the east coast of the UAE, is the hub of the industrial and trading sectors. With a large population, it has gathered the attention of the whole world by offering many investment opportunities. Real estate has garnered the most attention, and the city even welcomes expatriates to put their money into the UAE's markets. It is also called the Jewel of the Middle East. It carries a touch of culture with the modernisation of the world. After a 40-50 minute drive from Fujairah, tourists are offered pristine beaches and adventurous watersports, making it a premium investment spot.
One of the five largest emirates in the UAE, it has access to the west coast of India by the Indian Ocean, which provides trade benefits and allows it to do further business with a growing country every day. With a perfect location to carry out the trade near the ports, it benefits from carrying out the business in all the ideal places. Due to its proximity to the Port of Fujairah, i.e., the Strait of Hormuz, it is the perfect port for transporting crude oil and petroleum to other parts of the world. The ports have strong logistical support for any repairs and jams. The UAE is involved mainly in the oil business, giving Fujairah an edge over other locations. It carries considerable business, as it can transport enormous vessels smoothly. This port carries all the trade that comes from the Asian market and the African market. Being located mainly in the Arabian Gulf, it has an advantage by being involved in logistics, industrial, and business growth, and because of that, it has a particular hold over the Gulf of Oman.
Many beautiful and serene places attract tourists to Fujairah, making the area a better investment opportunity. Tourists rent out places near the popular destinations from Airbnb or take a hotel room, making all the locations in Fujairah prime. Tourists always look for things to do in the UAE, and Fujairah has many adventurous activities and water sports. They get to see the beautiful mountain scapes and the culture's vibrancy. It is a whole place that makes tourists go to Fujairah before going elsewhere. They can visit Fujairah's mosques, beaches, forts, parks, and retreat camps. So they camp out near the locations only. When investors from other places show interest in the real estate market of Fujairah, they see all the options the place offers them, and there are quite a lot in Fujairah.
Fujairah has made many developmental changes, making it the best real estate investment. The latest development program is estimated to be around $1.8 billion, and it will focus on all the sectors that will make the emirate one of the best locations to invest in. They are constructing a new international airport, which will benefit commuting and make it easy for tourists and expats. The approximate number of passengers that the airport can handle is more than 1 million, which will significantly add to the whole real estate investment strategy. The focus is also on the educational sector, inviting students worldwide to stay, grow, and contribute to development. All types of advancement are being brought to the place to make Fujairah a research and development center. This increases investment opportunities as people look for rentals, hotels, and office spaces to carry out and grow their businesses.
Several emerging business opportunities in Fujairah make it a prime location for expats to come and expand their ideas and businesses. It has a traditional oil business that has shaped its identity, but is now expanding into other sectors. Expats are increasing their investments in various sectors, including logistics, tourist centers, and business ideas. With a high-quality growing oil industry, it has also started to invest in the travel business. All types of transport are included, from export-import to regional and domestic. There is much growth in tourism and marketing. People from all over the world find refuge in the beauty there, making the expats focus on service providing and growth by the tourist attraction.
Conclusion:
Fujairah has kept the cultural touch of the UAE alive, but also added the modern touch of the world. When investing in the real estate business, Fujairah is less competitive than the other emirates, and this gives it an edge over them, as it brings more opportunities for the rest of the world to start fresh and take over the market. With comparatively lower prices, you can invest in a residential estate in Fujairah and reap the benefits later. The place offers a better quality of life and employment opportunities for students to settle.