There is also Burj Dubai, an impressive venture that will result in the world's tallest structure, which should be completed in 2008 and will stand at just over 800 metres in height. The United Arab Emirates is the major commercial centre in the Arab Gulf region. As one of the fastest-growing economies in the area, there are many opportunities for local and overseas investors. There are also many investors sought for off-plan developments in a city that is soon to become a focal point for many forms of industry.

The completion of the first part of the new Dubai World Central International Airport is also due in 2008. When this is completed, it will be the combined size of London Heathrow and Chicago O' Hare airports. Flights to Dubai will become much easier to obtain from a variety of destinations, enabling business trips to be made with greater frequency.

A great incentive that has been discovered by many businesses is that the United Arab Emirates has no federal legislation that imposes taxes except on oil-producing companies.

This region was once an impoverished area of small desert principalities. Since the discovery of oil there over 30 years ago, it has seen a startling transformation to a modern state with a very high standard of living. Now it offers an ideal base for carrying out business in the Middle East. Its location, midway between the Far East and Europe, and between the Former Soviet Union and Africa puts the United Arab Emirates at the hub of a dynamic and fast-growing trading network in the Arabian Gulf.

Of course, Dubai is also fast-becoming the centre of the leisure industry, offering stunning scenery and ultra-modern shopping experiences for those who take flights to Dubai.

Many airlines have spotted the United Arab Emirates as a potential ‘hotspot' and are consequently offering competitive prices for flights to Dubai. On Cheap Flights.co.uk, for example, you can pick up flights to Dubai from as little as £248 plus tax. The raging battle for custom is good news for potential businessmen thinking of using the benefits offered by the United Arab Emirates to their advantage. It is also good news for those simply wishing to soak up the sand, sea and shopping.

British citizens with a full unrestricted passport can visit without the need for a visa for an initial period of 30 days. This can then be extended for a further two periods, of thirty days each. After arrival it is possible to obtain residence and a work permit, but it is required that British nationals seeking residency should register with the British Embassy Consular Section in Abu Dhabi as soon as possible on arrival. The renewal of this registration needs to be completed annually.

It's worth checking out local guides to the area before travel – for example Dubai City Guide can give you valuable information on exchange rates and tips on doing business in Dubai. Of course, well-known travel sites like Lonely Planet can give you further background on the history, culture and tourism in the country.