The Dubai Air Show will showcase 150 aircraft - ranging from drones to commercial airliners - and the never-ending battle between Boeing and Airbus looks set to dominate proceedings.
But the show is also a major draw for the corporate jet business. Honeywell International, which produces aerospace systems for a wide variety of customers, forecasts that up to 9,250 new business jets, worth over £250 billion ($400 billion), will be delivered between now and 2023.
Large-cabin jets will account for more than 55 percent of those purchases, and BRIC countries will lead the way in buying power.
We've compiled a list of the ten most expensive new business jets on offer, according to Steve Varsano, the CEO and founder of the Jet Business, a jet brokerage firm. We've used list prices, which range from $38 million to $99 million. Prices can vary based on discounts, features and interiors.
Click ahead to see the list.
By CNBC's Kiran Moodley.
Boeing's Business Jet 3 was officially unveiled earlier this year and can fly up to 6,000 nautical miles.
Based on the Boeing's 737 commercial jet, the plane has an extremely large cabin. It features a lounge, staff area, dining room, and en-suite bedroom. The aircraft can carry 38 passengers and eight crew members, along with 230 pieces of luggage.
According to Steve Varsano, the founder of the jet brokerage company, the Jet Business, these larger jets are much more of a specialist market because their size means they can't land at much smaller airfields.
Varsano says that Boeing has sold 156 of its Boeing Business Jets since 1999.
The Airbus A319 ACJ is the nearest competitor to Boeing's Business Jet. It's also the tallest business jet currently on the market, with seating capacity of between 18 and 30 people and with a range of 5,900 nautical miles.
The plane is the corporate jet version of the Airbus A319, a shortened version of the commercial A320. Earlier this year, Emirates took delivery of a non-jet version of the A319 and turned it into a luxury private jet service that can be booked through its website. The Emirates Executive Airbus A319 can accommodate 19 people, with 10 private suites, a lounge and dining area.
The Gulfstream has become an incredibly popular choice with celebrities and billionaires since its launch.
But if you're looking to get your hands on the latest and most expensive Gulfstream, you'll have to wait until at least 2017 to receive your order. That's how long the waiting list is.
"The G650 is the new must-have model, with 38 delivered so far and an additional 40 expected by 2014," Steve Varsano, the founder of the Jet Business, told CNBC in an interview.
The aircraft can fly eight passengers and four crew 7,000 nautical miles non-stop, and has a maximum speed of 0.925 mach, making it the fastest jet currently in service.
The Gulfstream G650 has experienced such high demand that super-rich owners have started to flip them to other buyers. The sellers are pulling in profits of between $5 million and $7 million per flip. Billionaire Bernie Ecclestone, the Formula One tycoon, recently flipped his G650 to an Asian businessman for a $6 million profit, according to people familiar with the deal.
Bombardier's 7000 is similar to the less pricey 8000, offering an impressive 7,300 nautical mile range for 10 passengers in a four-zone cabin space.
The Canadian firm knows that the main interest in the business aviation sector is for ultra-long-range planes. As Bombardier goes head-to-head with Gulfstream for the long-range market, the firm is hoping that customers will be prepared to wait three years when it will start delivering the 7000 and 8000.
According to the General Aviation Manufacturers Association, at the end of the third quarter of 2013, Gulfstream delivered 38 planes worth $1.96 billion, while Bombardier delivered 36 worth $1.38 billion.
The Bombardier 8000 offers three separate living areas including a "stateroom". According to the company, the three-zone cabin layout was developed based on research on the needs of its customers worldwide. This model can carry between 8 and 19 passengers.
The 8000 can fly 7,900 nautical miles at Mach 0.85, opening up customers to routes such as Los Angeles to Sydney or Hong Kong and Mumbai to New York. Bombardier says that the 8000 also sets a new standard for fuel efficiency, "with the lowest fuel burn and lowest emissions in its class."
"The Bombardier Global Express series probably competes most closely with the Gulfstreams in terms of cabin space and exclusivity," Steve Varsano, the founder of the Jet Business, told CNBC.
While the 7000 and 8000 will not be ready until 2017, the 6000 has already hit the market and proven popular with customers due to the aircraft having the largest usable passenger cabin volume in its class.
With a range of 6,250 nautical miles, the 6000 features a more advanced cockpit compared to the jet it replaces, the Bombardier Global Express XRS.
The 6000 is currently the top-of-the-line offering from the Canadian company and will be on display at the Dubai Air Show. It can carry eight passengers and a crew of four non-stop from Tokyo to Dubai, Johannesburg to London or Moscow to Los Angeles.
Gulfstream's older model, the G550 is a market leader with 476 sold and has been around since 2003.
The Gulfstream G550 comes with all the amenities a high-flying businessperson would expect from their personal jet: a fax machine, wireless local area network and satellite communications all come as standard. It also has a fresh-air system that continually fills the cabin with 100 percent fresh air.
Hot on the heels of Gulfstream and Bonbardier, French jet maker Dassault is also extremely popular in the long-range business jet market.
In fact, the Dassault Falcon 7X is the only three-engined business jet at this end of the market offering excellent performance from short airfields, according to Steve Varsano of the Jet Business.
So far 215 of the aircraft have been manufactured since their introduction in 2007 and they remain popular despite a slightly smaller cabin volume than the Gulfstreams or Globals.
The interior of the 7X has been designed by BMW, with a walk-in shower compartment and a cabin featuring a Blu-ray DVD player and in-flight internet connectivity.
Embraer showcased the new, upgraded version of the Lineage 1000 called the Lineage1000E, at the National Business Aviation Association Convention in October in Las Vegas. It can travel up to 4,600 nautical miles, and can carry as many as 19 passengers in five cabin zones.
Embraer's executive jets COO Marco Tulio Pellegrini called the new jet a "home away from home," with comforts such as electrically controllable seats and tables, multiple ports and iPad docks, as well as iPad-controllable lighting systems. Up to five TVs can be installed in the cabin. The largest part of the cabin, zone three, can accommodate a 48-inch TV with five speaker surround sound.
The new Falcon 5X is set to make its first flight in the first quarter of 2015 and Dassault will display the new aircraft at this year's Dubai Air Show. The plane will be able to fly 5,200 nautical miles.
According to Dassault, natural light will flood the 5X given the 28 windows that are "significantly larger" than previous Falcon models. Windows do seem to be a theme of the model, with the galley featuring a "sky light" to light the cabin further.
"The buyers of these top of the range jets will usually have very particular design tastes, often inspired by their many homes and offices and worldwide travel. It is not uncommon for the design themes from owners' yachts to be recreated on their private jets," Steve Varsano, the founder of the Jet Business told CNBC in an interview.
"However, for the vast majority, their jet is a business tool and as such is used primarily to save time and travel in comfort."