Dubai’s success story as a world leader
in enterprise and modernization has earned the city great
international distinction and has made Dubai an important
business, trading and tourism hotspot. Dubai is a dynamic,
business-friendly city with a great track record for executing
His Highness General Sheikh Mohammed Bin Rashid Al Maktoum,
UAE Vice President, Prime Minister and Ruler of Dubai, has
dedicated himself to making Dubai a leisure and entertainment
capital of the world aiming to bring in 15 million tourists
by the year 2010.
Dubai is a modern cosmopolitan city and is home to a mixture
of more than 185 ethnicities that live in a lively, international
setting and has become an icon for the 21st century. Dubai
has great pioneering new projects.
The USD 15 billion expansion of the Emirates Airlines fleet
and the USD 4 billion expansion of the Dubai International
Airport area is a testament of this commitment to attain such
Tracing the history of Dubai, its geographical nearness to
India had made it an important port for many tradesmen. Dubai
was known for its pearl exports until the 1930s but due to
the World war and Depression era this industry dissipated.
There were some border disputes with the various emirates
even after the formation of the UAE. Electricity, telephone
services and an airport were established in Dubai in the 1950s,
when the British moved their local administrative offices
from Sharjah to Dubai. The town joined the newly independent
country of Qatar to set up a new monetary unit, the Qatar/Dubai
Riyal, after the deflation of the Gulf Rupee. Oil was discovered
in Dubai the same year, after which the town granted concessions
to international oil companies. The discovery of oil led to
a massive influx of foreign, mainly Indian and Pakistani workers,
into the city. As a result, the population of the city from
1968 to 1975 grew by over 300%, by some estimates.
On 2nd December 1971 Dubai, together with Abu Dhabi and five
other emirates, formed the United Arab Emirates after former
protector Britain left the Persian Gulf in 1971. In 1973,
Dubai joined the other emirates to adopt a single, uniform
currency: the UAE dirham. In the 1970s, Dubai continued to
grow from revenues generated from oil and trade even as the
city saw an influx of Lebanese immigrants fleeing the civil
war in Lebanon. The Jebel Ali Free Zone, comprising the Jebel
Ali port (reputedly the world's largest man made port) was
established in 1979, which provided foreign companies unrestricted
import of labor and export capital.
Dubai is considered to be an enviable real estate place in
the world. Dubai is the fastest growing city in the world.
Dubai is rated as a very safe place to reside. Dubai is actually
very strategically located and is not too far from Europe,
Asia or Africa. Dubai is earning the title as a tourists’
city of the world. This is evident in the numbers itself.
The number of visitors to Dubai has grown from 1.8 million
to 5.4 million in the past decade.
Dubai is a place where the East meets west. Dubai is cultivating
the perfect marriage of its own traditional approach fused
with western capitalistic interests and thus making Dubai
a great economic force.
Dubai is a tax free haven. Expats who come here on a job have
discovered that there is something for everybody in this beautiful
city. The city has many dining spots serving different cuisines,
cafes, theaters, multiplexes, pubs, clubs, malls etc. Also
there are a myriad of entertainment options to choose from.
- Dubai is most definitely a home to many firsts:
- It has one of the biggest airports in the world
- The largest man made port in the world is in Dubai
- The largest mall in the world is situated here
- The only 7 star hotel in the world is located in Dubai
- The largest theme parks in the world and is estimated to be bigger than Disney parks in Florida.
- The largest skyscraper in the world
- Palm Jumeirah the first man made palm-shaped man made island
The education system is good and systematic. The job and business
opportunities are ever increasing in Dubai. The real estate
scene is also growing tremendously.
Dubai’s great big success story as a world leader in enterprise
and modernization has earned the city international level
rave reviews and this has established Dubai as a leading commercial,
trading, housing and tourists’ hub. Dubai is a dynamic, business-friendly
city with an outstanding track record which is evident in
the different projects undertaken. And all this is due to
its great visionary leaders.