Why Is Dubai Important?

Located in the eastern part of the Arabian Peninsula on the coast of the Persian Gulf, Dubai aims to be the business hub of Western Asia. It is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub.

Why is Dubai called the impossible city?

  • Buildings that seem impossible to build.
  • The tallest building in the world.
  • Has the largest artificial island.
  • Mega structures.
  • The rotating tower.
  • It’s in the middle of the desert.
  • Everything seems possible.
  • Ice skiing in the desert.
  • Broke many world records.
  • The world’s biggest shopping mall.

Why is Dubai an internationally important city?

Dubai is quickly emerging as one of the top global cities. It is full of potential, innovation and the UAE was named one of the freest economies by the Cato Institute. The economy is diversified. The biggest sectors of economy are trade and tourism, which account for more than 28% of the GDP.

Why is Dubai so successful?

Oil was discovered in Dubai just over 50 years ago, but only accounts for one percent of its earnings. So, what makes the city of Dubai so rich? The move away from oil led to a boost in tourism, and the little oil Dubai eventually discovered in 1966 went towards building the city we know today.

Why is Dubai so rich?

Its diverse economy makes Dubai one of the richest in the world. Unlike other states in the region, Dubai’s economy doesn’t rely on oil. The growth of its economy comes from business, transportation, tourism and finance. Free trade allowed Dubai to become a wealthy state.

Why is Dubai the most popular?

Dubai is the eponymous capital of one of the UAE’s 7 emirates. The city is known for its riches, its glitzy and innovative development and architecture, and its shopping scenes. It’s easy to discover both local and more cultural sides to the so-called City of Gold.

Who is the richest man in Dubai?

Majid Al Futtaim – Net worth: $6.1 Billion With a net worth estimated by Forbes to be $6.1 billion, Majid Al Futtaim ranks as the richest person in Dubai.

How does Dubai build so fast?

Coupled with the joining of the newly independent country of Qatar and Dubai to create a new currency, the Riyal, after the devaluation of the Persian Gulf rupee which had been issued by the Government of India, it enabled Dubai to rapidly expand and grow.

Is Dubai the richest city in the world?

In the Middle East and Africa region, Dubai ranked first for combined HNWI private wealth, followed by Tel Aviv, Israel, with a total of $312bn, New World Wealth found. Globally, New York City topped the list with total wealth held reaching $2.9tn as of June 2021.

Is there poor in Dubai?

The UAE is one of the top ten richest countries in the world, and yet a large percentage of the population lives in poverty — an estimated 19.5 percent. Poverty in the UAE can be seen in the labor conditions of the working class. Migrants come to Dubai looking for work and send remittances back to their families.

Why is Dubai so hot?

The climate of Dubai is warm and sunny due to its position near the line of the Tropic of Cancer. During the winter season it has an average daytime temperature of 25 °C (77 °F).

What makes Dubai a beautiful city?

It is often suggested that Dubai is one of the world’s most unique cities. And this comes from the amazing landscapes made up of palm-shaped islands and some of the tallest buildings in the world. With numerous audacious projects in store for World Expo 2020, Dubai’s future is very much in its own hands.

Why Dubai is so beautiful?

Aside from the beautiful weather and gorgeous beaches, Dubai has an impressive infrastructure and a plethora of stunning buildings. The city is home to the world’s largest malls, the highest tower on the planet and some of the most exclusive restaurants, hotels and nightspots around.

Is Dubai the most beautiful city in the world?

Dubai Voted Number 1 In The Arab World On A List Of The ‘Most Beautiful Cities’ Flight Network, an online travel guide has ranked Dubai as the most beautiful city in the Arab world.

Nine Reasons Dubai Could Be The Most Important City Of The 21st Century

Some cities appear to capture the essence of a specific period in history. Dubai appears to be representing three distinct times at the moment, one of which appears to be more significant than the other two. First and foremost, it represents one of the final breaths of the oil culture; second, it represents the emergence of business as a means of governing society. Also noteworthy is the movement in the world’s economy away from established markets and toward developing markets, which is the third and most significant.

I went to New York with the goal of acquiring a greater understanding of the city, but I came away thinking about the city during its post-World War II heyday, when it was ushering in the decades of America’s ascendance.

It’s not uncommon to see Gulf state royalty arriving in Rolls Royces to park in hotel parking lots, and the call to prayer can be heard from mosques around the city.

I had this interesting interaction with a salesman in a jewelry store in the Dubai Mall when he asked if I wanted to view a necklace he was showing me.

  • “I’m not sure I want to spend$20 today,” says the author.
  • It is establishing itself as a worldwide metropolis, and it may even become the world’s emerging markets capital in the near future.
  • The population of this United Arab Emirate has increased from around 1 million a decade ago to well than 3.3 million people now, with approximately 80 percent of those being foreigners.
  • During my visit to the city’s free trade financial zone, I saw that air conditioning sticks were being used to force cold air into the open in a vain attempt to make the sweltering heat of walking between buildings tolerable.
  • In the end, I felt like I’d seen what most Western tourists see: a city devoted to the best in entertainment, as well as a freewheeling economic hub, a sort of wild west in the middle of nowhere.
  • “In many Western minds, Dubai is either a magnificent real estate play or a ‘play ground’ to attract global businesses, or both,” says Christopher M.
  • This underestimates the strategic seriousness with which authorities in Abu Dhabi and elsewhere are pursuing their vision of the UAE as a regional and global powerhouse for 21st-century innovation across society, according to the report.


This is something I haven’t heard people from Dubai talk about yet (they might; I simply haven’t heard about it), but when success stories like Naqvi’s – who’s a Pakistani citizen who arrived to Dubai as an unknown – become more regular, it seems just a matter of time until they do.

For comparison, in more prominent immigrant cities like New York, where between 30-40 percent of the population is foreign-born, this figure dwarfs the figure in the United Kingdom.

Immigrants tend to be more enterprising than native-born individuals; the greater the ease with which they can integrate into the economy, the more quickly they will contribute to growth.

The most astute critics on cities understand that immigrants are the lifeblood of great cities.

White stated in 1949 that the city of final destination was the most important aspect of New York’s identity.

Dubai serves as a gateway to the rest of the world.

It serves as a gateway to three different areas.

“Asia, the Middle East, and Africa are markets growing at twice the rates of the developed world,” he added.


It is a natural-resources-rich nation of 80 million people with a strong and educated population of young people.

In the interim, it is expected that financial companies in Dubai would act as mediators between the parties.

It is making a concerted effort to modernize, particularly in the area of women.

“All three UAE ambassadors, one consul general, and the UAE Permanent Representative to the United Nations in New York are female officials.

In the fields of science, technology, engineering, and mathematics (STEM), women account for 46% of all graduates in the country.” 5.

In contrast to the economies of other Middle Eastern countries, Dubai’s economy will not be wiped out by the decrease in oil prices.


Dubai is renowned for having cheap taxes, yet this is beginning to change as the Emirate implements a few new levies (still no income tax).

For example, Abraaj has its headquarters in the International Financial Center, which is a region where restrictions on foreign ownership of businesses have been relaxed in recent years.


One art dealer I met described the design of some of the new villas being built in Dubai as “Beverly Hills meets barf,” which is exactly how I felt about it.

On the same week as the Abraaj meeting, I attended Art Dubai, a massive conference of galleries from all over the world that took place in the same city.

Even five years ago, it could have been difficult to locate a large number of legitimate technology businesses in Dubai.

Ala’ Alsallal, the company’s founder, relocated from Amman, Jordan, to Dubai to oversee the launch of the company’s print-on-demand service.

Then there’s Souq.com, the Middle East’s first unicorn, created by a Syrian, which has become a household name.

Even though the majority of the world looks the other way or just sees the city’s glossy exterior, Dubai is rapidly transforming itself into a worldwide financial and commercial hub.

There are several reasons why Americans should pay greater attention to Dubai, the most important being: Great cities, at some time in their history, seem to have set out to construct themselves – and that appears to be what Dubai is doing right now.

Dubai (city)

As the city and capital of the emirate ofDubai, Dubai is also known as Dubayy. The emirate, which includes Dubai as its capital, is one of the wealthiest in the United Arab Emirates, which was established in 1971 following the country’s separation from Great Britain and became independent in 1971. When it comes to the origin of the term Dubai, there are various ideas. One believes it has something to do with thedaba, a species of locust that infests the region, while another believes it has something to do with a market that used to operate near the city.

13.5 square kilometers (13.5 square miles) (35 square km).

Character of the city

As well as sun-seeking tourists, Dubai is a city of skyscrapers, ports, and beaches, where substantial commerce is conducted alongside them. Because to its huge expatriate community, it has the appearance of a Middle Eastern melting pot, with a generally accepting attitude. Affiliations with religious organizations are not prevalent in city life. Islam is the predominant religion in Dubai, however churches and Hindu temples live peacefully alongside the city’s mosques. Quiz on the Encyclopedia Britannica Quiz on the world’s largest, tallest, and smallest structures What is the name of the world’s tiniest island nation?

  • Take this quiz to see how well you know about extremes all throughout the world.
  • Aerial image of Dubai, the capital of the United Arab Emirates.
  • View all of the videos related to this topic.
  • Dissension with Dubai’s authoritarian government and ruling class, on the other hand, is not allowed, and a culture of covert corruption continues to prevail.


Small lengths of sandy beaches may be found in the western region of Dubai, which have aided in the growth of the city’s tourism sector. Dubai’s leadership have tried to expand the city’s restricted seafronts, and, in the lack of natural offshore islands, developers have been urged to create massive man-made islands off the coast of the city, a move that has sparked international controversy. These include the Palm Jumeirah, which is shaped like a palm tree and is the most well-known of them.

Palm Jumeirah is a landmark in Dubai.

Image courtesy of NASA.

City site and layout

Dubai is located on the southern coasts of the Persian Gulf, straddling a natural inlet known as Dubai Creek. Because the early city’s economy was based on fishing, pearl diving, and marine trade, the area served as Dubai’s geographic center for more than a century. Those who have lived in Dubai for a long time may recognize the buildings that line the creek, the most of which date back to the 1960s and are rarely more than two floors high. A number of much older structures have been renovated in the Bastakiyyah area, which is located on the western side of the creek.

The new city center is comprised of a stretch of towers that along Sheikh Zayed Road in Abu Dhabi.

The Dubai International Financial Centre, which is housed in a futuristic arch-shaped building, and the Burj Khalifa, which was the world’s tallest building at the time of its official opening in 2010 and was named after the president of the United Arab Emirates and emir of Abu Dhabi, Khalifa ibn Zayed Al Nahyan, are both located close to Sheikh Zayed Road.

The Burj al-Arab, a massive sail-shaped structure that serves as a luxury hotel, is located on the outskirts of the city. A little further west, there are new clusters of skyscrapers encircling a man-made harbor and a number of artificial lakes.


In common with the rest of the Persian Gulf coastline, Dubai enjoys a hot temperature all year round. Humidity is highest during the summer months and lowest during the rest of the year, with the exception of the winter months. The coldest winter month is often January, with lows of approximately 15 degrees Celsius (49 degrees Fahrenheit), while the warmest summer month is typically July, with highs of more than 40 degrees Celsius (104 degrees Fahrenheit).


Over the past two centuries, Dubai’s population has slowly increased from a few thousand native residents to well over two million, representing a tenfold increase. The majority of the early population growth were the result of merchants from neighboring nations deciding to migrate to Dubai because of the city’s business-friendly atmosphere, according to the United Nations Population Division. The city’s building boom in the latter part of the twentieth century resulted in a significant increase in the number of South Asian laborers as well as an influx of talented expats from all over the world, who today play an essential role in Dubai’s multi-sector economy.

The majority of the expatriate population, with the exception of laborers who are housed in work camps outside the city boundaries, is scattered across Dubai.

There are large Christian, Hindu, and Sikh groups in this country, but the majority of the indigenous people and the majority of the expatriate population are Muslim.

Why Dubai Is So Important

A great deal has been written about Dubai’s amazing wealth as the crown jewel of an oil-rich nation, and this is well documented. One aspect of Dubai’s transformation to an innovation-based economy that is less well recognized is how it is positioning itself to do so. The profitable finding of oil and the subsequent diversification into higher-value-added economic sectors have transformed what was once a sleepy fishing hamlet into a global icon of opulence and prosperity. With this trajectory, Dubai will be established as a regional centre for entrepreneurial and innovative activity.

Innovation is the Key

It’s tempting to think of Dubai as a place with simply the most apparent attractions – luxurious automobiles, great hotels, and shopping complexes. Upon closer inspection, though, it becomes clear that there is more going on. In addition to the country’s emphasis on bringing the most cutting-edge technology and innovation to the UAE, the substantial investments in new start-ups are transforming Dubai into the leading startup center in the MENA region (Middle East and North Africa). The United Arab Emirates is made up of seven emirates, which include the capital, Abu Dhabi, as well as locations such as Sharjah, Ajman, and, of course, Dubai, which is the largest city in the country.

Structures such as the world-famous Burj Khalifa symbolize the peak of contemporary technical achievement and sophistication.

Other ambitious objectives include developing the infrastructure for robot cops, flying automobiles, and self-driving vehicles, as well as being the world’s first government to be powered by blockchain technology.

The UAE government assists in the commercialization of this and similar concepts by providing free office space and operating incubator programs that allow for the growth of the country’s own innovation economy, among other things.

The Financial Times reports that more than $3 billion was raised from Middle Easterners for technological developments in the area in the last year.

Big Ambitions for the Future

You may easily dismiss Dubai as a place that is only known for its apparent attractions, such as its luxury automobile industry, spectacular hotels, and retail malls. More information is readily revealed as one takes a closer look at the situation. In addition to the country’s emphasis on bringing the most cutting-edge technology and innovation to the UAE, significant investments in new start-ups have transformed Dubai into the region’s top startup center in the MENA (Middle East and North Africa).

  • As the ambitious ruler of Dubai and Prime Minister of the UAE, Sheikh Mohammed has been at the forefront of the city’s development into a worldwide innovation centre, placing a strong emphasis on education and innovation as the city’s top priorities.
  • According to current plans, the Hyperloop system would provide unrivaled high-speed transit between Dubai and Abu Dhabi and will be operational by the end of next year.
  • All visa applications, bill payments, and license renewals – which amount for more than 100 million papers each year – are to be processed digitally by 2020, according to Dubai’s vision, utilizing blockchain technology.
  • Some of the most promising start-ups in the region have benefited from these infusions of capital, which has resulted in an astonishing increase in the number of new start-ups and dollars spent in recent years when compared to prior years.

Plenty of Fresh, Youthful Talent

When it comes to creating the ideal future for the United Arab Emirates, the country is quite serious. The region’s potential has drawn a large number of people from all over the world to the area, and the sheer number of people visiting is simply remarkable. 85 percent of the 9.4 million people that live in the UAE are foreigners, making up a significant proportion of the population. At the time of writing, Dubai was experiencing some of the world’s fastest population growth, with the bulk of new immigrants being highly educated.

A Landscape to Be Navigated

The possibility that exists in the Middle East and North Africa (MENA) is not without its difficulties, and it necessitates dedication and patience. The fragmentation of the area as a whole is the most pressing corporate concern. The majority of the 22 countries in this region operate under a variety of regulatory frameworks and employ a variety of different currencies and business practices. Geopolitical tensions, reliance on energy resources, and the issues associated with refugee influxes are all well-known dangers.

The city established a number of free trade zones to encourage private enterprise from the West to establish itself in the predominantly government-run economy.

For quite some time, they have been the most important factor in bringing foreign wealth and talent to Dubai.

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – Note from the author: The opinions expressed here are my personal and do not necessarily reflect those of my employer.

11 Things That Make Dubai Truly Unique

Because of its deep links to culture and history, Dubai continues to be distinct. Dubai is one of those places that never fails to leave a lasting impression on visitors. The city’s central position, the large number of expats living there, the wealth, the traditions, and the lively culture are just a few of the reasons why so many people are drawn to this dynamic metropolis. If you haven’t been to Dubai yet, then be ready to pack your belongings; and for those who have, then here is the section for you.

  1. Besides the fact that it has every single store and kind of entertainment possible, the ambiance within the mall is similar to that of a mini-community or metropolis, where the majority of inhabitants of Dubai assemble every weekend to catch up with one another.
  2. Never get tired of gazing at it, and the light shows and fireworks displays around New Year’s are just another example of why this city is so amazing.
  3. As a result, Dubai is one of the most varied and international cities in the world, making it a really unique and diversified destination for visitors and residents alike to visit or live in.
  4. Because there are so many different cultures celebrating different holidays, there will always be something fun to look forward to throughout the weekend!
  5. |Photo courtesy of Amit Kar/Flickr Most major cities across the world will offer a diverse selection of delicious cuisine, butDubai’s culinary scene is particularly noteworthy for its variety.
  6. Most things can be delivered in Dubai, including furniture, gadgets, and groceries.
  7. Due to the extreme heat of the desert and the cultural norm of not many people wanting to venture out alone, Dubai caters to all of our requirements and allows us to order in rather than go out.
  8. Who wouldn’t want delicious cupcakes delivered to their door anytime they wanted them?

His Royal Highness is also well-known for transforming Dubai into what it is today, including the development of Dubai Internet City, Dubai Media City, the Dubai International Finance Centre, the Palm Islands, the Burj Al Arab Hotel, and the world-famous Burj Khalifa structure, among other things.

  1. From the St.
  2. Regis Saadiyat Island Hotel and its $35,000-per-night Royal Suite From the gold-infused coffee you may have at brunch to the gold-infused coffee you can order at any time, Dubai certainly has its moments of excessive luxury.
  3. |Abdullah AlBargan/Flickr |Abdullah AlBargan Since the country’s independence, Dubai has grown tremendously, and it’s hard to realize that only a generation ago, many residents in the little coastal town of Dubai were still pearl divers or fishermen, as is the case now.
  4. Despite Dubai’s rapid expansion and modernisation, what distinguishes it from other cities is its ability to maintain a strong connection to the local culture, religion, and customs.
  5. Even before its economic boom, Dubai had a long history of dealing with and for gold|Tribes of the World/Flickr|Even before its economic boom, Dubai had a long history of trading with and for gold|

The recently established UAE Gender Balance Council will continue to fight to guarantee that women and men are treated equally in school and the workplace, and the future appears bright as more and more women achieve success in government, the public sector, universities, and the scientific fields.

How Dubai Became One of the Fastest-Growing Cities in the World

When viewed from above, Dubai’s breathtaking skyline displays the contrast between the ancient desert city in the distance and the high-rise modernism of today|mauritius pictures GmbH / Alamy Stock Photo Dubai has been identified as one of the world’s fastest-growing cities, with a population increase of more than 500 percent in the last few decades, according to official figures. Find out how a little fishing town on the outskirts of the desert grew into the most populated city in the United Arab Emirates by reading this story (UAE).

  1. However, while it may not come as a complete surprise, it only tells part of the tale.
  2. In its early years, Dubai was a fishing community that grew in importance as a result of its closeness to Iran, eventually becoming a major trading route to the Persian Gulf.
  3. Residents of Dubai flocked to other regions of the nation in large numbers, and investment in infrastructure came to a grinding halt as a result.
  4. Between 1968 and 1975, the population of Dubai increased by a factor of three hundred percent.
  5. That is a phenomenal increase of 569 percent, despite the fact that oil contributes for just 1 percent of the country’s GDP (Gross Domestic Product).
  6. Due to tax advantages, custom duty benefits, and the lack of limits on foreign ownership, Dubai has emerged as a worldwide economic hub, with many businesses establishing headquarters here as a result.
  7. Photograph by Iain Masterton / Alamy Stock Photo showing an evening view of Dubai’s financial and business area in the United Arab Emirates.

The population of Bahrain’s capital, Manama, has increased by 359 percent in the last decade.

Qatar’s capital city, Doha, is the country’s most populated metropolis.

In addition to new stadiums being built expressly for the football event, a large number of matches for the 2022 World Cup will be staged in the city.

Another desert city, Las Vegas, Nevada’s epicenter of nightlife, casinos, hotels, and partying has grown beyond the Strip to become a popular retirement destination for many people in the United States of America.

An additional success story is the city of Manama, the capital of the Kingdom of Bahrain|Jon Arnold Images Ltd / Alamy Stock Photo Though the information in this report is drawn from the previous 30 years, the present picture paints a totally different image.

Cities in India and China will account for the vast majority of the top ten cities on the list in the future, with Tokyo’s position as the world’s largest metropolis being seriously threatened by Jakarta.

Africa is also on the verge of developing its own megacities, with cities such as Lagos and Kinshasa, which are seeing tremendous expansion in the continent’s western and central regions, respectively.

Dubai, the Most Important City of the 21st Century

Dubai is gradually establishing itself as one of the world’s most important cities. It is brimming with promise and innovation, and the Cato Institute has identified the UAE as one of the world’s most free economies. The Forbes magazine published an article by Elizabeth MacBride, a contributing writer for businesses in the Middle East and North Africa, in which she discussed the top nine reasons why Dubai might be the most significant city in the world in the twenty-first century. Elizabeth addresses local initiatives to attract the greatest people in eCommerce, robotics, artificial intelligence, space exploration, and healthcare in her piece.

The UAE has a population of 3.3 million people, with 80 percent of them being foreigners.

  • Dubai serves as a gateway to the rest of the world. It serves as a stepping stone to three continents: Asia, the Middle East, and Africa. According to Mustafa Abdel-Wadood, global head of provide equity, the markets in these three areas are developing at twice the rate of the developed world. The economies of these three regions are also diverse. The largest economic sectors are commerce and tourism, which together make for more than 28 percent of the country’s gross domestic product (GDP). With 27 percent and 14 percent of GPD, respectively, the next two largest sectors are business and finance, followed by transportation. The dedication to free trade is also a significant factor. Dubai is well-known for having low tax rates. This includes the establishment of international financial centers, such as the Foreign Financial Center, in which international investment is encouraged by the laws of the land.

Dubai is quickly gaining recognition as a high-tech, inventive, and cultural capital of the world. Due to the country’s eagerness for international investment and its closeness to some of the world’s fastest-growing markets, it is not a location that firms should disregard. To read the rest of Elizabeth’s essay and to see the other reasons why Dubai is becoming a top city, please visit: Nine Reasons Dubai Could Be The Most Important City Of The Twenty-First Century.

Dubai grows on the sea – Historical Views

The graphic on the right depicts the future idea for Dubai Marina in its current form. Dubai is a city in the United Arab Emirates, and it is the capital of the emirate of Dubai. Located on the southeast coast of the Persian Gulf, Dubai is one of the seven emirates that make up the country of the United Arab Emirates. It has the greatest population in the UAE (2,106,177 people) and the second-largest land area (4,114 km2) in the country after Abu Dhabi, which serves as the country’s capital. The city of Dubai is located on the emirate’s northern shore and serves as the administrative center for the Dubai-Sharjah-Ajman metropolitan region, which includes the other three emirates.

The emirate’s economy was previously based on the oil industry, but it is now driven by a Western-style corporate model, with the majority of its income coming from tourism, real estate, and financial services rather than the oil sector.

The city has become internationally recognized for its skyscrapers and high-rise structures, notably the Burj Khalifa, the world’s tallest building, as well as ambitious development projects such as man-made islands, hotels, and some of the largest retail malls in the Middle East and the globe.

The global economic slump that followed the financial crisis of 2007-2008 had a significant impact on Dubai’s property market, which witnessed a significant decline in 2008-2009.

The city of Dubai is the 22nd most expensive in the world according to 2012 figures, making it the most expensive city in the Middle East.

According to Mercer Global Consulting, a US-based global consulting organization, Dubai is one of the greatest locations to live in the Middle East. In 2011, the city was recognized as the best place to live in the Middle East.

Image below is an idea for the future of the Dubai Marina. Located inside the emirate, Dubai is a metropolis in the United Arab Emirates and the world’s most populous city. Emirates of Dubai are located on the Persian Gulf’s southern shores, and they are one of seven emirates that make up the United Arab Emirates. In the United Arab Emirates, it has the second-largest population (2,106,177) and the second-largest land area (4,114 km2) after Abu Dhabi, which serves as the country’s capital. In addition to being located on the emirate’s northern shore, Dubai also serves as the administrative center for the Dubai-Sharjah-Ajman metropolitan region.

  1. As a cosmopolitan metropolis, Dubai has developed over time to become a worldwide city as well as a commercial and cultural centre for the Middle East and Persian Gulf area, according to the United Nations Development Programme.
  2. Several large-scale development projects and sporting events in Dubai have recently received international notice.
  3. Aside from raising awareness of the city’s South Asian workforce, the increased focus has also drawn attention to labor and human rights problems.
  4. The Oxford Business Group, in a 2013 assessment, stated that Dubai was making a slow but steady comeback, with assistance from the surrounding emirates.
  5. According to Mercer Global Consulting, a US-based global consulting business, Dubai is one of the greatest locations to live in the Middle East.
  6. The SAR/ASAR radar sensors on the ERS-1/2 and Envisat spacecraft were used to create this multi-layer picture, which was created by merging photos from the two satellites.
  7. The region marked in green (Envisat 22 April 2010) is particularly noteworthy since it contains the two manmade islands now under development.
Images used to create the multi-colour merge above

This multi-layer picture is a composite of many photos captured by the Envisat satellite’s ASAR radar sensor and combined into a single composite.

The development of Dubai is seen in the graphic during a two-year period (between the dates of acquisition). The growth of the area is highlighted in light blue (as of April 22, 2010).

Images used to create the multi-colour merge above

Using a sequence of photos obtained by the ALOS AVNIR-2 (a Japanese satellite), this animation demonstrates how Dubai has evolved over the course of a year, from December 2006 to July 2010. The viewer may witness the various stages of development and construction of the artificial islands along the coast in these photos and videos. In this animation, constructed from a sequence of photos obtained by the Landsat 4, 5, and 7 satellites between April 1984 and May 2003, the rise of Dubai is seen from left to right.

From fishing village to futuristic metropolis: Dubai’s remarkable transformation

As the world’s tallest skyscraper when it’s finished, the rocket-shaped Dubai Creek Tower will surpass the Burj Khalifa, which is located just a few miles away. The Dubai Creek Tower, rising over the city’s skyline, is shown in architectural detail. Image courtesy of Emaar This latest addition to the Dubai skyline is extravagant and showy, and it is characteristic of a city that was nothing more than a fishing town only a few decades ago, according to the World Bank. With its foundation in oil and real estate development, Dubai has emerged as the globalized financial capital of the United Arab Emirates (UAE), serving as a regional center for commerce, tourism, and financial services.

  1. It has become synonymous with massive projects such as man-made islands, the world’s biggest natural flower garden, the world’s tallest ferris wheel, and the world’s most opulent hotel, among others.
  2. Photo courtesy of REUTERS/Karim Sahib/Pool Oil is the foundation of the structure.
  3. Because it was easily accessible from all over the world, the population exploded in the decades that followed, with the majority of the growth being driven by foreign migrants.
  4. Image courtesy of Reuters/Satish Kumar Abu Dhabi, the capital of the United Arab Emirates and by far the wealthiest emirate, has seen a population surge in the previous 50 years.
  5. Oil contributes less than 1% of Dubai’s GDP now, although it used to account for more than half.
  6. Having said that, Dubai is also constructing a massive coal-fired power plant, which will be the first of its kind in the United Arab Emirates.

What is the Annual Meeting of the Global Future Councils?

The Annual Meeting of the Global Future Councils will take place in Dubai from November 3-4, 2019, and will be a massive brainstorming session. It brings together more than 600 members of the World Economic Forum’s Network of Global Future Councils – leaders from academia, business, government, and civil society – to discuss global challenges and opportunities. The conversations will encourage creative problem-solving to solve the most pressing issues of our day, as well as developing or cross-cutting issues relating to the Fourth Industrial Revolution, among other things.

Dubai’s economy has not been functioning well in recent years, despite the seeming wealth on show in the city.

Image courtesy of the Financial Times Despite Dubai’s efforts to diversify its economy, much of the city’s present challenges can be traced back to the collapse in oil prices that occurred in 2015.

A number of emirates, including Abu Dhabi, are making attempts to diversify their economies, with a particular focus on expanding their non-oil knowledge-based industries.

In some of the country’s least developed districts, the government is providing loans and promoting investment as well as ecotourism. The opinions stated in this article are solely those of the author and do not reflect those of the World Economic Forum as an organization.

Subscribe for updates

A weekly summary of what is currently on the global agenda.

10 reasons to visit Dubai

Dubai, which arose from the Arabian desert, is a city bursting with ambition, boasting everything from mega malls to some of the world’s tallest buildings and the world’s largest artificial islands. Weather-wise, Dubai can get extremely hot in the summer, so the best time to visit is between November and January, when you can enjoy clear skies and picture-perfect beach weather. If you’ve never visited this incredible destination before, here are ten reasons why you shouldn’t miss out. 1.Dubai has the world’s most impressive skyline, which is located in Bur Dubai.

  1. 2.Climb to the top of the world’s tallest building.
  2. Known for its super structures, including the Burj Khalifa, which stands at 1,717 meters tall and is the world’s tallest building.
  3. When you have 163 floors, you can be sure that the view from the observation decks will be well worth the entrance fee.
  4. Individuals travel from near and far to indulge in retail therapy and to visit the attractions that have been integrated into shopping malls.
  5. 4.You can go skiing in the desert if you want to.
  6. In the middle of the Arabian Desert, Dubai is home to a ski slope, which is unique in the world.
  7. 5.There is a thriving foodie scene in the city.

Every cuisine is represented by hundreds of restaurants ranging from Arab to Persian to Indian to Pakistani to Filipino to French to Japanese to Chinese to British to American.

When you consider the plethora of food festivals that take place throughout the year, as well as the constant stream of pop-up restaurants, it’s no surprise that people talk about newcomers putting on the ‘Dubai stone.’ 6.There are 1,000 kilometers of beach to enjoy.

With more than 300 days of sunshine per year and more than 1,000 kilometers of coastline, you’ll never be too far from the beach to get a tan on the sand.

The Dubai Design District has only recently opened, and with a slew of art and design festivals, such as Art Dubai and Design Days, taking place throughout the year, there’s always something interesting to see and do for those with an eye for beauty.

With nearly 200 different nationalities calling Dubai home, and a whopping 90 percent of the population hailing from countries other than the UAE, it is arguably one of the world’s most cosmopolitan cities, according to some estimates.

The level of diversity on display in the city is unrivaled.

The Dubai Fountain is an extremely entertaining sight for everyone, but children in particular will enjoy it!

It’s nearly 1,000 feet long and shoots water up to 500 feet into the air, all while being accompanied by a variety of classical, contemporary, Arabic, and world music.

10th, let’s not neglect to mention the Palm Island In 2001, construction began on what would become the world’s largest artificial island, Palm Jumeirah. It is home to multi-million dollar mansions as well as a number of five-star luxury hotels, including the iconic Atlantis The Palm.

United Arab Emirates country profile

The United Arab Emirates (UAE) is a federation of seven states that has transformed itself from a sleepy backwater to one of the most prominent economic centers in the Middle East in recent years. Even though the UAE has traditionally been conservative and authoritarian in its governance, it is one of the more liberal nations in the Gulf, with diverse cultures and faiths being allowed on a general basis. It became the first Gulf state to establish diplomatic ties with Israel when it did so in 2020.

The United Arab Emirates was one of just three nations in the world to recognize Taliban control in Afghanistan at the time.

However, since the beginning of oil exports in 1962, the country’s society and economy have seen significant changes.

Firms in the United Arab Emirates have made significant international investments.


  • Inhabitants: 8.1 million
  • Land area: 77,700 square kilometers (30,000 square miles)
  • Major language: Arabic
  • Major religion: Islam Life expectancy is 76 years for males and 78 years for women
  • The currency is the dirham.

United Nations and World Bank Photographs courtesy of Getty Images


Sheikh Khalifa bin Zayed is the president of the United Arab Emirates. Sheikh Khalifa bin Zayed, the president of Abu Dhabi and a pro-Western moderniser, was appointed by the United Arab Emirates Federal Council in November 2004, shortly after the death of his father, Sheikh Zayed Bin Sultan Al Nahyan, at a ceremony in Abu Dhabi. Getty Images is the source of this image. The seven emirates that make up the United Arab Emirates – Abu Dhabi, Dubai, Ajman, Fujairah, Ras al Khaimah, Sharjah, and Umm al Quwain – all preserve a high degree of independence from one another.

Getty Images is the source of this image.

The establishment of Dubai Media City and twofour54, Abu Dhabi’s media zone, was aimed at attracting major international players.

The United Arab Emirates has one of the highest rates of internet penetration in the Arab world.


The following are some significant dates in the history of the United Arab Emirates: 1971 December – Following their independence from the United Kingdom, Abu Dhabi, Ajman, Dubai, Fujayrah, Sharjah, and Umm al Quwain form the United Arab Emirates, which includes the cities of Abu Dhabi, Ajman, and Dubai (UAE). The federation is presided over by Sheikh Zayed Bin Sultan Al Nuhayyan, who is also its president. Ras al-Khaymah becomes a member of the federation in 1972. 2006 is the first time that national elections have been held.

2015: The United Arab Emirates participates in airstrikes against Houthi rebels in Yemen, which are led by Saudi Arabia.

The United Arab Emirates establishes diplomatic ties with Israel in 2020. Getty Images is the source of this image. Dubai Creek, as seen in the image caption: In recent decades, the United Arab Emirates has seen remarkable growth.

Related Internet Links

The BBC is not responsible for the content of any web sites linked to from this one.

Information on Business and Investment in Dubai

The economic shifts that have shaped Dubai into the metropolis that it is today are discussed here. Dubai is the second wealthiest emirate in the United Arab Emirates, behind Abu Dhabi, which serves as the country’s capital. In addition to being a major commerce and tourism attraction, the city’s port (JebeL Ali) serves as the regional hub for export trade in the Middle East. Since the establishment of the Dubai International Financial Centre (DIFC) in 2004, the city has grown into a global centre for service sectors such as information technology and finance, among others.

  1. The non-oil sector accounts for the vast majority of Dubai’s GDP (more than 95 percent).
  2. These statistics illustrate why Dubai has transformed its economy into one that is more dynamic and diverse in order to survive the depletion of fossil resources.
  3. The Burj Al Project (Burj Al Arab Hotel), which began in 1994 and is intended to be a long-term plan with the goal of becoming Dubai the world’s premier tourist destination, provided the economy reason to be optimistic.
  4. Some of Dubai’s most important investments have been severely hampered as a result of the worldwide economic downturn that has recently taken place.
  5. As a result, the majority of its ongoing projects, as well as the jobs of its expatriates, were adversely affected.
  6. Dubai has also positioned itself as a global technology hub that provides services to areas such as finance and information technology.
  7. Due to a promising growth rate of 6.1 percent in 2014, Dubai appears to be on its path to become one of the Middle East’s fastest-growing economies.
  8. By 2014, China has been regarded as Dubai’s most important commercial partner, followed by India and the United States.
  9. In 2018, Dubai had 15.93 million tourists, maintaining its position as the world’s fourth most popular tourist destination overall.

Due to the fact that the city is home to approximately 250 gold businesses, Dubai is appropriately known as the ‘City of Gold.’ Dubai has been awarded the proposal to host the much-anticipated Expo 2020, which would provide a significant boost to the local economy and is estimated to generate more than 270,000 jobs.

Why Investment in Dubai Is So Important

A great deal has been written about Dubai’s amazing wealth as the crown jewel of an oil-rich nation, and this is well documented. One aspect of Dubai’s transformation to an innovation-based economy that is less well recognized is how it is positioning itself to do so. The profitable finding of oil and the subsequent diversification into higher-value-added economic sectors have transformed what was once a sleepy fishing hamlet into a global icon of opulence and prosperity. With this trajectory, Dubai will be established as a regional centre for entrepreneurial and innovative activity.

The key to success is innovation.

However, a closer examination shows much more.

The United Arab Emirates is made up of seven emirates, which include the capital, Abu Dhabi, as well as locations such as Sharjah, Ajman, and, of course, Dubai, which is the largest city in the country.

Dubai is the world’s most innovative city.

When completed, the Hyperloop transportation system between Dubai and Abu Dhabi would provide unrivaled high-speed transit between the two cities.

Other ambitious ambitions include the construction of infrastructure for robot police officers, flying automobiles, and self-driving vehicles.

By 2020, Dubai intends for all visa applications, bill payments, and license renewals, which account for more than 100 million papers each year and are transacted digitally through the use of blockchain technology.

The UAE’s commitment to innovation has helped it improve its ranking in the 2017 Global Innovation Index, which measures how active cities are in nurturing new technologies based on key performance metrics such as market sophistication and human capital.

The pursuit of new technical advances is impossible without the assistance of venture finance.

Careem is the most well-known example of a venture capital company that has achieved success.

Souq.com was recently bought by Amazon for US$650 million, and ecommerce platforms like as Noon are attracting significant investment from real estate investors who see tremendous potential in the industry as a whole.

Many significant technological companies, including as Microsoft and Vodafone, are actively involved in the market.

There is a lot of young, fresh talent.

After further consideration, I discovered that Dubai has an extraordinarily youthful and technologically skilled workforce at its disposal.

Thousands of individuals from all over the world have come to the region to take advantage of its opportunities, and the sheer number of people visiting is absolutely remarkable.

According to the United Nations Population Division, Dubai has one of the world’s fastest-growing populations in 2016.

The need to travel around a landscape The possibility that exists in the Middle East and North Africa (MENA) is not without its difficulties, and it necessitates dedication and patience.

The majority of the 22 countries in this region operate under a variety of regulatory regimes and employ a variety of different currencies and business practices.

The city established a number of free trade zones to encourage private enterprise from the West to establish itself in the predominantly government-run economy.

For quite some time, they have been the most important factor in bringing foreign wealth and talent to Dubai.

Allow SVB to assist you with opening a worldwide gateway.

That is why, over the past 15 years, Silicon Valley Bank has made significant investments in assisting innovators, investors, and their partners in their efforts to explore global growth prospects.

We assist enterprises in the United States with their worldwide expansion efforts through our international network.

Stripe is a partner with whom we work to assist foreign enterprises.

SVB can assist you if you are seeking for an experienced financial partner while you explore expanding your operations internationally. We invite you to connect with us at Global Gateway.

Leave a Comment

Your email address will not be published. Required fields are marked *