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    Dubai

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    Dubai is the largest city and capital of the Emirate of Dubai, one of seven emirates that make up the United Arab Emirates. It is located on the southeast coast of the Persian Gulf and has emerged as a global city and major business and transport hub of the Middle East. While Dubai's economy was originally based on oil and trade, oil reserves are limited and now the economy relies on tourism, aviation, real estate, and financial services, with Dubai attracting world attention through innovative construction projects and events.

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    Dubai

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    Dubai is the largest city and capital of the Emirate of Dubai, one of seven emirates that make up the United Arab Emirates. It is located on the southeast coast of the Persian Gulf and has emerged as a global city and major business and transport hub of the Middle East. While Dubai's economy was originally based on oil and trade, oil reserves are limited and now the economy relies on tourism, aviation, real estate, and financial services, with Dubai attracting world attention through innovative construction projects and events.

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    Dubai is the largest city and capital of the Emirate of Dubai, one of seven emirates that make up the United Arab Emirates. It is located on the southeast coast of the Persian Gulf and has emerged as a global city and major business and transport hub of the Middle East. While Dubai's economy was originally based on oil and trade, oil reserves are limited and now the economy relies on tourism, aviation, real estate, and financial services, with Dubai attracting world attention through innovative construction projects and events.

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    Download as docx, pdf, or txt
    20 views2 pages

    Dubai

    Uploaded by

    TEST
    Dubai is the largest city and capital of the Emirate of Dubai, one of seven emirates that make up the United Arab Emirates. It is located on the southeast coast of the Persian Gulf and has emerged as a global city and major business and transport hub of the Middle East. While Dubai's economy was originally based on oil and trade, oil reserves are limited and now the economy relies on tourism, aviation, real estate, and financial services, with Dubai attracting world attention through innovative construction projects and events.

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    Dubai (/duː ˈ baɪ / doo-BY; Arabic: ‫ دبي‬Dubay, Gulf pronunciation: [dʊˈ bɑj]) is

    the largest and most populous city in the United Arab Emirates (UAE).[4] It is
    located on the southeast coast of the Persian Gulf and is the capital of
    the Emirate of Dubai, one of the seven emirates that make up the
    country. Abu Dhabi and Dubai are the only two emirates to have veto power
    over critical matters of national importance in the country's Federal Supreme
    Council.[5][6] The city of Dubai is located on the emirate's northern coastline
    and heads the Dubai-Sharjah-Ajman metropolitan area. Dubai will
    host World Expo 2020.[7]

    Dubai emerged as a global city and business hub of the Middle East.[8] It is also
    a major transport hub for passengers and cargo. By the 1960s, Dubai's
    economy was based on revenues from trade and, to a smaller
    extent, oil exploration concessions, but oil was not discovered until 1966. Oil
    revenue first started to flow in 1969.[9] Dubai's oil revenue helped accelerate
    the early development of the city, but its reserves are limited and production
    levels are low: today, less than 5% of the emirate's revenue comes from oil.[10]

    The Emirate's Western-style model of business drives its economy with the
    main revenues now coming from tourism, aviation, real estate, and financial
    services.[11][12][13] Dubai was recently named the best destination
    for Muslimtravellers by Salam Standard.[14] Dubai has recently attracted
    world attention through many innovative large construction projects and
    sports events. The city has become iconic for its skyscrapers and high-rise
    buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has
    been criticised for human rights violations concerning the city's largely South
    Asian and Filipino workforce.[15] Dubai's property market experienced a
    major deterioration in 2008–09 following the financial crisis of 2007–
    08,[16] but the emirate's economy has made a return to growth, with a
    projected 2015 budget surplus.[17]

    As of 2012, Dubai was the 22nd most expensive city in the world and the
    most expensive city in the Middle East.[18][19]In 2014, Dubai's hotel rooms
    were rated as the second most expensive in the world, after Geneva.[20] In
    2013, U.S. global consulting firm Mercer rated Dubai the best place to live in
    the Middle East.[21]

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