Your Dubai Guide
Your source of information relating to
Dubai
Dubai Overview
Dubai
is one of the seven emirates of United Arab Emirates (UAE). UAE was founded on
December 2, 1971. UAE is situated on the eastern side of the Arabian Peninsula,
bordering Saudi Arabia to the west and south and the Sultanate of Oman to the
east.
Today
Dubai is one of the fastest growing economies with growth coming from tourism,
construction, real estate, trading and transport. Dubai’s move to diversify the
oil dependent economy to other sectors has paid off with a phenomenal growth in
other sectors.
Dubai
has become a sought after tourist destination where one can shop for the best
of brands as well as have an Arabian experience. Dubai is also the home of the
tallest free standing structure in the world, Burj Dubai that would be a major
tourist attraction in years to come.
The
real estate and construction is witnessing a phenomenal growth with construction
of iconic structures such as the Palm, the Burj Dubai, etc. There are a record
number of constructions taking place in Dubai to cater to the insatiable demand
for real estate from people all around the world. The real estate sector has
provided one of the highest returns to investors and is expected to provide a
reasonable return in the future due to high rentals prevailing in Dubai.
Dubai
seeks to position itself as a trading hub for the entire region by creating the
infrastructure in term of ports, warehouses, etc. There are a number of
companies that have set up shop in Dubai to cater to the entire Middle East
region as well as parts of Africa, Asia and erstwhile Soviet Union.
Dubai
is also seen as a major transportation hub with a number of airlines setting
shop. Emirates airlines has one placed of the largest orders for aircrafts.
Dubai is promoting itself as a major transhipment hub wherein passengers would
take connecting flights to various destinations.
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