Before becoming one of the seven emirates of the United Arab Emirates in 1971 and achieving independence from Great Britain, Dubai started shipping oil in 1969.
The Trucial States, which today make up the United Arab Emirates, relied heavily on the pearl trade from the 1770s until the late 1930s. Pearl diving was the modest start in trade for those living in the peaceful fishing towns of the Persian Gulf, but it paved the way for something far bigger later.
Oil-related boundary disputes between Dubai and Abu Dhabi in the late 1950s caused a large exodus of residents from Dubai to other Gulf locations as Abu Dhabi prospered and Dubai struggled. Sheikh Rashid bin Saeed Al Maktoum, the ruler of Dubai, began investing in infrastructure in 1958 and, with the aid of loans worth tens of billions of dollars, built the city's first airport in 1960.
Dubai Location
Dubai is located on the United Arab Emirates shoreline on the Persian Gulf. Dubai has common boundaries with the Sultanate of Oman in the southeast, Sharjah in the northeast, and Abu Dhabi in the south.
The aerial view of Dubai city
Dubai Weather
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Dubai experiences two distinct summer and winter seasons, with year-round warm temperatures. The summer months (between June and August) have average temperatures of over 30⁰C, with January having the lowest average temperature of roughly 20⁰C.
General Information About Dubai
Area
4,114 km2 (1,588 sq mi)
Population
3,400,800 (as of Sep 2020)
Main Language
Arabic
Religion
Islam
Currency
UAE Dirham
Ruler of Dubai
Sheikh Mohammed bin Rashid Al Maktoum
Nominal GDP
$503.9 billion (nominal; 2022 est.)
Dubai Infrastructure
Dubai is a sought-after location for business decision-makers due to its favorable location, ease of conducting business, and strong infrastructure that drives its economy. The government of Dubai has invested billions in upgrading the transportation system to support overall economic growth and expansion. The introduction of the Hyperloop has revolutionized travel, allowing passengers to commute from Dubai to Abu Dhabi in just 12 minutes instead of the previously required two hours.
In addition, Dubai has embraced the future of transportation by launching driverless taxis. These eco-friendly, all-electric vehicles are expected to significantly increase road safety, as human error is a leading cause of accidents. The taxis are designed to accommodate a diverse range of customers, including the elderly and individuals with disabilities.
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Over the years, Dubai has developed into one of the world's most renowned and well-liked tourist destinations, luring people from all walks of life to its shores to take advantage of what the "must-visit" location has to offer. Dubai has lots to offer everyone, including a variety of entertainment options and traditional restaurants providing regional cuisine.
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You're never too far away from a breathtaking view, whether you're in Downtown Dubai near the Burj Khalifa, the tallest man-made structure on earth, or down at the marina, where four of the five tallest residential buildings in the world are located. Dubai's skyline is the tallest in the world based on the average height of its top ten tallest structures. Not to mention, the largest mall in the world is located in Dubai and is well-known all over the world. The malls are up-to-date, air-conditioned, and provide the newest trends.
As of 2022, Dubai's economy had a gross domestic product (GDP) per capita of $46,665. Minister of State for Foreign Commerce Dr. Thani Bin Ahmed Al Zeyoudi revealed that the non-oil trade of the UAE over 10 years was Dh16.14 trillion (4,4 trillion US dollars). UAE GDP increases significantly, from $407 billion in 2021 to $440 billion in 2022 and $467 billion the following year. Likely increasing from $43,868 in 2017 to $46,665 this year and $48,822 in 2023, the per capita GDP will also rise.
Dubai has based its economic growth on the tourism industry by creating hotels and real estate. The largest man-made harbor in the world, Port Jebel Ali was built in the 1970s, but it is also evolving into a hub for service industries like IT and banking, thanks to the new Dubai International Financial Centre (DIFC). The government founded and still owns Emirates Airline, which is located at Dubai International Airport. More than 49.7 million people used it in 2015.
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Dubai Culture and Traditions
The culture of the United Arab Emirates is mostly based on traditional Arab culture and Islam. Its architecture, music, clothes, cuisine, and lifestyle all significantly reflect Islamic and Arab influences.
Numerous international athletic events are held in Dubai. These have significantly improved its reputation as a travel destination. The Dubai Desert Classic is a well-known stop on the European Professional Golfers' Association (PGA) Tour, and the Dubai World Cup is the richest horse race in the entire world.
The Dubai Museum features objects and exhibits connected to the region's early history and traditional culture and is located in a citadel from the 18th century. Various branches of Dubai's public library system can be found all around the city, and several bookshops can be found in the city's shopping centers.
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Imtilak Global provides complete services to investors looking to enter the emirate's real estate industry. Imtilak Global strives to provide its clients with the greatest real estate prospects available in the Dubai real estate market. Our services include before, during, and after-sale services, as well as securing a title deed and property management services.
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Wealth, skyscrapers, luxurious shopping, and speeding expensive vehicles on the roads.
Dubai is famous for its wealth, glamorous and cutting-edge architecture, and vibrant shopping districts.
