Dubai is the most populous city in the United Arab Emirates . It is located on the southeast coast of the Persian Gulf and is 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 countrys legislature. The city of Dubai is located on the emirates northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.
Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubais 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. Dubais 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 emirates revenue comes from oil. The emirates Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. 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 worlds tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the citys largely South Asian workforce. Dubais property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirates economy has made a return to growth, with a projected 2015 budget surplus. (source : wikipedia)
Our latest articles
More videos, if you dare!
Amazing Water & Sound Exp
Best of funny guilty dog
25 Most Expensive Things
The Worst Black Friday Di
5 People With Real Superp
Most Shocking & Worst X f
Best of romanatwood prank
200 Amazing things in jus
Like our Facebook page for more!