Dubai or Dubayy (in Arabic) is one of the seven emirates that make up the United Arab Emirates (UAE) on the Arabian Peninsula.
Dubai is a city in the United Arab Emirates known for luxury shopping, ultramodern architecture and a lively nightlife scene. Burj Khalifa, an 830m-tall tower, dominates the skyscraper-filled skyline.
The ruler of Dubai is His Highness Sheikh Mohammed bin Rashid Al Maktoum who is also the Prime Minister of the federation of UAE. The crown prince is His Highness Sheikh Hamdan bin Rashid Al Maktoum.
Dubai’s Key Advantages
Strategic Location: Dubai is a time zone bridge between the Far East and Europe on the East-West axis and the CIS and Africa on the north-south axis. It is a gateway to a market that can be characterized as:
✔ Large – well established trading links exist with the greater than 1.5 billion people in the neighboring region covering the Gulf, Middle East/Eastern Mediterranean, CIS, Central Asia, Africa and the Asian sub-continent;
✔ Growing – Dubai’s total international trade has grown on average by over 11% per year since 1988 and regional economic growth and liberalization should boost demand further;
✔ Prosperous – a buoyant local economy strategically located in the midst of one of the world’s richest regions and well-endowed with ample supplies of cheap energy and primary aluminum; also adjacent to major regional suppliers of vital agro-export commodities;
✔ Diversified – varied and significant import requirements generate opportunities for product suppliers and re-exporters;
✔ Accessible – served by over 120 shipping lines and linked via 85 airlines to over 130 global destinations;
✔ Open – no exchange controls, quotas or trade barriers.
The words ‘first, tallest, deepest, most expensive, lavish, outlandish’ could have been created for this city. Where else would you find a seven-star hotel, visit a series of 200 man-made islands in the shape of the countries of the world, or climb the world’s tallest building?
Amidst all this modernity, as you head from a swim in the sea or a business meeting to designer boutiques, a round of golf or a top teppanyaki restaurant, the age-old souks still attract those who like to haggle. And yet only a few kilometers into the magnificent desert there are still camels roaming free.