Research Paper On Dubai Economy

Dubai Dubai is the important and popular part of the United Arab Emirates and it is the second largest city in the United Arab Emirates. It has many different nationalities around the world .A few years ago, Dubai was a desert, then Dubai become the fastest growing cities and it becomes the important city in the Middle East because it has a strong economy in the Middle East. Dubai is always trying to be a unique city and it is trying to have luxury life requirements. Dubai is progressing more than any other cities because the government has economic stability and tourism and it is a unique combination between the past and the modern life. Dubai transformed from a desert area to an area of economic stability, a place for tourism, and known …show more content…
Dubai used to be a very poor place to live it used to be nothing but a desert. For instance, people in Dubai were known for their trade on sheep and camels. After that, Dubai has become relied on natural factors in Dubai and began to discover many sources of money. There were not businesses, local investors, or a place for investors’ to come from different countries. Dubai economy was at first based on income from the oil business then, the construction industry began to boom. These days, the economy of Dubai is very strong because it has many investors come from different countries and they come to Dubai because it is a tax free city. Also, the companies have high paid salaries, so most of residents are wealthy .For instance, residents typically drive sport cars, thus meaning the government has to provide Lamborghinis and Ferraris to be able to catch them. As a whole the economy of Dubai has changed from being based on the oil industry to the construction …show more content…
Long ago, there were not foreigners or investors come to Dubai because there were no opportunities for jobs or business. When the economy of Dubai has risen there are many foreigners come to Dubai. It is has been a dream to live in or even visit for others only because of its high and magnificent hospitality of foreigners. They treat people equally and with no discrimination in any way, which that is almost impossible in other big cities around the world. Even The United State has some kind of discrimination .For example; we see different kinds of neighborhoods. One is mostly Mexicans, Indians, Whites, Black, Chinese, etc. In Dubai, people live with different background Jews, Muslims, Christians, Chinese, and many