The Emirate of Dubai is located along the coast of the Arab Gulf and has an area of around 3885 square kilometres, roughly equal to 5% of the country’s area exclusive of islands and has a population of around 1.4 million. Dubai has witnessed rapid economic developments during few past years, but it still attached to its heritage. See more on old Dubai.
The city of Dubai is the capital of the Emirate, divided into two parts by Dubai Creek. Bur Dubai on the the southern coast is the centre of administration and includes His Highness the Ruler’s Court, many corporate headquarters, banks, customs and Rashid Port. The northern coast is called Deira, and is the centre of the commercial and tourist activities including shopping malls, markets, schools, hotels, clubs and Dubai International Airport. Jebel Ali area is one of the most commercial and industrial areas inside the country, as it includes the largest free zone in the Gulf. There are many tourist attractions inside the Emirate such as Hatta, Al Awair and Al Khawaneej areas. See more on present day Dubai.
In Dubai there are a number of quality hotels that cater to the needs of visitors whether they are tourists or businessmen. These hotels provide international cuisine, as well as world-class facilities for conventions and conferences. Throughout the city, there are hundreds of restaurants that suite all tastes and budgets.
In addition to the traditional souks, the city has modern shopping malls providing international brands at reasonable prices. Dubai Shopping Festival held annually has become an international event attracting people from around the world who come to avail of competitive prices and draws, watching displays and shows and promotions.
Dubai, with an area of 3,885 square kilometers, is the second largest emirate in the UAE. Situated on the banks of the Dubai Creek, a natural inlet from the Gulf, which divides the city into the Deira district to its north, and Bur Dubai on its south, the city ranks as the UAE’s most important port and commercial center.
There are many reasons why it is worthwhile to invest in Dubai. As one of the safest cities in the world with a very low crime-rate, Dubai has a fair judicial system, a liberal economy, no income tax or corporate tax, no trade barriers, quotas or foreign exchange controls, 100% repatriation of capital and profits and strong investor incentives from the government of Dubai.
In just 50 years, the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, following in the footsteps of his father before him, has transformed a sleepy fishing village on the coast of the Arabian Gulf into one of the most dynamic, modern and cosmopolitan cities in the world.
An emirate of more than 200 nationalities and cultures, living and learning from each other and creating natural vibrancy and globalization, Dubai is also strategically located between the great continents of Europe, Asia and Africa and attracts approximately 5 million investors and tourists on an annual basis.
Dubai is now a city that boasts unmatchable hotels, remarkable architecture and world-class entertainment and sporting events. The beautiful Burj Al Arab hotel presiding over the coastline of Jumeira beach is the world’s only hotel with a seven star rating. The Emirates Towers are one of the many structures that remind us of the commercial confidence in a city that expands at a remarkable rate. Standing 350 meters high, the office tower is the tallest building in the Middle East and Europe.
Dubai also hosts major international sporting events. The Dubai Desert Classic is a major stop on the Professional Golf Association tour. The Dubai Open, an ATP tennis tournament, and the Dubai World Cup, the world’s richest horse race, draw thousands every year.
Dubai has been ranked the top FDI destination in 2008 as per the FDI Intelligence magazine of London based Financial Times.
In its position as the top destination city for FDI for 2008, Dubai attracted a total of 342 projects, had $21 billion (Dh77.3 billion) of capital investment and created over 58,000 new jobs. The number of FDI projects set up in Dubai grew by 59% on 2007 figures and capital investment soared from $9bn to $21bn between 2007 and 2008, a growth of 123%.
Dubai has for the first time been classified as the top destination city in the world surpassing the likes of London and Shanghai. Through FDI during 2008, Dubai has attracted 35% of total projects, 14% of capital investment and 25% of the jobs created in the MENA region.
Dubai has a sub-tropical climate. Rainfall is infrequent and irregular. Falling mainly in winter, temperatures range from a low of about 10 degrees Celsius to a high 48 degrees. The mean daily maximum is 24 degrees Celsius in January rising to 41 degrees Celsius in July.
Dubai has become one of the most sought after locations in the world with families drawn by a luxurious lifestyle, a wide selection of world-class schools, and a crime-free community. In 2005, the UAE ranked number one in Forbes magazine’s Employee Happiness Index proving a cosmopolitan culture, year round sunshine, sandy beaches, and unrivalled shopping and entertainment facilities, all combine to make Dubai an exceptional place to live.
Dubai has become a business hub for an ever growing region, boosted by growth in key industries, business friendly policies and its strategic geographical location, offering reach to 4 billion people within an 8-hour flight, including Europe, Africa, India, China and Russia.
Dubai is also the place of choice for expatriate to live in, offering a safe and modern cosmopolitan environment, excellent infrastructures and services, with access to high quality healthcare, education and a wide array of leisure and retail choices.
As a matter of fact, Dubai was voted in 2010 as Middle East’s Best of Quality of Living City (Quality of Living global city rankings 2010 – Mercer survey) and ranked 1st place for Middle East FDI destination city ranking, by FDI Confidence Index (2010).
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