Dubai’s remarkable rise as a global leader in business and modernization has earned it significant international recognition. The city has become a major hub for business, trade, and tourism, known for its dynamic, business-friendly environment and a proven track record in delivering large-scale projects. The government is committed to establishing Dubai as the world’s leisure and entertainment capital, with a target of attracting 15 million tourists by 2030. This modern, cosmopolitan city is home to over 185 nationalities, living in a vibrant international community, and has evolved into an iconic symbol of the 21st century. Dubai continues to pioneer groundbreaking projects, such as the USD 15 billion expansion of Emirates Airlines and the USD 4 billion development of Dubai International Airport, both reflecting its dedication to achieving its ambitious goals.

Historically, Dubai’s strategic location near India made it a significant port for traders. It was known for its pearl exports until the 1930s, but the industry declined due to the Great Depression and the impact of World War II. Border disputes among the emirates persisted even after the UAE’s formation. In the 1950s, when the British moved their local administrative offices from Sharjah to Dubai, the city established electricity, telephone services, and an airport. It also partnered with Qatar to create a new currency, the Qatar/Dubai Riyal, following the collapse of the Gulf Rupee. The discovery of oil in the same year spurred rapid development, as Dubai granted concessions to international oil companies. This led to a massive influx of workers, particularly from India and Pakistan, causing the population to grow by over 300% between 1968 and 1975.

On December 2, 1971, Dubai, along with Abu Dhabi and five other emirates, formed the United Arab Emirates after the British withdrawal from the Persian Gulf. In 1973, the UAE adopted a unified currency, the UAE dirham. Throughout the 1970s, Dubai continued to prosper from oil and trade revenues, even as Lebanese immigrants sought refuge from the civil war. In 1979, the Jebel Ali Free Zone was established, which included the Jebel Ali port—recognized as the world’s largest man-made port. This zone offered foreign companies unrestricted labor importation and capital export.

Today, Dubai is considered one of the most desirable real estate markets in the world, with the city’s rapid growth making it the fastest-expanding urban area globally. Its strategic location, at the crossroads of Europe, Asia, and Africa, has contributed to its rising prominence as a tourist destination, with visitor numbers soaring from 1.8 million to 5.4 million over the past decade. Dubai is a place where East meets West, blending traditional values with Western capitalist interests to become a formidable economic force. The city boasts numerous world records and “firsts,” including:

• One of the largest airports in the world
• The world’s largest man-made port
• The largest shopping mall on the planet
• The only 7-star hotel in the world
• The world’s largest theme park, projected to surpass Florida’s Disney parks in size
• The tallest skyscraper in the world
• Palm Jumeirah, the first man-made palm-shaped island

Dubai is also a tax-free haven, attracting expatriates who enjoy a high standard of living, with a variety of dining options, cafes, theaters, malls, clubs, and entertainment venues. The education system is solid, and the city’s growing job and business opportunities continue to attract global talent. The real estate market is thriving as well, contributing to Dubai’s ongoing success as a world leader in enterprise and modernization. The city’s visionary leadership has played a crucial role in making it a top destination for commerce, trade, housing, and tourism.

Additional Highlights of Dubai