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about dubai
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About Dubai
Dubai is regarded the Desert’s most exciting city. It is the city of merchants, cultural crossroads and second largest of the seven United Arab Emirates. A country where the dust of the desert is clearing to reveal the potential for one of the most significant international cities of the 21st century.
Originally a small fishing settlement, Dubai was taken over in the 1830s by a tribe led by the Maktoum family, which still rules the emirate today. So began a trading empire based on gold, silver, pearls and spices. A fusion of Arab, Persian and Indian flair established Dubai’s business acumen.Since 1833 the reigning Al Maktoum family have ruled Dubai. Under their wise and progressive leadership Dubai has prospered and it is now the business and tourism hub for a region.
Wedged between Europe and Asia, buttressed by Africa, Dubai’s encouraging tax regimes, state-of-the-art telecommunications and sympathetic business environment have produced a country that is building energetically on the advantages which location, centuries-old trading savvy and oil wealth have given it.
With enormous construction and development in various industries, Dubai has attracted world-wide attention through innovative real estate projects, sports events, conferences and Guinness records. However, this increased attention, coinciding with its emergence as a world business hub, has also highlighted potential human rights issues concerning its largely immigrant workforce.
Another distinguished aspect of Dubai is its population. The population of Dubai is comprised mainly of expatriates, with UAE nationals (Emiratis) constituting the minority. The majority of these expatriates come from South Asia and South East Asia. A quarter of the population reportedly trace their origins to neighbouring Iran. Dubai is also home to some 100,000 British and other western expatriates. The UAE government does not allow any form of naturalization or permanent residence to expatriates. However, foreigners are permitted to purchase and own property without a local partner or sponsor.
Dubai has her own system of ownership for the expatriats. The expatriates run almost all of the commercial establishments in partnership with the local partner. The local partner is not actively involved in these matters.He merely "rents" the business license for a negotiated annual fee without taking part in any capital investment. The numerous free trade zones allow for full expatriate ownership.There is an increasing number of "freehold" villas and apartments on artificial islands such as the Palm Islands and in many parts of Dubai for example The Greens, Dubai Marina, International City, etc. Ownership is either permanent or on a 99 year lease depending on which area—freehold areas were announced in the press in July 2006.
The official language of Dubai is Arabic. However, other languages like English, German, Hindi/Urdu, Malayalam, Tamil, Persian, and Tagalog are also widely spoken. Islam is the majority religion of the Emiratis and while a vast majority of the locals are Sunnis, there is a significant Shiite minority. There are also large numbers of expatriate Hindus, Sikhs, and Christians. Dubai is the only emirate that has Hindu temples and a Sikh Gurdwara.Financial support to non-Muslim groups from the Dubai government comes in the form of donated land for the construction of churches and other religious facilities, including cemeteries. They are permitted to raise money from among their congregants and to receive financial support from abroad. Christian churches are permitted to openly advertise church functions.
Dubai and its twin across the Dubai creek, Deira became important ports of call for Western manufacturers. Most of the new city's banking and financial centres were headquartered in the port area. Dubai maintained its importance as a trade route through the 1970s and 1980s. The city of Dubai has a free trade in gold and until the 1990s was the hub of a "brisk smuggling trade" of gold ingots to India, where gold import was restricted.
Today, Dubai is an important tourist destination. Its world famous Jebel Ali port has the largest man-made harbour in the world. It is also increasingly developing as a hub for service industries such as IT and finance, with the new Dubai International Financial Centre (DIFC). Transport links are bolstered by its rapidly-expanding Emirates Airline, founded by the government in 1985. Based at Dubai International Airport, it carried over 12 million passengers in fiscal year 2005. Tourism is now an important part of the Dubai government’s strategy to maintain the flow of foreign dollars into the emirate.
Dubai has changed dramatically over the last three decades, becoming a major business centre with a more dynamic and diversified economy. Dubai enjoys a strategic location and serves as the biggest re-exporting centre in the Middle East
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