Emirate of Dubai
The Emirate of Dubai is the second largest emirate in the United Arab Emirates after the Emirate of Abu Dhabi, the capital of the Union, which is equivalent to about five percent of the total area of the UAE. There are other cities in the Emirate of Dubai such as Jebel Ali, Hatta, Al Aweer, Al Hamar, with a population of more than 2.5 million, occupies the first position in terms of population in the UAE. Dubai is bordered by Abu Dhabi to the west and Sharjah to the east.
Economy of the Emirate of Dubai
As for the economy, Dubai is the economic capital of the United Arab Emirates. It has witnessed tremendous economic growth and development in recent years. It has attracted investors from all over the world by not imposing a strong tax system, providing large facilities for investors, relying on the free and financial economy, Capital, and it is characterized by the rest of the Gulf countries in general that the entry of the basic is not of oil and its derivatives and the resulting revenues, where the economy depends on Dubai on the real estate market, financial services and tourism enterprises, which attract large numbers of Tourists from all over the world each year. Oil and gas production accounts for no more than ten per cent of the emirate's total economy. The emirate's economic and urban renaissance has brought international fame to the world's most prestigious cities.
In 2000, Dubai suffered the effects of the global economic crisis. It stopped work on many projects and laid off jobs. It suffered a severe economic recession in various sectors, which led to a decline in real estate prices. However, three years later, Dubai exceeded all economic expectations and registered growth in Making it a source of greater investor confidence from all over the world.
The number of Arab tourists visiting Dubai each year is almost three million, of which one and a half million are from the Arabian Gulf countries. The number of tourists from Asian countries is 2 million, and from Europe 2 million. North Asia, North and South America, and Central Pacific.