How Dubai became Dubai

By Neha Mehndiratta

The Evolution of Dubai

Dubai is a part of 7 emirates of United Arab Emirates(UAE) formed in 1971

Basic Information about Dubai

• Population- 2.2 million• Area 3900 sq mtrs• Official Language : Arabic• Major Religion : Islam• Main Exports : Crude oil, natural gas, dried fish and dates.• Currency : Arab Emirate (Dirham)

• Market Size : More than $17 billion domestic imports annuallyGateway to $150 billion regional import.

• Stock Exchange: NASDAQ Dubai

80% of Dubai population consist of foreigners• 43% Indians• 17% Imarati• 13.3% Pakistani• 7.5% Bangladeshi• 9.1% Arab• 10.8% Others

Indians43%

Imarati17%

Pakistani13%

Bangldeshi7%

Arab9%

Others11%

Population

Discovery of Oil in Dubai

• Fishing and pearl-diving supported the region for many centuries.

• Oil was eventually discovered in Dubai in 1966.

• But in small quantities compared to neighbouring states.

• In 1969, Dubai exported oil for the first time.

• It is estimated that Dubai produces 50,000 to 70,000 barrels (11,000 m3) of oil per day

Depletion of Oil Reserves

• Dubai’s oil reserves have diminished significantly and are expected to be exhausted in 20 years.• Revenue from petroleum and

natural gas currently account for less than 4% of the emirates GDP.

Dubai in 1990

Shifted Interest to overall development

• The secret to Dubai success is doing the best with what you have.

• Governments decision to diversify from a trade- based, oil-reliant economy to one that is service and tourism-oriented made property more valuable, resulting in the property appreciation.

• Dubai’s interest then shifted to trade, then to manufacturing, then to development of tourism.

Dubai in 2005

Dubai Now

Rapid development in tourism sectorMasterplan for attracting the world

Crazy Megastructures

• Burj khalifa• Burj-Al-Arab• Palm Islands • Dubai mall• Rotating Skyscrapers • Dubai Land

Currently 15-25% of world’s cranes are operating in Dubai

Burj Khalifa

Tallest manmade structure in the world (829.8mt)

Construction began on 21 Sep2004 and completed on 1Oct2009

Total cost-1.5 billion USD.

Burj-Al-Arab

Resembles the shape of a Sail.Stands on an Artificial island.Fourth Tallest Hotel in the world.Worlds only seven star Hotel.Construction began in 1994 and completed in 1999.Total Cost-650 million USD.

Palm Islands

Palm Jumeriah,Palm Jebel Ali,Palm DieraResembles the shape of Palm treeComprises of 100 luxury hotels, beach

World Islands Dubai

Dubai Mall

World’s largest shopping mall based on total area.Part of Burj khalifa complex.Attracts more than7,50,000 visitors every week.Holds the Title of World’s Most Visited Shopping Mall.

Rotating Sky scrappers

• 80 apartments that spins full 360 degree around a central column by means of 79 power generating wind turbines located between each floor

• Takes 1 to 3 hours to make a complete rotation.

Dubai Land

• Twice the size of Walt Disney World Resort.

• Expected to attract 2,00,000 visitors daily

Dubai is a no Tax zone

• They believe that the unearned income is not good to take.• Individuals need not pay Income tax, Sales tax.• However taxes are imposed on imports, hotels,

entertainment services.• High taxes on alcohol and other related products.• Jebel Ali Free Zone.

Dark Side of Dubai

• Corruption and fraud at dubai’s state linked companies is very high.• No standard address system making mail-to- the-door

impossible.• High rates of school dropouts.• High costs of Dowry.• Extreme hot climate.

Future of Dubai

In 38 years, Dubai has grown from a rather barren desert into a modern metropolis

International overnight tourist 2015 – 14.2 million

Future mega Projects

• Dubai Snowdome• Dubai Waterfront• Dubai land• Dubai World Centre• Hydro polis• Dubai International Airport

Al Maktoum International Airport

Hydropolis Underwater hotel

Dancing Towers

Arabian Blade

Some Interesting Facts

• As of 2015, Dubai was the 7th most visited city of the world, with 14.2 million visitors a year.

• Dubai is the most populous emirate of the seven emirates of United Arab Emirates.

• Dubai is also known as City of Gold, a major part of economy based on Gold trades in Dubai.

• Dubai has been called the "shopping capital of the Middle East" Dubai alone has more than 70 shopping malls.

• India is the Largest Trade partner of Dubai.• Famous celebrities like David Becham, Brad pitt, Shahrukh Khan

are believed to have owned villas in palm islands.

GDP by Sector