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Home / Features / Dubai: Then and Now

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Dubai: Then and Now

On 2nd December 1971 Dubai, together with Abu Dhabi and five other emirates, formed the United Arab Emirates after former protector Britain left the Persian Gulf in 1971. In 1973, Dubai joined the other emirates to adopt a single, uniform currency: the UAE Dirham. In the 1970s, Dubai continued to grow from revenues generated from oil and trade even as the city saw an influx of Lebanese immigrants fleeing the civil war in Lebanon. The Jebel Ali Free Zone, comprising the Jebel Ali port (reputedly the world’s largest man made port) was established in 1979, which provided foreign companies unrestricted import of labor and export capital. Dubai is considered to be an enviable real estate place in the world. Dubai is the fastest growing city in the world. Dubai is rated as a very safe place to reside. Dubai is actually very strategically located and is not too far from Europe, Asia or Africa. Dubai is earning the title as a tourists’ city of the world. This is evident in the numbers itself. The number of visitors to Dubai has grown from 1.8 million to 5.4 million in the past decade. Dubai is a place where the East meets West. Dubai is cultivating the perfect marriage of its own traditional approach fused with western capitalistic interests and thus making Dubai a great economic force. • Dubai is most definitely a home to many firsts: • It has one of the biggest airports in the world • The largest man made port in the world is in Dubai • The largest mall in the world is situated here • The only 7 star hotel in the world is located in Dubai • The largest theme parks in the world and is estimated to be bigger than Disney parks in Florida. • The largest skyscraper in the world • Palm Jumeirah the first man made palmshaped island Dubai is a tax free haven. Expats who come here on a job have discovered that there is something for everybody in this beautiful city. The city has many dining spots serving different cuisines, cafes, theaters, multiplexes, pubs, clubs, malls etc. Also there are a myriad of entertainment options to choose from. The education system is good and systematic. The job and business opportunities are ever increasing in Dubai. The real estate scene is also growing tremendously. Dubai’s great big success story as a world leader in enterprise and modernization has earned the city international level rave reviews and this has established Dubai as a leading commercial, trading, housing and tourists’ hub. Dubai is a dynamic, business-friendly city with an outstanding track record which is evident in the different projects undertaken. And all this is due to its great visionary leaders.

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