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The evolution of DUBAI
Dubai has transformed from a small fishing village to a global economic hub in just a few decades. Through strategic investments in tourism and infrastructure like the Burj Khalifa and Palm Islands, Dubai diversified away from a oil-based economy. Today Dubai attracts millions of visitors annually and has the most visited shopping malls globally. However, Dubai's oil reserves are dwindling and future projects like DubaiLand aim to sustain growth through tourism and real estate. Dubai's rapid rise from the desert shows how visionary investments can reshape a region.
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The evolution of DUBAI
- 1. THE EVOLUTION OFDUBAI
- 2. Dubai is apart of 7 emirates of United Arab Emirates(UAE) formed in 1971.
- 3. Basic Info aboutDubai • Population : 2.2 million • Government Type: Constitutional Monarcy • Area : 3,900sq mt • Legal System : Federal court • Official Language : Arabic system • Major Religion : Islam • Main Exports : Crude oil, natural gas, dried fish and dates. • Currency : Arab Emirate • Market Size : More than $17 Dirham. billion domestic imports annually; (1USD=3.67dh) gateway to $150 billion regional import. • Stock Exchange: NASDAQ Dubai
- 4. 80% of Dubai’spopulation consists of Foreigners • 42.3% -Indians • 17% -Emirati • 13.3% -Pakistani • 7.5% -Bangladeshi • 9.1% -Arab • 10.8% -Others
- 5. History Of Dubai •In 1095, the Andalusian-Arab • In 1580, Gaspero Balbi, a geographer Abu Abdullah al-Bakri Venetian pearl merchant, visited mentioned Dubai in the “Book of the area in 1580 and mentioned Geography”. Dubai for its pearling industry. • Al Fahidi Fort was built in 1787 • Dubai was already making use of and is the oldest building in its natural harbour and a small Dubai. established fishing village existed. • In 1820, the General Treaty of • The Japanese invention of the Peace was signed between British cultured pearl and the economic Government and sheikhs of depression of the late 1920s and Sharjah, Dubai and Abu Dhabi. early 1930s destroyed the natural pearl market.
- 6. Discovery of Oilin 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 neighbouing 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 ,a day.
- 7. Depletion of Oilreserves • 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 6% of the emirate's GDP.
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- 9. Shifted their interestto overall Development • The secret to Dubai success is doing the best with what you have . • Government's 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.
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- 12. Rapid Development in Tourism Sector. Masterplan for attracting the world.
- 13. Crazy Megastructures • Burjkhalifa • Burj-Al-Arab • Palm Islands • Dubai mall • Rotating Scysrapers • DubaiLand
- 14. Currently 15-25% ofworld’s cranes are operating in Dubai.
- 15. Burj Khalifa •Tallest manmade structurein the world(829.8mt). •Construction began on 21 sep2004 and completed on 1 oct2009. •Total cost- 1.5billion USD.
- 17. Burj-Al-Arab •Resembles the shapeof 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 millionUSD.
- 18. Palm Islands •Palm Jumeriah,Palm JebelAli,Palm Diera. •Resembles the shape of Palm tree. •Comprises of 100 luxury hotels, beach side villas,apartments,resta urents,shopping malls,sports facilities.
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- 21. Dubai Mall •World’s largest shoppingmall based on total area. •Part of Burj khalifa complex. •Attracts more than 7,50,000 visitors every week. •Holds the Title of World’s Most Visited Shopping Mall.
- 22. Rotating Scyscraper •Features 80apartments that spins full 360 deg 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.
- 23. DubaiLand •Twice the size ofWalt Disney World Resort. •Expected to attract 2,00,000 visitors daily.
- 24. Dubai Is aNo 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.
- 25. Dark Side ofDubai • 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.
- 27. Future of Dubai •In just 38 years, Dubai has • Future Mega projects: Dubai sportscity grown from a rather barren desert into a modern Dubai snowdome metropolis. Dubai waterfront Dubai land • “Strategic Plan 2015” unveiled by Sheikh Dubai Metro Mohammed Bin Rashid Al Dubai World Central Maktoum. Hydropolis Dubai International Airport. • Dubai is expected to accommodate over 15 million tourists by 2015.
- 28. Al Maktoum InternationalAirport
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- 33. Some Interesting Facts •As of 2010, Dubai was the 7th most visited city of the world, with 7.6 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.
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