The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East, with a gross domestic product (GDP) of US$498 billion in 2023.
Dubai is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the country's seven emirates.
The Palm Islands consist of three artificial islands: Palm Jumeirah, Deira Islands, and Palm Jebel Ali, on the coast of Dubai, United Arab Emirates. The Palm Islands were constructed around the same time as The World Islands. Nakheel Properties is the real estate developer of the Palm Islands. The creation of the islands began in 2001 and ended around 2006/2007. These islands have significantly impacted ocean sediment and wildlife in the surrounding area.
Dubai Marina, aka Marsa Dubai, is a district in Dubai, United Arab Emirates. It is an artificial canal city built along a 3-kilometre (2 mi) stretch of the Persian Gulf shoreline. As of 2018, it has a population of 55,052. When the entire development is complete, it will accommodate more than 120,000 people in residential towers and villas. It is located on Interchange 5 between Jebel Ali Port and the area which hosts Dubai Internet City, Dubai Media City, and the American University in Dubai. The first phase of this project has been completed. Dubai Marina was inspired by the Concord Pacific Place development along False Creek in Vancouver, BC, Canada.
A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is a prominent purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region’s growth story with an estimated total economic output of AED 200 Billion, attracting over 30 million business visitors to Dubai over the past four decades.
The Palm Jumeirah is an archipelago of artificial islands on the Persian Gulf in Jumeirah, Dubai, United Arab Emirates. It is part of a larger series of developments called the Palm Islands, including Palm Jebel Ali and Palm Deira, which, if completed, will together increase Dubai's shoreline by a total of 520 kilometres (320 mi). It has an estimated population of at least 10,000 as of 2017.
Dubai Holding is Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum's personal investment portfolio, which owns 99.67% of the capital.
Dubai is one of the world's leading tourism destinations, and tourism in Dubai is a major source of revenue. The city hosted 14.9 million overnight visitors in 2016. In 2018, Dubai was the fourth most-visited city in the world based on the number of international visitors.
A hotel tax or lodging tax is charged in most of the United States, to travelers when they rent accommodations in a hotel, inn, tourist home or house, motel, or other lodging, generally unless the stay is for a period of 30 days or more. In addition to sales tax, it is collected when payment is made for the accommodation, and it is then remitted by the lodging operator to the city or county. It can also be called hotel occupancy tax in places like New York City and Texas. Despite its name, it generally applies to the same range of accommodations.
Jumeirah Beach Hotel is a luxury hotel in Dubai, United Arab Emirates. The hotel, which opened in 1997, is operated by the Dubai-based hotelier Jumeirah. The hotel contains 598 rooms and suites, 19 beachfront villas, and 20 restaurants and bars. This wave-shaped hotel complements the sail-shaped Burj Al Arab, which is adjacent to the Jumeirah Beach Hotel.
The economy of Dubai represents a per capita gross domestic product as of 2022 of US$46,665. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, announced that the UAE's non-oil trade over 10 years totalled Dhs16.14 trillion. The UAE GDP jumping from $407 billion in 2021 to $440 billion in 2022 and $467 billion in 2023. Similarly, per capita GDP will also expand from $43,868 in 2021 to $46,665 in 2022 and $48,822 in 2023.
The government of Dubai took a decision to diversify from a trade-based, oil-reliant economy to one that is service and tourism-oriented. This has made real estate and other developments more valuable, thus resulting in a property boom from 2004 to 2006. Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or are to be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction cranes, which are 25% of cranes worldwide, are operating in Dubai. Due to the burst of construction, Dubai has acquired various building-related records, which include: the world's tallest tower, the world's largest shopping mall, the world's largest fountain and the world's tallest hotel. Also under construction is Dubailand, which will be almost twice the size of the Walt Disney World Resort.
There are many tourist attractions in Dubai, resulting from the large scale construction boom. Dubai received 14 million tourists from all around the world in 2015. Euromonitor ranked the world's 150 most visited cities by international tourists in 2009; Dubai ranked 7th. Dubai welcomed 14.36M visitors in 2022. Dubai's economy relies on many sections of the "state", one of the most important being tourism, in 2014 total 70,475,636 passengers traveled through Dubai Airport. To maintain this important position in the tourism industry they are known to create big and impressive tourist attractions.
Visitors to the United Arab Emirates must obtain a visa prior to travel, unless they come from one of the visa-exempt countries or one of the countries whose citizens are eligible for visa on arrival.
Kabir Mulchandani is an Indian-born, Dubai-based real estate and hospitality businessman and philanthropist. He is the founder and Chairman of FIVE Holdings, which includes FIVE Hotels and Resorts; FIVE Palm Jumeirah, FIVE Jumeirah Village, FIVE Zurich and FIVE LUXE, JBR. He is ranked as one of the Richest and Most Powerful Indians in the Persian Gulf region. He is ranked number 24 on the Top 100 Travel and Tourism leaders of 2023 by Forbes Middle East.
Tamani Hotel Marina is a 55-story hotel in Dubai, United Arab Emirates.
The following outline is provided as an overview of and topical guide to Dubai.
The COVID-19 pandemic has impacted the tourism industry due to the resulting travel restrictions as well as slump in demand among travelers. The tourism industry has been massively affected by the spread of coronavirus, as many countries have introduced travel restrictions in an attempt to contain its spread. The United Nations World Tourism Organization estimated that global international tourist arrivals could have decreased by 58% to 78% in 2020, leading to a potential loss of US $0.9–1.2 trillion in international tourism receipts.
Tourism in the United Arab Emirates is an important component of the Emirati economy, and consists of domestic and international components. In 2018, tourist industry composed over 164.7 billion dirham to country's GDP.
