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Information ~ Location Guides for Dubai
A brief guide to Dubai
- About
Dubai
Dubai
refers to either:
one of the seven emirates that make up the United Arab Emirates on the Persian
Gulf, or that emirate's main city, sometimes called "Dubai City" to distinguish it from the emirate.
Dubai is the most populous and second largest emirate of the United Arab Emirates after Abu Dhabi. Dubai is distinct from other members of the UAE in that revenues from oil account for only 6% of its gross domestic product. A majority of the emirate's revenues are from the Jebel Ali Free Zone (JAFZ)[2] and increasingly from tourism.
With enormous construction and development in various industries, Dubai has attracted world attention through innovative real estate projects, sports events, conferences and Guinness records. However, this increased attention, coinciding with its emergence as a world business hub have also highlighted potential human rights quagmires concerning its largely immigrant workforce.
Real Estate and Property
The government's decision to diversify from a trade-based but oil-reliant economy to one that is service- and tourism-oriented has made real estate more valuable, resulting in the property boom from 2004-2006. Construction on a large scale has turned Dubai into one of the fastest growing cities in the world, equalled only by the large Chinese cities. The property boom is largely driven by mega-projects, whether off-shore such as The Palm and The World or inland such as Dubai Marina, the Burj Dubai Complex, Business Bay and Dubailand.
The aspirations of the ruling sheikh are reflected by the ultra-modern architecture
of the city; home to iconic skyscrapers such as Emirates Towers, which are the
12th and 24th tallest buildings in the world, and the Burj al-Arab located
on its very own island in the Persian Gulf and currently the tallest hotel in
the world.
Emaar Properties is currently constructing what will become the world's tallest structure, the Burj Dubai. The final height of the skyscraper is a closely guarded secret - an indication of the developer's resolve to attain the title of the world's tallest building and its intention to hold on to it for as long as possible - but estimates so far point to a height upwards of 810m. Burj Dubai is expected to be completed in 2008. Burj Dubai's neighbour is another behemoth under construction: the world's largest shopping mall - the Dubai Mall.
Also under construction is what is planned to become Dubai's new Central Business District, named Business Bay. The project, when completed, will feature a phenomenal 500 skyscrapers built around an artificial extension of the existing Dubai Creek.
In February 2005, the construction of Dubai Waterfront was announced,it will be 21 times the size of Washington D.C., roughly seven times the size of the island of Manhattan. Dubai Waterfront will be a mix of canals and islands full of hotels and residential areas that will add 800 km (500 miles) of man-made waterfront. It will also contain Al Burj, another one of the tallest buildings in the world.
Dubai has also launched Dubiotech. This is a new park to be targeted at Biotech companies working in pharma, medical fields, genetic research and even biodefense. The aim of this park is to foster the growth of this sector in Dubai and to utilize the region's talent in addressing this rapidly growing sector.
The International Media Production Zone is a project targeted at creating a hub for printers, publishers, media production companies, and related industry segments. Launched in 2003, the project is scheduled to be completed in 2006.
A new project was announced on May 1, 2006 by the authorities. It is named Bawadi and will consist of a 27 billion US-dollar investment intended to increase Dubai's number of hotel rooms by 29,000, doubling it from the current figure offers now. The largest complex will be called Asia, Asia and will be the largest hotel in the world with more than 6,500 rooms.
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Articles used from Wikipedia - About Dubai
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