| About Dubai |
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| Dubai (Arabic: دبيّ Dubeii; IPA: [du'beii]; English pronunciation: /duːˈbaɪ/ doo-BY) is an emirate in the United Arab Emirates (UAE). A city within the emirate is also named Dubai. The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi. Dubai and Abu Dhabi are the only two emirates to have veto power over critical matters of national importance in the country's legislature. Dubai City is located on the emirate's northern coastline.
The earliest mention of Dubai is in 1095, and the earliest settlement known as Dubai town dates from 1799. Dubai was formally established in 1833 by Sheikh Maktoum bin Buti al Maktoum when he persuaded 800 members of the Bani Yas tribe, living in what is now part of Saudi Arabia, to follow him to the Dubai Creek by the Al Abu Falasa clan of Bani Yas. It remained under clan control when the United Kingdom assumed the protection of Dubai in 1892. Its geographical location made it an important trading hub and by the beginning of the 20th century, it was an important port.
In 1966, oil was discovered, Dubai and the emirate of Qatar set up a new monetary unit to replace the Gulf Rupee. The oil economy led to a massive influx of foreign workers, quickly expanding the city by 300% and bringing in international oil interests. The modern emirate of Dubai was created after the UK left the area in 1971. At this time Dubai, together with Abu Dhabi and four other emirates, formed the United Arab Emirates. The following year Ras al Khaimah joined the federation while Qatar and Bahrain chose to remain independent nations. In 1973, the monetary union with Qatar was dissolved and the UAE Dirham introduced throughout the UAE. A free trade zone was built around the Jebel Ali port in 1979, allowing foreign companies unrestricted import of labor and export capital. The Gulf War of 1990 had a negative financial effect on the city, as depositors withdrew their money and traders withdrew their trade, but subsequently the city recovered in a changing political climate and thrived.
Today, Dubai City has emerged as a global city and a business hub. Although Dubai's economy was built on the oil industry, the emirate's model of business drives its economy, with the effect that its main revenues are now from tourism, real estate, and financial services, similar to that of Western countries. Dubai has recently attracted world attention through many innovative large construction projects and sports events. This increased attention has highlighted labour rights and human rights issues concerning its largely South Asian workforce. Almost half the population of Dubai comprises Indians. Dubai's property market experienced a major deterioration in 2008 and 2009 as a result of the worldwide economic downturn following the financial crisis of 2007–2010. |
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Economic Development
Although stone tools have been found at many sites, little is known about UAE's early inhabitants as only a few settlements have been found. Many ancient towns in the area were trading centers between the Eastern and Western worlds. The remnants of an ancient mangrove swamp, dated at 7,000 BC, were discovered during the construction of sewer lines near Dubai Internet City. The area was covered with sand about 5,000 years ago as the coast retreated inland, becoming a part of the city's present coastline. Pre Islamic ceramics have been found from the 3rd and 4th century. Prior to Islam, the people in this region worshiped Bajir (or Bajar). The Byzantine and Sassanian (Persian) empires constituted the great powers of the period, with the Sassanians controlling much of the region. After the spread of Islam in the area, the Umayyad Caliph, of the eastern Islamic world, invaded south-east Arabia and drove out the Sassanians. Excavations by the Dubai Museum in the region of Al-Jumayra (Jumeirah) found several artifacts from the Umayyad period. The earliest recorded mention of Dubai is in 1095, in the "Book of Geography" by the Andalusian-Arab geographer Abu Abdullah al-Bakri. The Venetian pearl merchant Gaspero Balbi visited the area in 1580 and mentioned Dubai (Dibei) for its pearling industry. Since 1799, there has been a settlement known as Dubai town.[18] In the early 19th century, the Al Abu Falasa clan (House of Al-Falasi) of Bani Yas clan established Dubai, which remained a dependent of Abu Dhabi until 1833.[19] On 8 January 1820, the sheikh of Dubai and other sheikhs in the region signed the "General Maritime Peace Treaty" with the British government. In 1833, following tribal feuding, the Al Maktoum dynasty (also descendants of the House of Al-Falasi) of the Bani Yas tribe left their ancestral home of the Liwa Oasis, South-west of the settlement of Abu Dhabi and quickly took over Dubai from the Abu Fasala clan without resistance. Dubai came under the protection of the United Kingdom by the "Exclusive Agreement" of 1892, in which the UK agreed to protect Dubai against the Ottoman Empire. Two catastrophes struck the town during the 1800s. First, in 1841, a smallpox epidemic broke out in the Bur Dubai locality, forcing residents to relocate east to Deira. Then, in 1894, fire swept through Deira, burning down most homes. However, the town's geographical location continued to attract traders and merchants from around the region. The emir of Dubai was keen to attract foreign traders and lowered trade tax brackets, which lured traders away from Sharjah and Bandar Lengeh, the region's main trade hubs at the time. Persian merchants naturally looked across to the Arab shore of the Persian Gulf finally making their homes in Dubai. They continued to trade with Lingah, however, as do many of the dhows in Dubai Creek today, and they named their district Bastakiya, after the Bastak region in southern Persia. |
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True Picture of Dubai
Dubai's gross domestic product as of 2008 was US $82.11 billion.[74] Although Dubai's economy was built on the back of the oil industry,[75] revenues from oil and natural gas currently account for less than 6% of the emirate's revenues.[8] It is estimated that Dubai produces 50,000 to 70,000 barrels (11,000 m3) of oil a day[76] and substantial quantities of gas from offshore fields. The emirate's share in UAE's gas revenues is about 2%. Dubai's oil reserves have diminished significantly and are expected to be exhausted in 20 years.[77] Real estate and construction (22.6%),[10] trade (16%), entrepôt (15%) and financial services (11%) are the largest contributors to Dubai's economy.[78] Dubai's top exporting destinations include India (US$ 5.8 billion), Switzerland (US$ 2.37 billion) and Saudi Arabia (US$ 0.57 billion). Dubai's top re-exporting destinations include India (US$ 6.53 billion), Iran (US$ 5.8 billion) and Iraq (US$ 2.8 billion). The emirate's top import sources are India (US$ 12.55 billion), China (US$ 11.52 billion) and the United States (US$ 7.57 billion). As of 2009 India was Dubai's largest trade partner.[79]
Historically, Dubai and its twin across the Dubai creek, Deira (independent of Dubai City at that time), were important ports of call for Western manufacturers. Most of the new city's banking and financial centres were headquartered in the port area. Dubai maintained its importance as a trade route through the 1970s and 1980s. Dubai has a free trade in gold and, until the 1990s, was the hub of a "brisk smuggling trade"[18] of gold ingots to India, where gold import was restricted. Dubai's Jebel Ali port, constructed in the 1970s, has the largest man-made harbour in the world and was ranked seventh globally for the volume of container traffic it supports.[80] Dubai is also a hub for service industries such as information technology and finance, with industry-specific free zones throughout the city. Dubai Internet City, combined with Dubai Media City as part of TECOM (Dubai Technology, Electronic Commerce and Media Free Zone Authority) is one such enclave whose members include IT firms such as EMC Corporation, Oracle Corporation, Microsoft, and IBM, and media organisations such as MBC, CNN, BBC, Reuters, Sky News and AP. |
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Geography
Dubai is situated on the Persian Gulf coast of the United Arab Emirates and is roughly at sea level (16 m/52 ft above). The emirate of Dubai shares borders with Abu Dhabi in the south, Sharjah in the northeast, and the Sultanate of Oman in the southeast. Hatta, a minor exclave of the emirate, is surrounded on three sides by Oman and by the emirates of Ajman (in the west) and Ras Al Khaimah (in the north). The Persian Gulf borders the western coast of the emirate. Dubai is positioned at 25.2697°N 55.3095°E and covers an area of 1,588 sq mi (4,110 km2), which represents a significant expansion beyond its initial 1,500 sq mi (3,900 km2) designation due to land reclamation from the sea.
Dubai lies directly within the Arabian Desert. However, the topography of Dubai is significantly different from that of the southern portion of the UAE in that much of Dubai's landscape is highlighted by sandy desert patterns, while gravel deserts dominate much of the southern region of the country. The sand consists mostly of crushed shell and coral and is fine, clean and white. East of the city, the salt-crusted coastal plains, known as sabkha, give way to a north-south running line of dunes. Farther east, the dunes grow larger and are tinged red with iron oxide. |
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