Dubai formed as country got separate its identity around in the year 1833. But it began to flourish its fortune in nearby year 1966 when the discovery of oil occurred and Dubai became the larger exporter of oil. In 1969 once its revenue earned from oil trade began to flow inward way it helped to boost Dubai's economy.
Later when UAE formed in 1971 abbreviated as United Arab Emirates was formed as country it becomes part of it as emirate in the year 1973.
It joined UAE along with Abu-Dhabi and other five emirates Ajman, Fujairah, Ras-al-Khaimah, Sharjah and Umm-al-Quwain.
To avoid confusion you can say Dubai as Emirate of UAE and outside world popularly call it as city/state.
Now Dubai is the biggest and most populated emiratestate but popular as city around (2.9* million) within United Arab Emirates (UAE). In UAE it is located on the coastal region of the Persian Gulf and is the trade capital of the Emirates of Dubai. It handles trade affairs especially for export.
Approximate past four decades oil trade proved to be boon to Dubai to speed their economy and hold a reputed name in the world market. Now its oil reserves are extinct and productions have gone to low. They have now turned up to new ventures which include aviation, tourism, financial services and real estate. After oil, tourism and real estate like property for sale in dubai is the focused economy which has gained popularity and has given Dubai property market new place in the world stand.
In the year 2012, Dubai named to be 22nd most costly city in the world and the most high-priced city in the Gulf Middle East. U.S. global consulting firm "Mercer" rated in the year 2013 Dubai the best place to stay in the Gulf Middle East. After Geneva, Dubai's hotel rooms were of high standard and treated as the second most high-cost in the world in the year 2014.
Dubai Economy Booster - Real Estate
Apart from that Dubai is beautiful emirate after forming it under the UAE. Dubai has recently attracted world attention in dubai real estate (New Projects in Dubai) and turned out to be global city through many enormous construction projects and innovative sports events. Dubai has now become one of the world icons forbuilding tall skyscrapers and high floor rise buildings, how can one forget especially the world famous constructed "Burj Khalifa" toweralso remembered as world's tallest building which rises 828 metres (2,717 ft) and contains 163 floors.
Followed by the second-tallest building in Dubai is the 426-metre (1,398 ft) called as Marina 101 then the third tallest building in Dubai is the 414-metre (1,358 ft) called as Princess Tower, which also stands as the world's tallest and Dubai's residential skyscraper.Dubai has set an example of building world class fully hi-tech ultra modern construction, giant shopping centers.
Dubai also has come up with lavish attractions, such as the indoor resort Ski Dubai with 22500 square meters area.It is managed and executedunder Majid-Al-Futtaim Leisure & Entertainment and it is a part of Mall of Emirates. It was opened in month November in the year 2005. The indoor resort featuring-with height of 85-metre-high indoor mountain along with 5 slopes of varying steepness and difficulty. It also includes a 400-metre-long run, the world's first indoor black diamond run, and various features (boxes, rails, kickers) that undergo a change on a regular basis. It also has houses the world's largest 3000 square-meter indoor snow park. Ski Dubai is offering huge indoor skiing facility at Mall of the Emirates, offering snowboarding, ski lessons, a children's play area with cafeteria.
In Dubai,by using land reclamation by Nakheel, the real estate developer called as Palm Islands there are three artificial islands being planned to be created(Palm Jumeirah, Palm Jebel Ali and Palm Deira[Deira Island]) which would have extended into the Persian Gulf, increasing Dubai's shoreline by a total of 520 KM.
Out of that Palm Jumeirah started constructing from 2001 and completed first in 2009. It is located on the Jumeirah coastal area of the emirate of Dubai, in the United Arab Emirates (UAE). It includes both expensive and largely detached properties as well as more modern town houses built in a variety of architectural styles.This island takes the form of a palm tree, topped by a crescent they take up a lot of space too.
This project was initially called as Palm Deira and was started in year back 2007. Within a year i.e. 2008 around 80% of Deira Island Front's reclamation were completed. Since then until 2013 project was kept on hold and again restarted in the year end of 2013 which was renamed to Deira Island by Nakheel. Deira Island will consist of about 1400 retailing selling units along with hotel and an amphi-theatre.
Palm Jebel Ali
The Palm Jebel Ali is an third artificial island of Dubai which started began to construct since October 2002. Once completed, The Palm Jebel Ali is expected to house more than 250,000 people. The project, which is 50 percent larger than the Palm Jumeirah, is proposed to include six marinas, four water theme park - The parks include SeaWorld, Aquatica, Busch Gardens and Discovery Cove will open on crescent, 'Sea Village', homes built on stilts above the water, and boardwalks that circle the "fronds" of the "palm".
Tourism in Dubai
Tourist places which attract tourist people in Dubai are exhibition, trade shows, parks, zoos, museums, recreational places, libraries, beaches, palaces, aquariums, hotels, lakes, creeks, fountains, exotic shopping malls and entertainment places. The Dubai Shopping Festival runs whole month long held in the month of January every year. During this shopping festival whole Dubai emirate becomes one massive shopping mall. Also this is festival of Dubai brings together music shows, art exhibitions, and folk dances. Dubai being duty free is also one major factor attracted by tourist people. Dubai is ranked third in the best taxi services behind Tokyo and Singapore.