DUBAI - THE INDUSTRIAL DEVELOPMENT CENTRE OF THE WORLD
If we go to a two decades back Dubai was just a small city and is one amongst the seven states of UAE. This is not the capital but can be called as the “Industrial Capital”. Today, Dubai has emerged as a cosmopolitan metropolis that has grown steadily to become a global city and a business and cultural hub of the Middle East and the Persian Gulf region. Although Dubai's economy was historically built on the oil industry, the emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become symbolic for its skyscrapers and high-rise buildings, such as the world's tallest “Burj Khalifa”, in addition to ambitious development projects including man-made islands, hotels, and some of the largest shopping malls in the region and the world. This increased attention has also highlighted labor and human rights issues concerning the city's largely South Asian paid workforce. Dubai's property market experienced a major deterioration in 2008–2009 as a result of the worldwide economic downturn following the financial crisis of 2007-2008. However, Dubai has made a steady and gradual recovery with help coming from neighbouring emirates. The handful of new projects that are in the pipeline have been able to help Dubai real estate make a comeback.
Man-Made Islands :
There are a few man-made islands built in this Emirate. They are the palm islands and also “THE WORLD MAP”. They are named as such because of their shape. The Palm Islands are built in the shape of a palm tree and whereas The World Map islands are built in such a way that when looked from above they look similar to the World Map. Many famous personalities such as Amitabh batchan, Tom Cruise etc have bought properties on these...
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