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Dubai-UAE

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Dubai (English pronunciation: /duːˈbaɪ/ doo-BYE; Arabic: دبيّ‎, dubayy) is one of the seven emirates of the United Arab Emirates (UAE). It 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.

The earliest recorded mention of Dubai is in 1095, and the earliest settlement known as Dubai town dates from 1799. Dubai was formally established in the early 19th century by the Al Abu Falasa clan of Bani Yas, and 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, the year 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 labour 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 has emerged as a global city and a business hub.Although Dubai's economy was built on the oil industry, currently the emirate's model of business, similar to that of Western countries, drives its economy, with the effect that its main revenues are now from tourism, real estate, and financial services. 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.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.

Climate of Dubai

Dubai has a hot arid climate. Summers in Dubai are extremely hot, windy and dry, with an average high around 40 °C (104 °F) and overnight lows around 30 °C (86 °F). Most days are sunny throughout the year. Winters are cool and short with an average high of 23 °C (73 °F) and overnight lows of 14 °C (57 °F). Precipitation, however, has been increasing in the last few decades with accumulated rain reaching 150 mm (5.91 in) per year.

Tourism and retail

Dubai Mall is one of the largest malls in the world.
Tourism is an important part of the Dubai government's strategy to maintain the flow of foreign cash into the emirate. Dubai's lure for tourists is based mainly on shopping, but also on its possession of other ancient and modern attractions. As of 2007, Dubai was the 8th most visited city of the world.Dubai is expected to accommodate over 15 million tourists by 2015. Dubai is the most populous emirate of the seven emirates of United Arab Emirates. It is distinct from other members of the UAE in that a large part of the emirate's revenues are from tourism.
Dubai has been called the "shopping capital of the Middle East".Dubai alone has more than 70 shopping malls, including the world's 7th largest shopping mall, Dubai Mall. The city draws large numbers of shopping tourists from countries within the region and from as far as Eastern Europe, Africa and the Indian Subcontinent. While boutiques, some electronics shops, department stores and supermarkets operate on a fixed-price basis, most other outlets consider friendly negotiation a way of life.
Dubai is also known for its souk districts located on either side of the creek. Traditionally, dhows from the Far East, China, Sri Lanka, and India would discharge their cargo and the goods would be bargained over in the souks adjacent to the docks. Many boutiques and jewellery stores are also found in the city. Dubai is known as "the City of Gold" and Gold Souk in Deira houses nearly 250 gold retail shops.Dubai Duty Free at the Dubai International Airport offers merchandise catering to the multinational passengers using the airport.

 

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