What is the role of oil in Dubai's economy?
Interestingly, despite popular belief, oil only accounts for a small portion of Dubai’s economy – around 1%. The main industries are trade, real estate, tourism, and financial services. In the 1960s, the discovery of oilfields spurred the development of infrastructure, but Dubai’s rulers wisely invested in diversifying the economy. Today, the city is a major transportation hub, with one of the busiest airports in the world and the largest port in the region. I was impressed by how rapidly Dubai transformed from a small trading port into a global city.
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Dubai actively attracts foreign investment and creates a favorable business environment. In free economic zones, such as Jebel Ali and the Dubai International Financial Centre, foreign companies can own 100% of shares, benefit from tax incentives, and enjoy simplified registration procedures. I met entrepreneurs from different countries who highlighted the government support and developed infrastructure. Initiatives aimed at developing technology and innovation make Dubai an attractive place for startups and investors.
Go to question pageBeyond Dubai's urban skyscrapers, stunning natural landscapes await. The desert is the heart of the emirate. I embarked on a desert safari and was captivated by the endless dunes, changing color in the setting sun. At night, the star-studded sky creates a sense of infinity. The Ras Al Khor Wildlife Sanctuary is a unique place where you can observe pink flamingos and other migratory birds in their natural habitat. Mountain enthusiasts can venture to the neighboring emirate of Hatta, home to Hatta Dam and Hatta Rock Pools – ideal spots for hiking, kayaking, and picnicking. I enjoyed the tranquility and coolness of the mountain air, a welcome contrast to the city's hustle and bustle.
Go to question pageThe Dubai Shopping Festival (DSF) is an annual event held in January and February. During the festival, large discounts are offered in shopping malls and shops in Dubai, various promotions, sweepstakes and entertainment events are held.
Go to question pageDubai aspires to be the most technologically advanced city in the world. Smart Dubai is an initiative aimed at integrating innovations into everyday life. I experienced this firsthand when I used the driverless metro and paid for my journey with a single Nol Card, which also works on buses and trams. The Museum of the Future, which opened in 2022, showcases the latest advancements in artificial intelligence, robotics, and space technology. The city is also actively implementing blockchain in government services and plans to shift all transactions into a digital format. Walking through the Dubai International Financial Centre, I felt the pulse of innovation and ambition.
Go to question pageAlcohol is available in Dubai, but its consumption is strictly regulated. Beverages can be purchased at licensed restaurants, bars, and nightclubs, usually located in hotels. I enjoyed a cocktail on the terrace of Barasti Beach Bar, where the music and sea views created a special atmosphere. However, drinking alcohol in public places outside designated areas is prohibited. Appearing intoxicated in public can lead to serious consequences. For residents, there is a licensing system for purchasing alcohol at specialized stores. It is important to respect local laws and customs to ensure a safe and enjoyable stay.
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Go to question pageThe best places for night yachting in Dubai include: - Dubai Marina: A night walk along the marina with a view of the illuminated skyscrapers.
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Go to question pageIf you think shopping malls are just places to shop, Dubai is ready to change your mind. Dubai Mall is not just shopping, it's a whole world under the roof. Imagine a place where you can start the day by watching underwater wonders in a huge aquarium, then go ice skating on an ice rink in the middle of the desert, and in the evening watch a movie in a luxury cinema. I remember getting lost among more than a thousand shops, unexpectedly coming across a waterfall with figures of drivers, as if floating in the air. The Mall of the Emirates offers an even more surreal experience: inside it is Ski Dubai, a real ski resort with penguins and snow slides. Going down on skis, knowing that the scorching sun and sand are outside the walls, is an indescribable feeling.
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