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 Marina is one of the most prestigious and modern areas of the city, located along an artificial canal. It is known for its high-rise buildings, luxury hotels, restaurants, shopping malls and beaches. Famous places such as Marina Walk, Dubai Marina Mall and many elite residential complexes are located here.
Go to question page• Hidden charges: Review the rental agreement and make sure that you understand all the services included and not included in the price. Ask if you need to pay extra for fuel, captain's services, cleaning, insurance, etc. • Yacht condition: Before signing the contract, carefully inspect the yacht and make sure that it is in good condition. Fix all existing damages to avoid future claims. • License/rights: if you plan to operate the yacht yourself, make sure that you have a license to operate the vessel recognized in the UAE. Otherwise, you will need to rent a yacht with a captain. • Insurance: make sure that the yacht is insured and that the insurance covers all possible risks (damage to the yacht, liability to third parties, etc.). • Rules and restrictions: read the rules and restrictions in force in the waters of Dubai (for example, a ban on swimming in certain places, speed limits, etc.). • Captain and crew: If you rent a yacht with a captain and crew, make sure they have the necessary qualifications and work experience. • Reviews: Before booking, read reviews about the yacht rental company. • Contract: Read the contract carefully, paying attention to the rights and obligations of the parties, cancellation conditions and dispute resolution. How to avoid problems: • Choose a yacht rental company carefully. • Ask all your questions before signing the contract. • Read the contract carefully and make sure that you understand all the terms. • Follow the safety rules on the water.
Go to question pageThe banking system of Dubai is one of the most developed in the region. It includes both local banks, such as Emirates NBD, and international financial institutions. Opening a bank account can be done quickly, especially if you have a residency permit. I have noticed the high level of service and modern online services that make financial management convenient. Banks offer a wide range of services, from traditional deposits to investment products and Islamic banking. ATMs and payment terminals are available everywhere, making financial transactions easier for tourists and residents.
Go to question pageCurrency can be exchanged at banks, exchange offices and hotels. Exchange offices often offer more favorable rates and are located in shopping malls and tourist areas.
Go to question pageWhen you first see the glittering skyscrapers of Dubai, it's hard to imagine that less than a century ago there were only sand dunes and fishing boats bobbing on the waves of the Persian Gulf. The history of Dubai begins at the beginning of the XVIII century, when the Bani Yas clan founded a small settlement near the Dubai Creek. This narrow bay has become a vital artery for trade and fishing. In 1833, the Al Maktoum clan peacefully seized power, and since then Dubai has been ruled by this dynasty. But the real turning point came in the middle of the 20th century with the discovery of oil. Instead of relying solely on oil revenues, wise rulers invested in infrastructure, trade and tourism, turning Dubai into a global hub in a few decades.
Go to question pageSome basic rules of international yachting include: International Rules for the Prevention of Collisions at Sea (COLREGs): Regulate the behavior of ships to prevent collisions. Yacht registration: Mandatory yacht registration in the flag country. Border and Customs regulations: Compliance with border crossing rules and customs procedures in different countries. Environmental standards: Compliance with international standards for waste disposal and protection of the marine environment. Licenses and certificates: Availability of necessary licenses and certificates for yacht management.
Go to question pagePalm Jumeirah is an artificial island shaped like a palm tree, one of the most ambitious engineering projects in the world. Construction began in 2001 and required about 94 million cubic meters of sand and 7 million tons of rock. I strolled along the "trunk" of the palm, where hotels, restaurants, and residential complexes are located, and couldn't stop being amazed by the scale of the project. The "leaves" of the palm are luxurious villas with private beaches. The crown houses Atlantis The Palm hotel, a symbol of luxury and hospitality. After climbing The View at The Palm, an observation deck at a height of 240 meters, I was able to appreciate the grandeur of this structure and enjoy the panorama of Dubai and the Persian Gulf. The creation of Palm Jumeirah has shown the world that nothing is impossible for Dubai.
Go to question pageDubai is considered one of the most expensive cities in the world, but the cost of living largely depends on your lifestyle. Living in luxurious neighborhoods and eating in high-end restaurants, of course, will not be cheap. However, there are many options for a budget vacation. I found that local cafes and markets offer delicious food at reasonable prices. Public transport is accessible and efficient. Accommodation in mid-range hotels or renting an apartment through short-term rental services can significantly reduce costs. Entrance to many attractions is paid, but there are also free activities such as beaches and parks. In general, with proper planning, you can enjoy Dubai without excessive spending.
Go to question pagePopular sports in Dubai include: - Football: One of the most popular sports in the UAE. - Tennis: Dubai hosts international tennis tournaments such as the Dubai Tennis Championships. - Golf: There are many golf clubs in the city, including Emirates Golf Club and Dubai Creek Golf & Yacht Club. - Horse racing: Annual horse races such as the Dubai World Cup attract a lot of spectators. - Water sports: Surfing, kitesurfing, water skiing and diving are popular among tourists and locals.
Go to question pageYacht waste management includes the following measures: Collection and storage: Separation of waste into categories (plastic, glass, organic) and their storage in airtight containers. Sanitary systems: The use of marine toilets with wastewater collection and storage systems for subsequent disposal in marinas. Recycling: Organization of waste recycling on shore, use of recyclable materials. Waste minimization: Reduction of the use of disposable items, preference for reusable and environmentally friendly materials.
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