How has dubai become so rich
UAE is ready to invest 70 billion USD even in India with inbuilt uncertainties and pitfalls in continueos growth, granted BJP wins in global long term investors in sensex have already accepted how has dubai become so rich, become so rich? No one knows how much UAE is ready to invest or already invested in countries other than India in this century! Have you any answers on how UAE, how has dubai become so rich a conservative Arab country, modestly wealthy, become so rich in the world?
Home Talk Property Beat. Search Member Search Keyword. How did Dubai UAE become so rich in our own life time? Come to think of it View video s posted. Come on Sulekha, put your thinking caps on! For those of you too tired and unable to think here are the answers.
Dubai has very little oil, and wealth created from oil Abu Dhabi, the capital of UAE has oil. The rulers of Dubai have been visionary and proactive in developing one of the world's best infrastructures including, ports and airlines, and Dubai is very safe Moreover, Dubai is tax free.
Emirates, which is now one of the top 3 biggest airlines in the world provides the global connectivity. This makes Dubai an ideal city for both tourists and residents who come from all over the world. It is smart governance, quick decision making, ability to take visionary action, and quick execution that has made Dubai one of the best cities in the world to live, and it is the tourists, residents, businesses and government, that have contributed to make Dubai wealthy.
If you are thinking that Dubai is very rich due to its oil reserves, I think you are wrong. Because Dubai, which is part of UAE is so small that they can't have that much of how has dubai become so rich which makes them this rich. The main reason behind Dubai's richness is its vision. The officials of dubai thought well before they ran out of oil.
Plus Dubai is tax free, so that makes it the most favorite shopping lover's city. They invested in infrastructure and allowed foreigners to buy property in Dubai, by this they brought Billions of money how has dubai become so rich Dubai Plam islands, world islands, Burj Khalifa. Some projects are just for status symbol. Ex- celebrities are buying houses in palm island just to show their wealthiness. So in short there are main 3 reasons of Dubai's wealth.