Dubai is one of the seven Emirates of UAE and is ranked no.4 in the list of most popular cities in the world. Whenever we think of Dubai, we can imagine the extravagance of that city and the larger than life living. Dubai is a go-to vacation spot for millions of tourists. Shopping in Dubai is probably the main attraction for the tourists as it is also known as the “shopping capital of the Middle East”. More than seventy shopping malls are there in Dubai and “Dubai Mall” is considered to be the world’s largest shopping mall.
In the 1800s, Dubai was a centre of fishing and sea trade but it completely transformed forever after striking oil in 1966. Revenues from oil were invested in creating infrastructure projects which shaped Dubai into becoming one of the most developed cities in the world. Dubai constructed a city of high rises on the guarantee of globalization, making itself a crucial centre for the free movement of trade. Dubai transformed into a megacity in an extremely short time period and became a part of the leading economies in the world.
The government of Dubai has been and is still determined to develop the city like no other city in the world. The economy of Dubai is changing rapidly because of its advanced developments. Dubai’s tax-free environment and political stability made it the financial business hub and this expanded the reach of the city to different parts of the world.
Dubai’s economy heavily relies on its tourism industry and is the topmost visited destination in the Middle East. Dubai’s tourism brings millions in foreign investment thus allowing it to develop even further. According to a survey, tourists spend the most in Dubai than in any other city in the world.
If we focus on the future of Dubai, we can only imagine a more advance, modern, and developed city. Dubai aims to be the smartest city in 2021 and by 2050, wants to become the most visited city in the world. Dubai is working on a number of mega infrastructure projects which will considerably boost tourism even more; some of the projects include the Tallest Ferris Wheel, Jumeirah Garden City, Dubai Creek Tower, The Island by Wasl, Floating restaurant in Sea, and many more projects can be found in researches by Assignment Writing Help in Dubai.
Dubai was all set to host the Expo 2020, with that approximately 25 million tourists were expected to visit the country boosting the economy but due to the Covid-19 virus and a pandemic worldwide, it was postponed and shifted to 1st October 2021 and will be in continuation till 31st March 2022. This Expo will have a great impact on the economy of the UAE and the country will embark on stabilization of restaurants, tourism, hospitality, and the construction of newer hotels. A number of new projects will be announced in this expo which is expected to be worth over Dh25 billion, including several shopping malls, housing schemes, roads, etc.
There are no boundaries when it comes to what the future holds for Dubai. Dubai is a dream city, fulfilling the dreams of hundreds of people by providing lavish homes and careers. Dubai being the business hub will only bring in more investment which will be used in the development of the city. Needless to say, Dubai is the future.