Dubai was a village of Abu Dhabi elders until 1833, when in 1833, eight hundred members of the Bani Yas tribe, led by the Maktoum family, settled in the estuary. The estuary was a natural harbor, and Dubai quickly became a center of fishing, pearl fishing, and maritime trade.
At the beginning of the twentieth century, Dubai became a successful port. Souk, which is the Arabic word for bazaar, was the largest bazaar on the Deira Khor side with 350 shops and a fixed population of visitors and merchants. In the 1930s, Dubai had a population of about 20,000, a quarter of whom were immigrants.
In the 1950s, with the accumulation of mud, which may have resulted in an increase in the number of ships using it, the late ruler of Dubai, Sheikh Rashid bin Saeed Al Maktoum, decided to remove the rubble from the waterway. To take. The decision was an ambitious, costly and impractical project, but the move led to an increase in the volume of transportation to Dubai and ultimately strengthened Dubai’s position as a hub for re-exports and more trade.
When oil was discovered in 1966, Sheikh Rashid used oil revenues to develop Dubai’s infrastructure. Schools, hospitals, roads, an advanced telecommunications network and much more were built, and Dubai grew at an insane pace. A new port and terminal were also built at Dubai International Airport, and a runway that could accommodate any type of aircraft was built. The largest man-made port was also built in Jebel Ali, and a free zone was built around the port.
After a while, the Dubai development formula became clear to everyone, including dream leadership, quality infrastructure, a friendly immigrant environment, zero percent personal income tax and corporate taxes, and low import duties. As a result, Dubai quickly became a tourist and commercial hub in the region, stretching from Egypt to the Indian subcontinent and from South Africa to what is now called the Commonwealth.
From the 1960s, Sheikh Zayed bin Sultan Al Nahyan, who later became the ruler of Abu Dhabi, and Sheikh Rashid bin Saeed Al Maktoum, dreamed of building the UAE Federation in the region. Their dream came true in 1971 when Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah (1972), Ras al-Khaimah and Umm al-Quwain came together to form the United Arab Emirates.
Under the leadership of the late Sheikh Zayed, the first president of the United Arab Emirates, the country became one of the richest countries in the world with a per capita GDP of more than seventeen thousand dollars a year.
In the 1980s and early 1990s, Dubai made a strategic decision to emerge as a major international quality tourist destination, and investments in generous tourism infrastructure paid off over the course of a year.
In the last years of the 2000s, due to the widespread financial crisis in the world, the construction of real estate in Dubai for three years faced serious difficulties. However, Dubai was able to improve on a gradual and continuous schedule. In 2012, Dubai was named the 22nd most expensive city in the world and the most expensive city in the Middle East.
Today, Dubai has found its place as a successful and important global and commercial city in the region. Although Dubai’s economy grew with the oil industry, most of Dubai’s income came from the Jabal Ali Free Zone, the sale of property to foreign nationals in the free zones, residency, re-export of goods, transit of passengers and goods, and much of tourism and other financial services. Commercially provided. Dubai has long attracted the attention of the world through its large-scale construction as well as exciting recreational and sporting events. One of these is the beautiful Burj Al Arab Hotel, which stands on the shores of Jumeirah and is the only seven-star hotel in the world.