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Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
Tourism in Dubai is a major part of the economy of Dubai. Dubai was the third most visited city in the world in 2023 with 17 million international visitors according to Euromonitor International . [ 1 ] [ 2 ] Dubai hosts more than 800 hotels with more than 150,000 rooms.
Sheikh Rashid bin Saeed Al Maktoum, ruler of Dubai from 1958 till 1990, realised one day Dubai would run out of oil and started building an economy that would outlast it. [8] Sheikh Rashid, together with Sheikh Zayed, was the instrumental leaders of leading the country's tourism, having made a joint declaration for the founding of the Emirates. [9]
The Department of Economic Development (DED) of the Emirate of Dubai is a government body entrusted to set and drive Dubai's economic agenda within the broader governance systems of the United Arab Emirates. The DED and its agencies develop economic plans and policies, identify and support strategic sectors, and provide services to domestic and ...
Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification. Dubai has far smaller oil reserves than its counterparts. [20] Tourism is one of the biggest non-oil sources of revenue in the UAE. A massive construction boom, an expanding manufacturing base, and a thriving services sector are helping ...
Dubai Creek played a vital role in sustaining the life of the community in the city and was the resource that originally drove the economic boom in Dubai. [202] As of September 2013, Dubai Creek has been proposed as a UNESCO World Heritage Site. [203] Many boutiques and jeweler stores are also found in the city.
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