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Dubai Pearl (Arabic: لؤلؤة دبي) was a 73-storey, 300 m (984 ft), tall residential skyscraper project situated along Al Sufouh Road in Dubai, United Arab Emirates. The project was first announced in 2002. [1] Construction was on hold from 2006 to 2022. As per reports, demolition work is ongoing at the site as of January 23rd, 2023. [2]
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The second tallest building in the UAE is the 425-metre (1,394 ft) Marina 101 in Dubai, which also stands as the world's fourth-tallest residential building after 432 Park Avenue, 111 West 57th Street and Central Park Tower, all of which are in New York City. [2] The tallest buildings in the UAE are mostly located in Dubai and Abu Dhabi.
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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]
Aerial photo of the Mina seyahi area in 1995. In the late 1970s Sheikh Rashid Bin Saeed Al Maktoum had a vision to have three distinctive areas in the Emirate of Dubai. His foresight witnessed the creation of the Jebel Ali Free Zone as the industrial area, Mina Seyahi was to cater to tourist pleasures – hence Mina Seyahi and the central area of Dubai was to serve as the residential locale.
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The Pearl Initiative is a non-profit organization founded in 2010 that focuses on corporate governance, accountability and transparency in the Persian Gulf region. [ 1 ] [ 2 ] The organization publishes reports, [ 3 ] and holds regular events.
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