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September 12 - Burj Dubai reaches 555.3 metres, surpassing the 553.3 metre CN Tower in Toronto, Ontario Canada as the world's tallest free-standing structure on land, which it had been since 1976. The building is due for completion 2008 with a final projected height of 818 metres.
The emergence of Dubai's lively real estate market was briefly checked by the global financial crisis of 2007–8, when Dubai was bailed out by Abu Dhabi. [31] The recovery from the overheated market led to tighter regulation and oversight and a more realistic market for real estate throughout the UAE with many 'on hold' projects restarting.
Dubai [a] is the most populous city in the United Arab Emirates and the capital of the Emirate of Dubai, the most populous of the country's seven emirates. [5] [6] [7] As of 2024, the city has a population of around 3.79 million, [8] more than 90% of which are expatriates.
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]
2009 Dubai housing crash was a major economic crisis that hit the Emirate of Dubai, one of the seven emirates that make up the United Arab Emirates (UAE). The crisis was sparked by the 2007–2008 financial crisis , which severely impacted Dubai's economy, particularly its real estate sector. [ 1 ]
According to Nielsen BookScan data, the Fifty Shades series the top three best selling books of the decade, with the first novel selling 15.2 million copies from 2010 to 2019. The Hunger Games (2008) was fourth (8.7 million copies) followed by The Help (2009) (8.7 million).
Chalhoub Group (Arabic: مجموعة شلهوب) is a privately held luxury goods retailer and distributor, headquartered in Dubai, UAE. The Chalhoub Group is the largest retail operator in the Middle East and a member of the International Association of Department Stores since 2023. The company has more than 14,000 employees in 14 countries. [3]
Highest-grossing films of 2007 by In-year release [63]; Rank Title Distributor Domestic gross 1. Spider-Man 3: Columbia Pictures: $336,530,303 2. Shrek the Third