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The city has a car ownership rate of 541 cars per 1,000 population. This figure exceeds that of cities like New York City [444 cars per 1,000 population], London [345 cars per 1,000 population] and Singapore [111 cars per 1,000 population]. If this trend continues, then by 2020, there will be 5.3 million registered cars in Dubai. [3]
At US$ 3.4 million, the Lykan HyperSport was the third most expensive production car at the time of its production. The HyperSport is the first car to have headlights with embedded jewels; they contain titanium LED blades with 440 platinum diamonds (15cts); [9] although buyers had a selection of rubies, diamonds, yellow diamonds, and sapphires to be integrated into the vehicle's headlights at ...
Abu Dhabi used the Bahraini dinar, at a rate of 10 Gulf rupees = 1 dinar. In 1973, the UAE adopted the UAE dirham as its currency. Abu Dhabi adopted the UAE dirham in place of the Bahraini dinar, at 1 dinar = 10 dirhams, while in the other emirates, the Qatar and Dubai riyal were exchanged at par.
The UAE federal tax system is administered by the Federal Tax Authority (FTA), which was founded ahead of the 2018 implementation of a federal value added tax (VAT). The current standard VAT rate in the country is 5%. [2] [3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4]
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.
Back in 2015, the company added another feature to its hat by crossing the sales mark of 1 million (10 lakh) sold units in the domestic market. [19] The car has been grossing up a sales number of over 15,000 and close to 20,000 in the 2016–17 period where it has registered more than double the sales number of its competitors like the Honda ...
E 311, a major road in the UAE. Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, and Ras Al Khaimah are connected by the E11 highway, which is the longest road in the UAE. In Dubai, in addition to the Dubai Metro, The Dubai Tram and Palm Jumeirah Monorail also connect specific parts of the city. There is also a bus, taxi, abra (traditional boat ...
Dubai (A12345) AA, BB, CC or DD can also be a first letter, and numbers contain a maximum of five digits. The following vehicles with special registration have special number plates: