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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]
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 has a free trade in gold and, until the 1990s, was the hub of a "brisk smuggling trade" [75] of gold ingots to India, where gold import was restricted. Dubai's Jebel Ali port, constructed in the 1970s, has the largest human-made harbour in the world and was ranked seventh globally for the volume of container traffic it supports. [180]
With housing prices on the rise, it might seem like a tall order to find a place to live that has both affordable housing and good weather -- but such places do exist. PropertyShark analyzed U.S....
Americans in search of an affordable, expat-friendly place to live and work don't have to travel very far to find one. Mexico ranks No. 1 in the world as the top destination for expats, according ...
Horner said it’s possible to live comfortably in Corfu on a modest budget. For those looking to rent, the typical monthly cost of a one-bedroom apartment ranges between €400 and €600 ($419 ...
One city from Pakistan and three major cities from India all are in the top ten cheapest cities in 2020. The main reason behind this is the low wages and high levels of income inequality, which restrict household expenses, as well as market competition. [2] The ten cheapest cities in the world 2020 according to an Economist Intelligence Unit ...
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