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Dubai suffered from a significant economic crisis in 2007–2010 and was bailed out by Abu Dhabi's oil wealth. Dubai's current prosperity has been attributed to Abu Dhabi's petrodollars. [40] In 2014, Dubai owed a total of $142 billion in debt. [41] The UAE government has worked towards reducing the economy's dependence on oil exports by 2030. [42]
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average gross salary. ... Date Gross Net (US$) Net [1] [2] Afghanistan ...
Abu Dhabi Global Market (ADGM) is an international financial centre and free zone located on Al Maryah Island in the United Arab Emirates's capital, Abu Dhabi. [citation needed] The financial centre was established in 2013 and became fully operational in October 2015.
Dubai has an area of 3,885 square kilometres (1,500 square miles), which is equivalent to 5% of the country's total area, excluding the islands. The Emirate of Sharjah extends along approximately 16 km (10 mi) of the UAE's Persian Gulf coastline and for more than 80 km (50 mi) into the interior.
Business Bay, Dubai. The entire development covers an area of 46,900,000 sq ft (4,360,000 m 2), and the gross leasable area is 78,500,000 sq ft (7,290,000 m 2).The projected population of the entire development is more than 191,000, and the estimated population of employers and others is 110,000, making the total population more than 300,000. [1]
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DMCC's 2017 plan for the Uptown Dubai district includes more than 10 million square feet of commercial and residential space, more than 200 retail and F&B outlets, alongside 3000 residences, a central entertainment plaza and luxury hotels.