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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 United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [5] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
Market Trends. According to the Dubai Land Department, the total value of real estate transactions in Dubai in 2021 was AED 155 billion ($42.2 billion). The department also reported that there were 49,862 real estate transactions in Dubai in 2021, with 33,337 of these being sales transactions. [9]
Waterfront Market (Arabic: سوق الواجهة البحرية) is a fish, vegetable, and meat market in Deira, Dubai, United Arab Emirates. [1] The market opened in 2017. [2] It is located on the Deira Corniche near Hamriya Port [3] at the junction of Al Khaleej Road and Abu Hail Road. [4] The market covers over 120,000 square feet and ...
The Burj Khalifa [a] (known as the Burj Dubai prior to its inauguration) is a skyscraper in Dubai, United Arab Emirates.It is the world's tallest structure.With a total height of 829.8 m (2,722 ft, or just over half a mile) and a roof height (excluding antenna, but including a 242.6 m spire) [2] of 828 m (2,717 ft), the Burj Khalifa has been the tallest structure and building in the world ...
178 [1] Market cap. US$ 89.18 billion (Mar. 2016)[2] Website. www.dfm.ae. The Dubai Financial Market (DFM) (Arabic: سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000.
Dubai Industrial City is the dedicated industrial city in Dubai, covering an area of 560,000,000 sq ft (52,000,000 m 2). It will be city within a city. It will be city within a city. When completed the development will include food and beverage zones, base-metal and transportation zones, Warehouses and an extensive conservation area.
Downtown Dubai or The Dubai Downtown is a large-scale, mixed-use complex in Dubai, United Arab Emirates. It was developed by the Emaar real estate development company. Before 2000 this place called was Umm Al Tarif[2] It is home to some of the city's most notable landmarks, including Burj Khalifa, The Dubai Mall, [3] and The Dubai Fountain. It ...