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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]
However, since the late 2010s, an influx of high-net-worth individuals significantly increased the cost of living, especially housing and private school fees. The UAE went from being the 90th most expensive destination for expatriates in 2013 to the 31st in 2023. [14] As a result, thousands of middle-class workers left the country. [14]
Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai.
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The 5 most expensive mistakes in options trading and how to avoid them This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
She bought an ‘unlivable’ house for $16,500 and made it her dream home — but you can reap the rewards of today’s expensive housing market without all the heavy lifting
The United States has an embassy in Abu Dhabi and a consulate-general in Dubai which provide services to American citizens. There are also expatriate and business organizations, such as the American Women's Association in Dubai, [4] the American Women's Network of Abu Dhabi [5] an American Chamber of Commerce Abu Dhabi [6] and an American Business Council of Dubai and the Northern Emirates.
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.