Dubai is the capital of Emirate of Dubai, one of the seven emirates of UAE
Dubai is one of the world’s most popular tourist destinations, located in the eastern part of Arabian Peninsula. It is the business hub of Western Asia, grew in to a cosmopolitan metropolis with focus on tourism and hospitality. It has the second most five-star hotels in the world and the tallest building in the world, the Burj Khalifa
Dubai’s economy relies on revenues from trade, tourism, aviation, real estate and financial services. It’s a center for international trade since early 20th century
Some interesting facts-
- The UAE is ruled by Al Makhtum family since 1833
- It has a Minister of happiness
- It also has a Minister of tolerance to promote tolerance as a fundamental value of the UAE
Dubai’s Economy:
Its one of the world’s fastest growing economies.
Although the core elements of Dubai’s trading infrastructure were built on the back of the oil industry, revenues from oil and natural gas account for less than 5% of emirates revenues
Oil reserves of Dubai have diminished significantly
Real estate and construction (22%), trade (16%) and financial services (11%) are the largest contributors of Dubai’s economy
Dubai is a hub for service industries-
Dubai is a hub for service industries-as information technology and finance with, industry specific free zones throughout the city.
Major IT firms in Dubai:
Hewlett Packard enterprise, HP Inc, EMC Corporation, Oracle Corporation, Microsoft, Dell and IBM and Media Organizations such as MBC, CNN, Reuters, Sky news and AP and
Dubai Internet City with Dubai Media City as part of TECOM (Dubai Technology, Electronic Commerce and Media free zone authority)
Education in Dubai:
Dubai International Academy City (DIAC), is a university town in Dubai, dedicated to higher education by TECOM group. Many international universities have branches in DIAC, forming a knowledge park
DIAC has grown into one of the largest educational hubs in the world
It consists of 27 residential universities and 37 innovation centres, DIAC enrols more than 27,500 students of over 150 nationalities, offering more than 500 bachelor, master and doctoral program in various fields of business, engineering, general sciences, humanities, management, medical sciences and technology. It consists of Amity University, Manipal University, Heriot-Watt university and many more
DIAC has taken up student housing projects for providing budget friendly accommodation to the students enrolled in colleges affiliated to DIAC.
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