Dubai has the largest population and is the second largest emirate by area, after Abu Dhabi. With Abu Dhabi, it is one of only two emirates to possess veto power over critical matters of national importance in the UAE.Dubai has been ruled by the Al Maktoum dynasty since 1833. The emirates' current ruler, Mohammed bin Rashid Al Maktoum, is also the Prime Minister and Vice President of the UAE.
Revenues from petroleum and natural gas contribute less than 6% (2006) of Dubai's US$ 37 billion economy (2005). A majority of the emirate's revenues are from the Jebel Ali free zone authority (JAFZA) and, increasingly, from tourism and other service-oriented businesses. Dubai has attracted world-wide attention through innovative real estate projects and sports events. This increased attention, coinciding with its emergence as a world business hub, has also highlighted human rights issues concerning its largely foreign workforce.
Dubai has over 250,000 foreign laborers, many of whom live in conditions described by Human Rights Watch as being "less than human" . NPR reports that workers "typically live eight to a room, sending home a portion of their salary to their families, whom they don't see for years at a time." The BBC has reported that "local newspapers often carry stories of construction workers allegedly not being paid for months on end. They are not allowed to move jobs and if they leave the country to go home they will almost certainly lose the money they say they are owed.[46] In September 2005, the Minister of Labour ordered one company to pay unpaid salaries within 24 hours after workers protested, and published the name of the offending company. In December 2005, the Indian consulate in Dubai submitted a report to the Government of India detailing labor problems faced by Indian expatriates in the emirate. The report highlighted delayed payment of wages, substitution of employment contracts, premature termination of services and excessive working hours as being some of the challenges faced by Indian workers in the city. On 21 March 2006, workers at the construction site of Burj Dubai, upset over bus timings and working conditions, rioted damaging cars, offices, computers, and construction tools. The city's discriminatory legal system and unequal treatment of foreigners has been brought to light by its alleged attempts to cover up information on the rape of Alexandre Robert, a 15 year old French-Swiss national, by three locals, one of whom HIV status was hidden by the authorities for several months and by the recent mass imprisonment of migrant laborers, most of whom were from India, on account of their protests against poor wages and living conditions.
Prostitution, though illegal by law, is conspicuously present in the emirate because of an economy that is largely based on tourism and trade. Research conducted by the American Center for International Policy Studies (AMCIPS) found that Russian and Ethiopian women are the most common prostitutes, as well as women from some African countries, while Indian prostitutes are part of a well organized trans-Oceanic prostitution network. A 2007 PBS documentary entitled Dubai: Night Secrets reported that prostitution in clubs is tolerated by authorities and many foreign women work there without being coerced, attracted by the money.
The main road that connects one side of Dubai with the other is Sheikh Zayed Road. In July 2007, Salik road toll collection points were installed on the Sheikh Zayed road and on Al Garhoud bridge, which emphasizes the system’s congestion management objectives as well as the choice of technology for the toll system. The new system utilizes the latest technology to achieve free flow operation with no toll booths, no toll collectors, and no impact to traffic flow, allowing vehicles to move freely through the tolling point at highway speeds. Each time one passes through a Salik tolling point, the toll of AED 4 will be deducted from her or his prepaid toll account using Radio Frequency Identification (RFID) technology.
Dubai International Airport (IATA: DXB), the hub for Emirates Airline, services the city of Dubai and other emirates in the country. The airport served a total of over 34 million passengers and over 260,000 flights in 2007. The Dubai International Airport ranked 17th among international airports for total cargo traffic in 2006. A third terminal and a new concourse are currently under construction and are both due to open in mid-2008. The new terminal will be dedicated to Emirates Airline and will fully support the new Airbus A380. The development of Dubai World Central International Airport, currently under construction in Jebel Ali, was announced in 2004. The first phase is expected to be completed by 2008, and once operational the new airport will host foreign airlines. Emirates (both the passenger and cargo operations) will remain in Dubai International Airport.
Dubai's gross domestic product as of 2006 was US$46 billion. Although Dubai's economy was built on the back of the oil industry, revenues from oil and natural gas currently account for less than 6% of the emirate's revenues. It is estimated that Dubai produces 240,000 barrels of oil a day and substantial quantities of gas from offshore fields. The emirate's share in UAE's gas revenues is about 2%. Dubai's oil reserves have diminished significantly and are expected to be exhausted in 20 years.
Historically, Dubai and its twin across the Dubai creek, Deira (independent of Dubai City at that time), became important ports of call for Western manufacturers. Most of the new city's banking and financial centres were headquartered in the port area. Dubai maintained its importance as a trade route through the 1970s and 1980s. The city of Dubai has a free trade in gold and until the 1990s was the hub of a "brisk smuggling trade" of gold ingots to India, where gold import was restricted.
Dubai is considered to be an important tourist destination and its port, Jebel Ali, constructed in the 1970s, has the largest man-made harbor in the world. Dubai is also increasingly developing as a hub for service industries such as IT and finance, with the establishment of a new Dubai International Financial Centre (DIFC). The government has set up industry-specific free zones throughout the city. Dubai Internet City, combined with Dubai Media City as part of TECOM (Dubai Technology, Electronic Commerce and Media Free Zone Authority) is one such enclave whose members include IT firms such as EMC Corporation, Oracle Corporation, Microsoft, and IBM, and media organisations such as MBC, CNN, Reuters and AP.
The Dubai Financial Market (DFM) was established in March 2000 as a secondary market for trading securities and bonds, both local and foreign. As of Q4 2006, its trading volume stood at about 400 billion shares worth US$ 95 billion. The DFM had a market capitalization of about US$ 87 billion.
The government's decision to diversify from a trade-based, but oil-reliant, economy to one that is service and tourism-oriented has made real estate more valuable, resulting in the property appreciation from 2004–2006. Large scale real estate development projects have led to the construction of some of the tallest skyscrapers and largest projects in the world such as the Emirates Towers, the Palm Islands and the world's tallest, and most expensive, hotel the Burj Al Arab. As of July 2007, the Burj Dubai became the world's tallest structure and is expected to be taller by several hundred feet, once construction is complete. Construction should finish in late 2008 and the building occupied by September of 2009. There will be an estimated 164 floors, the top floor at 624.1 meters, or 2,058 feet.wizualizacje , Including the antennae and spire the total height of the Burj Dubai will be an estimated 818 meters, or 2,684 feet.
The Dubai government maintains policies that are friendly to foreigners. Some years back, it has decided to do away with all personal, corporate and sales taxes. This has caused the phenomenal influx of businesses and foreign workers into the emirate. Consequently, real estate boomed. Moreover, old laws of the emirate prohibited foreigners to own properties there. This has changed in 2002 when the current ruler allowed foreigners to buy and invest in properties in Dubai.Dubai hotels
