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Saturday, March 28, 2009

Dubai, United Arab Emirates

The earliest recorded mention of Dubai is in 1095 AD, in the Arabic book Mojam Ma Ostojam men Asmae Al belaad wal Mawadhea, which refers to “Dubai” as a vast place. Later, in 1587 AD, the Venetian pearl merchant Gaspero Balbi mentions the name of Dubai as one of the places where Venetians worked, diving for pearls. There are more substantial records of the town of Dubai from 1799. Earlier in the 18th century the Al Abu Falasa lineage of the Bani Yas clan established itself in Dubai, which was a dependent of the settlement of Abu Dhabi until 1833. In 1833, the Al Maktoum dynasty of the Bani Yas tribe left the settlement of Abu Dhabi and took over the town of Dubai and was constantly at odds with the emirate of Abu Dhabi. In 1835, Dubai and the rest of the Trucial States signed a maritime truce with Britain and a “Perpetual Maritime Truce” about two decades later. Dubai came under the protection of the United Kingdom by the Exclusive Agreement of 1892. Its location made Dubai a chief port for trade and exports throughout the early and mid-20th century. On December 2, 1971, Dubai, together with Abu Dhabi and five other Emirates, formed the United Arab Emirates after former protector Britain left the Persian Gulf. In 1973, Dubai joined the other emirates to adopt a single, uniform currency: the United Arab Emirates dirham. The current ruler of Dubai is H.H. Sheikh Mohammed bin Rashid Al Maktoum. Like the preceding ruler, his older brother, he is also the Vice President and the Prime Minister of the United Arab Emirates. Dubai is one of the seven emirates that make up the United Arab Emirates on the Persian Gulf. It is the most populous and second largest after Abu Dhabi. With enormous construction and development in various industries, Dubai has attracted world-wide attention through innovative real estate projects, sports events, conferences and Guinness records; however, this increased attention, coinciding with its emergence as a world business hub, has also highlighted potential human rights issues concerning its largely immigrant workforce. Oil reserves in Dubai are less than one-twentieth those of Abu Dhabi, and oil income represents only 6% of their gross domestic product. 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 a property boom from 2004-2006. Construction on a large scale has turned Dubai into one of the fastest growing cities in the world, equaled only by the large Chinese cities. It is unusual in that its population is comprised mainly of expatriates, with United Arab Emirate nationals (Emiratis) constituting the minority. The majority of these expatriates come from south Asia and Southeast Asia. The government does not allow any form of naturalization or permanent residence to expatriates; however, foreigners are permitted to purchase and own property without a local partner or sponsor. The port of Dubai is one of the major ports for the United Arab Emirates next to Jebel Ali. Dubai has the largest Dry-dock in the world which is situated immediately adjacent to Port Rashid in the Dubai Dry-docks Estate. Traffic figures: The combined figures for Jebel Ali and Port Rashid are as follows; approx 77,380,000t of cargo and 14,000 vessels are handled annually. The maximum size of vessels handled is 230 meters. One of the many attractions of Dubai is the fact that they have created several artificial Islands. These Palm Islands are artificial islands in Dubai, United Arab Emirates on which major commercial and residential infrastructure will be constructed. The islands are the Palm Jumeirah, the Palm Jebel Ali and the Palm Deira. Each settlement will be in the shape of a palm tree, topped with a crescent, and will have a large number of residential, leisure and entertainment centers. The Palm Islands are located off the coast of The United Arab Emirates in the Persian Gulf and will add 520 kilometers of beaches to the city of Dubai.

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