The multiculturalism and history and Geography of Dubai

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Dubai
Abstract
Most people understand more about the city of Dubai and its enormous amount of wealth. Dubai is a section of the United Arab Emirates (UAE) and a lot of individuals in the 20th century knew the city because of its oil deposits. Many people consider Dubai as a fortunate town that became wealthy as a result of being among the places in the Gulf. The individuals think that the luck is due to the Gulf being the richest in oil production all over the globe. However, most of the money from the total income that the city makes of around $100 billion emanates from the thriving areas such as the Air Company and ports. The real estate industry also contributes a significant amount of revenue. Oil brings less than 10% of the entire income. It is the substantial investments in commercial businesses and property that generate more than eighty percent of the revenue. At the start of this century, the tourism sector of Dubai started developing at a higher speed. The sector is essential in boosting the nation's economy. Dubai built Burj Khalifa, which is the biggest structure on earth that helped to increase the state's proceeds in the financial services sector. Now the city is gradually acquiring back its name and financial status.
Outline
Content Page
Abstract………………………………………………………………………………………1
Outline………………………………………………………………………….…….………2
The Real Estate Cluster………………………………………………………………………3
The Transportation and Logistics Cluster……………………………………………………4
The Tourism Cluster…………………………………….……………………………………6
The Financial Services Cluster…………………….…………………………………………8
Works Cited…………………………………….…………………………………...………10
The Real Estate Cluster
Marathe asserts that, the reason why there is the development that continues progressively in the state is that Dubai leaders embrace the western techniques in their ruling. According to Gremm, Julia, and Wolfgang, many of the people consider Dubai as a fortunate town that became wealthy as a result of being among the places in the Gulf. According to Marathe, around the late 1970's, a lot of people thought that the city would only last for a short period in the competition with other places if it concentrated only to its oil wealth. This understanding by the mass led to the laying of the foundations for investments in property. The real estates' investments are presently the main support for the economy of the Arabs. Early in this millennium, the neighborhood started expanding most of the property. The expansion fresh stimulated the economy that literally flourished. According to Alfaki and Allam, substantial investments in commercial businesses and property generate more than eighty percent of the revenue.
Still, in the early period of this millennium, the whole universe saw the inauguration of the "Dubai Internet City". The opening of the InfoTech city increased the interests of the international customers from all areas to Dubai. This attraction assisted the commercial activities in Dubai to grow even more. Because the I.T hub was totally free from tax obligations, it attracted most investors. The attraction again made numerous investors from foreign nations to discover the presence of Emirates, which made them to strategize and come to invest there. According to Buckley and Adam, the most attractive thing concerning the property rules is that the proprietors of the property were allowed to own them for 99 years. There was no rule known as freehold law. Because of lack of such a rule, investors built big structures such as the Burj Khalifa and the Burj Al-Arab, the globe's most luxurious hotel (Buckley and Adam).
According to Richard, a lot of tourists go to Dubai for vacation or to shop. The Emirates city has built many retail shops to fulfill the requirements of the customers. Richard asserts that renowned global companies occupy the retail shops. Dubai is second to London in having the retailer presence in the world (Richard). Furthermore, the retail shops have built luxurious amenities that comprise indoor skydiving and aquariums. Richard asserts that the property sector has improved in growing hotels and the cluster gets support from the finance sector, which finances the developments. Richard argues that experts rank the Burj Al Arab luxurious hotel, which has more than 50,000 rooms, in the fifth position among the cities with the biggest number of rooms in the globe. The hotel rooms produce the highest income in the world compared to other cities.
The Transportation and Logistics Cluster
According to Davidson, the natural resources and position of Dubai considerably helped to define the city's growth. In the mid-1960s, the Dubai Petroleum Company learned about the offshore fields. By early 1990s, the production of oil was at its peak at slightly more than 400,000 barrels each day (Davidson). According to Davidson, by around 2010, the oil and gas industry contributed less to the economy, which was a contribution of about 3% of the gross domestic product (GDP). This decrease was down from more than 50% in the mid-1970s. At this time, Sheikh Mohammed whose family was leading the state recognized that the city might not continue to be autonomous. Dubai could end up depending on the control of Abu Dhabi. Abu Dhabi could control the city's politics and economy if Dubai was not going to be careful about its economy that depended on the fading reserves of oil. Because of that risk, Sheikh Mohammed came up with a "futuristic vision for Dubai as an international hub that keeps a delicate balance between modernity and the city's Arab and Islamic identity" (Davidson). Davidson asserts that, Sheikh Mohammed intentionally redirected most of the incomes from oil in a lot of other projects intended to reinforce the position of Dubai as a trading point in the area. The country's administration took advantage of the exceptional geographical position of the city as a trans-shipment center between Asia and Europe. According to Hafeez, et al. the administration built the national airfield in 1960 and Dubai International Financial Centre in 2004.
According to Fuchs, in the transportation sector, the airline businesses brought the maximum boost to the tourism cluster. The air company in Dubai began by developing the Dubai International Airport in the 1960s. This airfield continues to grow and is now the busiest in the United Arab Emirates and is among the busiest airport at position 15 in the whole world. According to Fuchs, the airfield handled more than 4 million travelers in the first quarter of 2010. In addition, the airport attends to more than over 100 aeroplanes and 200 terminuses in the six continents. Most of the clients use the Emirates Airlines because it is the biggest airline in the world (Fuchs). According to Fuchs, the Emirates Airlines fly to more than 100 destinations with over 135 airplanes and served more than 25 million customers in 2010. The Emirates Airlines contribution in promoting Dubai as a global travelers' terminus is enormous. According to Ziadah, Al Maktoum International Airport that the government opened in 2010 will be the biggest airport in the world. Ziadah asserts that the airport can hold over 150 million customers every day especially when it is completely functional. This great number of passengers shows that the airline business will remain to be strong in driving the tourism sector of Dubai.
In addition to the airline transport, the Emirates city has put up seaports that handle cruise ships from all over the globe and is the leading cruise port as of 2010 (Richard).
The Tourism Cluster