Dubai is undoubtedly the most progressive emirate (pronounced imarat, meaning province) among the seven emirates that constitute the United Arab Emirates (UAE). In the last 10 years, Dubai has seen an incredible transformation in its socio-economic environment to become:
This has led to an explosive growth in infrastructure in the region. Rapid development in real estate and basic services like education and healthcare has contributed to the overall development of the region. This journey of success would not been possible without the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of UAE and Ruler of Dubai. His progressive policies and liberal outlook towards development has made Dubai a world-class 'City of the Future'.
One of the fastest growing regions in the world
Dubai and UAE are one of the fastest growing regions in the world. GDP of UAE was ~110bn USD in 2006 and has been growing at ~9-10% every year. The region has witnessed increased spending on infrastructure, job creation and utilities. It would be worth noting that the economic growth here exceeds the growth in several developing economies like Russia and Brazil and has cemented its place in the league of rapidly growing economies like China and India.
UAE has a very high expatriate workforce of ~3mn, which constitutes more than 75% of its total population. The population has been growing at ~5% annually and the region is witnessing a continuous influx of a expatriates across various industries.
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