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Dubai has become one of the wealthiest and rapidly developing cities thanks to a number of factors:
Economic diversity: Dubai has been successful in diversifying its economic resources. Not only relying on oil resources, this city has shifted its development to fields such as tourism, finance, real estate, transportation, trade and services.
Infrastructure investment: Dubai has invested heavily in transportation infrastructure, including Dubai international airport, Jebel Ali port - one of the deepest ports in the world, modern highway system and metro. This good infrastructure attracts many businessmen, investors and tourists to Dubai. Tax policy and investment support: The United Arab Emirates, including Dubai, applies friendly tax policies, No personal income tax and no international tax, attracting many businesses and wealthy individuals to invest and live here.
Ambitious development projects: Dubai has implemented ambitious and famous development projects such as Burj Khalifa - the world's tallest building, The Palm Jumeirah - the world's largest artificial island, Dubai Mall - the world's largest shopping center and many other real estate projects. These projects create many business opportunities and attract a large number of international tourists.
Vision and smart financial management: Dubai government has a long-term vision and uses smart financial management. Attracting foreign investors, effective asset management and creating favorable conditions for businesses have contributed to the city's wealth.
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