History Of Dubai
United Arab Emirates (U.A.E) formed on 2nd December 1971, when six of the seven Emirates joined together. These Emirates were Dubai, Sharjah, Ajman, Fujairah, Abu Dhabi and Umm-Al-Quwain. Ras-al-Khaima became the seventh Emirate and the last in 1972, making it the beginning of an amazing journey.
Oil was discovered 6 years ago from the formation of U.A.E. Sheikh Rashid bin Saeed Al Maktoum Former Vice President of U.A.E, realized that Dubai will run out of oil eventually, so he decided to invest in Dubai. He decided to make Dubai a tourist destination to provide alternative sources of income once the oil runs out. Sheikh Rashid bin Saeed Al Maktoum started constructing schools, hospitals, hotels, skyscrapers, sports and entertainment facilities and many other attractions. In the early 1990s, these facilities attracted tourists from all over the world and Dubai became a major tourist attraction.
Various investors and business owners started investing in Dubai. Due to Dubai’s no tax policy, foreigners had to pay 0% income tax which was a huge advantage. The major attractions and no tax policy gave Dubai a major economic boost since many foreigners started investing there. Soon Dubai started relying on the income generated by tourists and real estate.
Dubai’s construction did not stop there. Dubai started planning huge projects and started working on them. During 2010, Dubai had broken many world records such as constructing the only 7-star hotel in the world (Burj-Al-Arab) and the tallest building in the world (Burj Khalifa). Now Dubai is a Business Hub which welcomes over 200 nationalities. It holds many insane world records, but it does not end here. Dubai is planning to expand even further by breaking their own world records such as building Dubai Creek Tower which will be even taller than Burj Khalifa in the near future.