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Dubai is the first country in the United Arab Emirates that ventured away from oil as their main source of income. Today oil contributes only 6% of national GDP. Dubai has steadily and resolutely to withdraw from an oil-rich country into a major Trade and industrial location port. It has a few things to western investors, private individuals and companies in order to shop there. Dubai is also the largest banking and financial market supervision in this area.

In addition to companies, Dubai has also worked hard to tourists and to develop, on the subject to increasing number of options in terms of accommodation and activities. There are some really amazing places that have been and are being built in Dubai, for tourists and business travelers. There are certain areas in the city zones, which were set up to the individual sectors. Many international corporations such as IBM, Oracle, CNN, Reuters and Microsoft have a major presence in Dubai.

The property market in Dubai is flourishing thanks to the efforts of the government to diversify into the tourism and service industries. Large projects like the Palm Jumerirah and the world will be on synthetic islands and have caught the world's attention, even if some of them are still under construction. Within the city you will find the world's highest skyscrapers and also Burj Aj-Arab, the world's tallest hotel. The Burj Dubai is currently under construction and once it is finished, it will be the tallest building in the world. Another project involves developing a new business and consists of 500 skyscrapers.

Dubai economy experienced a 16% growth in 2005. After the Dubai Department of Economic Development (DED) state the estimated value of around 37 billion U.S. dollars at that time. It is expected that Dubai's economic growth to surpass that of China, which is considered one of the fastest growing economies today. China's current growth rate is 8.5% according to the DED Director General Mohammed Ali Alabbar, Dubai's economy is very long-term viability. He explained that businesses, government measures to help the economy grows rapidly.

Given the fact that Dubai economy $ 17 billion in 2000, the cumulative annual growth of the economy in Dubai is the tallest in the world in the last ten years. Mr. Alabbar also pointed out that this growth was a direct result of the decision of the government to diversify the economy and move them away from dependence on oil industry.

In 2005, the non-oil industry in Dubai with almost 94% of Dubai's GDP. This is the clearest proof that the government did the right thing by running away from oil and concentrating on other sectors such as economy, tourism, hospitality, and others. In recent years the economy of Dubai has shown some truly remarkable growth patterns and the continued efforts of the government to the new policy in this sense is to ensure that growth will not slow anytime soon.

William King is the director of Dubai Property & UAE Property & Dubai Real Estate Portal, Pakistan Property & Pakistan Real Estate Properties Portal and Wholesale Suppliers & UK Trade Dropshipping Directory He has 18 years experience in marketing and trade and industry was at retailers and start - ups with their product sourcing, promotion, marketing and supply chain requirements.