Dubai - THE unbelievable story of success
Within less than 300 years, Dubai has grown from small pearl fishing village into a modern metropolis with a skyline studded with skyscrapers. The creek was a natural harbour and during the 19th century, it served as Dubai’s commercial engine, establishing itself as a centre for fishing, pearling and maritime trade. Old traditional sailing boats still ply the routes between Dubai, India and beyond.
By the turn of the 20th century, Dubai had established itself as a successful port. The souk on the Deira side of the Creek was the largest on the coast with more than 400 shops, attracting a steady stream of visitors and businessmen. By the 1930s, the city’s population was nearly 25000.
When oil was discovered, Sheikh Rashid turned the petro dollars into building projects, and also used it to kick-start the tourist industry. Then Dubai became part of the U.A.E. In 1972 the project was completed when the final emirate, Ras Al Khaimah, joined the fledgling country.
Welcome in the future
With rows of skyscrapers lining the Sheikh Zayed Road, mega malls and many multi-million pound offshore developments, Dubai may look like a temple to the petrodollar but, as anyone who spends more than a few days here will tell you, there’s far more to the city than that.
Dubai is developing more rapidly than Shanghai. Every sixth crane in the world is operating in the small desert state. Life is a priority here in the futur - Dubai is an overland country.
World capital of 21st century
Gigantomania is not a swearword but a design principle. The Al-Maktoum family, which governs country, has decided to build the world capital of the 21st century.
Dubai is the largest city of the United Arab Emirates, with a population of 2,657 million (november 2016). The political, economic and social life of the country is essentially in Dubai city.
Dubai (دبي) is famous worldwide for its spectacular architecture, such as the Burj al Arab, the most luxurious hotel in the world in a striking sail-shaped building, the Burj Khalifa, the tallest skyscraper in the world, or the man-made "The Palm, Jumeirah" holiday island which even can bee seen from space.
Toxic tax burden in your country
Your money:
You earn it - the government taxes it and takes the lion's share
You spend it - the government taxes your expenses
You save it - the government taxes your savings
You invest it - the government taxes your investment
Your house:
You build it, the government taxes it
You sell it, the government taxes it
You live in it, the government taxes it
Your hard-earned assets:
You want to live from it - the government taxes it
You give it away, the government taxes it
You inherit it, the government taxes it
You have already paid tax on it, the government taxes your taxes again
Are you still paying or already living?
DUBAI is different - your money stays with you!
Income is tax-free!
The weather
Dubai has sunshine almost everyday, the whole year. And for about eight to nine months of this the weather is near perfect to enjoy all of Dubai’s outdoor activities and beaches! Dubai has a warm yet for the most part, highly pleasant climate. The summer months are typically the only time when the weather becomes a problem, with the temperature during the summer period of June through to September often going into the 40’s.
No tax
Yes, Dubai offers a tax free living environment. There are numerous business incentives with dedicated business freezone areas, plus there is no income or capital gains tax, nor is there any corporation tax. And now with freehold law and the ability to own your own property, Dubai is certainly an appealing place to come and work.
Safety
It doesn’t matter how many great things a place can offer if you don’t feel safe living there. And fortunately for Dubai residents, it is one of the safest places in the world. Dubai is now regarded as being one of the top five safest cities to live. Crime levels here as simply very low. Offences against another person and other crimes such as theft are kept in kept check by a vigilant police force, whilst the fact that only 1.7% of the population is currently unemployed clearly plays a large role.
Combine a high standard of living, low crime; good schools, vibrant nightlife and great weather, and you get life in Dubai. Here one can expect a lifestyle that for many that is rarely surpassed in their home countries.
Stable economy
With Dubai’s currency being fixed to the US dollar, pegged at AED 3.67: US$, this therefore gives the currency a strong element of stability, which a quick look at the news will tell you is something not to be taken for granted in the Middle-East. For the last 10 years Dubai has achieved GDP growth of just below 10% and is presently considered as one the world’s fastest developing cities.
A cosmopolitan city
Dubai is a very diverse city, with numerous differing nationalities all coexisting within the city, and all brining different cultures and influences that help to make Dubai a very interesting place to live.
The best is yet to come
As somewhere that is already considered one of the best places to live in the world, Dubai still has a lot up its sleeve. To achieve such a level of international acclaim and popularity despite the fact that the majority of its projects and developments are yet to be completed, goes to show what a unique destination Dubai really is, and highlights the potential it has in the coming years. With upcoming projects set to consist of the likes of Dubai land, which aims to become the world’s largest tourism destination.
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