Land of opportunities

DUBAI

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outline

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introduction

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History

800 members of the Bani Yas tribe, led by the Maktoum Family,

settled at the mouth of the creek (the natural harbour) in 1833.

Dubai soon became a center for the fishing, pearling and sea trade.

The souk on the Deira side of the creek was the largest on the coast with 350 shops.

By the 1930s Dubai's population was nearly 20,000, a quarter of whom were expatriates.

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Located at the crossroads of Asia, Africa and Europe.Dubai lies along the Eastern coast of the Arabian

Peninsula in the South West corner of the Arabian Gulf.

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DEMOGRAPHY Population : 1.5 million Male=1073000 Female=349000 Capital : Dubai City Official Language : Arabic, although English is also wide

spread Government : Sheikh Size : 4,114 km2 Currency : Dirham Economy : 38th largest in the world Religion : Islam  Population comprises of=17% of UAE nationals

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culture

Culture of Dubai is predominantly Islamic.

Day-to-day activities, festivals, cuisine, dresses, weddings, and other customs are dictated very much by religion.

Despite waves of modernity touching the shores of Dubai, the emirate remains close to its cultural heritage.

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ECONOMYGDP- US$ 37 billion.

Oil and natural gas currently account for around 6% of the emirate's revenues.

Largest contributors to Dubai's economy. Real state and Construction (22.6%) Trade (16%) Financial services (11%)

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44th among the worlds best financial cites.

World's 33rd richest city, in terms of PPP.

Dubai's top re-exporting destinations include: Iran (US$ 790 million) India (US$ 204 million) Saudi Arabia (US$ 194 million)

The emirate's top import sources are Japan (US$ 1.5 billion) China (US$ 1.4 billion) United States (US$ 1.4 billion)

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TRANSPORT Transport is controlled by the Roads and Transport

authority. The public transport network faces huge congestion.

AED70 billion of improvements planned for completion by 2020.

Dubai International Airport(the hub for Emirates Airline) Served a total of over 37 million passengers handled over 1.8 million tons of cargo in 2008. In 2008, the 20th busiest airport in the world.

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• tourism-oriented has made real estate more valuable, The large scale real estate development projects have led to the

construction of some of the tallest skyscrapers and largest projects in the world such as the Emirates Towers, the Burj Dubai, the Palm Islands and the world's second tallest, and most expensive hotel, the Burj Al Arab.

• Dubai's real estate market has experienced a major downturn in the recent months, as a result of the slowing economic climate.[76] Mohammed al-Abbar council of the sheik told the international press in December 2008 that Emaar had credits of US$ 70 billions and the state of Dubai additional US$ 10 billions while holding estimated 350 billion in real estate assets. By early 2009, the situation had worsened with the global economic crisis taking a heavy toll on property values, construction and employment.[77]

• As of February 2009 Dubai's foreign debt is estimated at apprx. USD 100 billion, leaving each of the emirate's 250,000 UAE nationals responsible for 400,000 USD in foreign debt

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TOURISM Maintain the flow of foreign cash into the emirate.

Dubai's lure for tourists is based mainly on shopping,

Most populous emirate of the seven emirates of UAE.

Its revenues increasingly, from tourism rather than

petroleum and natural gas account

Jebel Ali-largest man-made harbour in the world.

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• Travellers entering Dubai can be jailed for 4 years or more if found in possession (including in the bloodstream and the bottom of the shoes[14]) of illegal drugs (even in quantities as small as 0.001g), including poppy seeds from bagels and prescription and over-the-counter medicines such as codeine.[15][16] A senior Dubai judge was quoted on February 11, 2008, by the Dubai City News saying, "These laws help discourage anyone from carrying or using drugs. Even if the amount of illegal drugs found on someone is 0.05 grams, they will be found guilty. The penalty is a minimum four years. The message is clear — drugs will not be tolerated."[15] A number of travellers have been held pending charge while Dubai authorities test their possessions, blood and urine for any trace of contraband.[17]

INFRA STRUCTURE

One of the most speedily developing cities in the world is dubai.

Real Estate and construction, on the other hand, contributed 22.6% to the economy in 2005, before the

current large scale construction boom.

DUBAI has attracted attention through its real estate projects & sports events.

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DubaBurj Dubai Marina .

Dubai Metro

Deira Clock Tower

Burj Al Arab

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Battle of the Tower Cranes 15% of the world tower cranes are currently in Dubai

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World Biggest Ski Dome

Within Mall of Emirates

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Dubai Marina Project Jumeirah Beach Residences (40 blocks)

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World Largest "Palms"- Jumeirah Palm, Jebel Ali Palm, The World, Deira Palm (Hidden)

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Ever since Dubai was flooded by the increase of population during the early days of oil, housing has been difficult to obtain. That is when the novel idea of building homes on artificial islands out in the middle of the water was developed. One of the first developments was "Jumeira Palm Island" pictured at right. Then came "The World", a series of man-made islands with homes that only the mega-rich could ever hope to afford. Ownership of an island home at "The World" is considered just as desirable as a home in Aspen, Monaco, and other favorite hangouts of the Rich and Famous.

The main reason for the construction boom in Dubai is its drive to diversify the economy. The Dubai government does not want to depend on its oil reserves which are largely believed to become exhausted by 2010. Accordingly Dubai City has diversified its economy to attract revenues in the form of expanding commercial and corporate activity.

JOB OPPORTUNITIES

Demand for construction jobs

Demand for engineering jobs

Flourishing tourism industry

(Due to this hotel jobs is also a growth area)

Business opportunities

Travel Packages – Emirates Airlines and few travel agents handle Most of the travel packages.

Exports – Some food items like Dates are very cheap in Dubai. Also used cars and jewellery are very cheap in Dubai.

 Nightclubs – There is always a market in Dubai for

nightclubs.

 

Multi Level Marketing – Dubai has tough laws for pyramid schemes. If one gets the government approval for a genuine

MLM then the sky is the limit.

 Job agencies for skilled labours – Almost all job agencies in

Dubai are focusing on jobs for professionals.

 Franchise businesses– There is a huge market for

franchises.

 Childcare business – as many young couples are working

there is lack of childcare facilities.So there is a niche business opportunity for someone who wants to start a business in

Dubai.

Nursing Jobs in Dubai --There is an abundance of jobs for nurse at facilities like corporate offices, hospitals, wellness centers, and

other medical institutions which are world-class in terms of technology and level of care.

nursing jobs available in Dubai- Staff nurses

- Emergency room nurses- Intensive care or critical care nurses

- Pediatric nurses- Dental care nurses

- Nursing directors and assistant directors for various hospital departments

-school nurses and company nurses.

-traveling nurses, or nurses who are hired on a temporary basis

-private nurse or caregiver to someone who needs personal nursing care.

Moving on to dubaiMichael Campbell is a 26 year old journalist working in Dubai. Originally from New Zealand he was

recruited straight from college.

He says it was too good an opportunity to miss. “I was keen to get out of New Zealand to gain some international experience and exposure. I had previously considered Dubai as an option because I did not know too much about it and what I did know sounded quite exotic. So when the opportunity came

up, I went for it. Oh yeah and there is no income tax here, that probably influenced my decision a little”

Michael firmly believes that working in Dubai will give him a head start in his career. “The opportunity Dubai offers is like none other. Because it is still a developing economy, in the middle of a boom,

there are not enough people to fill the jobs. People with little experience can come to Dubai and walk straight into a job that would normally require a lot more experience. That’s not saying standards aren’t high, they are: it’s very cut throat. If you don’t perform you’ll soon know about it but I think

people here are given more of a chance to prove themselves. It is commonly known in many industries that experience in Dubai is worth double what it is anywhere else” Again like almost

everybody else working in Dubai Michael cites the lifestyle as one of the best things about the place.

So would he recommend Dubai as somewhere to live and work? “Definitely, it’s exciting, exotic and new”

26 year old Sarah Doran is a structural engineer. She says she fell in love with Dubai while on secondment and did not want to return home. “The company I worked for in Dublin transferred me out here for a short three month secondment – I loved it from the minute I arrived and desperately wanted to stay. So then my company moved me full time to here. I wanted to stay because I had

made such great friends and the weather is fab.”

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• Aerospace & Defence –• Dubai Aerospace Enterprise (DAE) - $15 billion • investment over 10 years• Investment in: aircraft leasing, training, manufacturing, • finance, maintenance repair & overhaul (MRO), space• University of Cranfield – Aerospace Institute in Dubai• Expansion of:

• Dubai International • Dubai World Central Airport

Opportunities

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DUBAI: CITY IMAGES

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DUBAI

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Why Dubai?

• No-Tax policy.• Free Zones for businesses.• Tourist destination• International business centre• Leading regional trading hub in the Middle East• Regional office location• Dubai's location makes it unique in its international

connectivity and access.• Unemployment rate is 2.4% (2001)

Why Dubai? Cont.• Aside from the economic advantages of using Dubai as a

business base, international businessmen can be assured that the city offers a superb quality of life for themselves and their families.

• Dubai is tolerant, welcoming and virtually crime-free. • The lifestyle is international, with luxury residential and office

accommodation, good educational, health and shopping facilities.

• Sporting and leisure interests are well catered for and Dubai's top class international hotels offer a wide range of dining, entertainment and nightlife.

Key point about Dubai

• Easy access to regional market• Consistently strong economic outlook• Best economic environment• Well connected location• Thriving tourist destination• Safe and stable base for business

Leading brands currently in DIC

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DUBAI FACTS & FIGURES

• Dubai Emirate: The second largest of the seven Emirates that make up the United Arab Emirates

• Located on the southern shore of the Arabian Gulf• Dubai City is a bustling metropolis• International business hub; HQ for most major multinationals and

international financial institutions • Current population approx. 1.67 million, set to increase to 3.5

million by 2010• About 50% of population is under the age of 20• Economic system: The UAE is one of the world's wealthiest countries, with

a GDP of US $54 billion (2000), and has the third-largest proven oil reserves in the world. While oil and gas production form its foundation, Dubai is increasingly broadening its economic activity to include: real estate, tourism, trading and manufacturing.

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DUBAI FACTS & FIGURES

• Expatriates make up about 80% of the population

• Dubai’s official religion is Islam• Muslims make up about half the population• Conservative, but very tolerant society• Outside the city, the Emirate consists of desert

and is sparsely inhabited