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Dubai Dubai is the most populous city in the United Arab Emirates(UAE).[3] It is located on the southeast coast of the Persian Gulf and is the capital of the Emirate of Dubai, one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature.[4] The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020. Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s, Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969.[7] Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil.[8] The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce.[12] Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08,but the emirate's economy has made a return to growth, with a projected 2015 budget surplus. As of 2012, Dubai is the 22nd most expensive city in the world and the most expensive city in the Middle East. In 2014, Dubai's hotel rooms were rated as the second most expensive in the world, after Geneva. Dubai was rated as one of the best places to live in the Middle East by U.S. global consulting firm Mercer. History Although stone tools have been found at many archaeological sites, little is known about the UAE's early inhabitants as only a few settlements have been found.] Many ancient towns in the area were trading centres between the Eastern and Western worlds. The remnants of an ancient mangrove swamp, dated at 7000 BC, were discovered during the construction of sewer lines near Dubai Internet City. The area was covered with sand about 5,000 years ago as the coast retreated inland, becoming part of the city's present coastline. Pre-Islamic ceramics have been found from the 3rd and 4th centuries. Prior to the introduction of Islam to the area, the people in this region worshiped Bajir After the spread of Islam in the region, the Umayyad Caliph of the eastern Islamic world invaded south-east Arabia and drove out the Sassanians. Excavations by the Dubai Museum in the region of Al-Jumayra (Jumeirah) found several artefacts from the Umayyad period. Oil era After years of exploration following large finds in neighbouring Abu Dhabi, oil was eventually discovered in territorial waters off Dubai in 1966, albeit in far smaller quantities. The first field was named 'Fateh' or 'good fortune'. This led the emirate to grant concessions to international oil companies, thus leading to a massive influx of foreign workers, mainly Asians and Middle easterners. Between 1968 and 1975 the city's population grew by over 300%. As part of the infrastructure for pumping and transporting oil from the Fateh field, located offshore of the Jebel Ali area of Dubai, a number of 50,000 gallon storage tanks were built, known locally as 'Kazzans', by welding them together on the beach and then digging them out and floating them to drop onto the seabed at the Fateh field. These were constructed by the Chicago Bridge and Iron Company, which gave the beach its local name (Chicago Beach) until the Chicago Beach Hotel was demolished and replaced by the Jumeirah Beach Hotel in the late nineties. Dubai had already embarked on a period of infrastructural development and expansion. Oil revenue, flowing from 1969 onwards supported a period of growth with Sheikh Rashid embarking on a policy of building infrastructure and a diversified trading economy before the emirate's limited reserves were depleted. Oil accounted for 24% of GDP in 1990, but had reduced to 7% of GDP by 2004. Critically, one of the first major projects Sheikh . Other Video Of My Channel: Top 3 Traveling Place In The World https://youtube.com/watch?v=JyppLwk9hCM For More Video Please.........Subscribe Don't Forget To Share................With Your Friends Like Us: https://facebook.com/travelingallaroundtheworld/ iMovie, dubai, my dubai life, dubai lifestyle, dubai life, my dubai, mo vlogs, movlogs, mo blogs, mo blog, my dubai lifestyle only in, top 10, United Arab Emirates (Country)