Dubai: The Evolution of a Visionary Global Hub
DUBAI, yes Dubai the most prominent city of the Global Village. Whenever we hear that word the image that comes to our mind. The land of huge, tall, and state-of-the-art designed skyscrapers, manmade islands, beaches, and the city of gold. Dubai is also called the “City of Gold” because a large part of its economy comes from trading gold. It is the capital of the Emirates of Dubai and also the most populated city of it. Dubai is a very famous well renowned city of the Global Village.
From Fishing Village to Global Village’s Nexus
Dubai was established during the 18th century as a fishing village. In the 20th century, it evolved into Global Village`s hub for global transport, passenger-cargo, trade, business, technology, and luxury lifestyles. All the giant financial firms of the Global Village run their businesses from Dubai.
A Luxurious Oasis of the 21st Century
In the 21st century, Dubai gained renown as a city of tourism, boasting a luxurious lifestyle and hosting the world’s second-highest number of five-star hotels. The whole world acknowledged that the Burj Al Khalifa is the tallest building, standing at a height of 828 meters. In a true sense, the Visionary, brave, bold leadership of Dubai and revenue from oil, accelerated the advancement of the city.
The Free Trade Zone Phenomenon
Dubai’s leadership decided to make the economy strong by initiating and establishing several free trade zones like The Jebel Ali to attract industrial investors, car manufacturers, aluminum smelting, and cement production. These free trading zones allow Multinational companies to operate from Dubai without local partners. This idea has phenomenal success as it attracts Europeans, North Americans, and even more than six thousand companies from all over the Global Village.
Infrastructure and Financial Prowess
Visionary leadership invests a significant share of its GDP to develop the infrastructure of the city. The Dubai International Financial Center after opening in 2006 owns independent legal jurisdiction sets aside the UAE constitution and operates on a separate commercial and civil framework based on English common law. It helps companies who want to establish themselves in the Middle East.
Bridging Time Zones and Emerging Stronger
Dubai’s geographical location plays a role as a bridge between the time zones of major financial hubs in East Asia and Europe. In 2009 after the crash of the real estate and financial sector Abu Dhabi helped Dubai from defaulting by providing a loan of 10 billion dollars for its obligations.
PALM JUMEIRAH DUBAI
Dubai’s Ambitious Offshore Oasis
Palm Jumeirah stands as a humanly created offshore island in Dubai. The government of Dubai launched an ambitious project that encompassed all the innovation and luxury for the creation of Palm Jumeirah, which is now the city’s most popular and incredibly expensive attraction.
An Oasis Born from Imagination and Engineering
Years of research and the work of Dubai’s brightest minds went into creating the paradise. Which was created using real rocks sand and trees to make it feel like a tropical island. That is the site for hotels and private residences. The luxury hotels, seaside apartments, beachfront villas, the famed island, and its many features attract millions of tourists every year.
The Elements that Define Palm Jumeirah
From space, it resembles a stylized palm tree within a circle. In the early 21st century, Dubai financed its construction through income from its oil products. People know the main parts of Palm Jumeirah as the Crescent, Trunk, fronds, and spine. An American architectural firm, Helman Hurley Charvat Peacock, proposed its master plan, and a real estate company, Nakheel, developed it.
A Journey from Inception to Reality
Its construction and development work started in 2001 and the first residents shifted in 2007. In Pam Jumeirah’s 21st century`s second decade, more than 10,000 people lived.
A Pioneer of Innovation with a Legacy
Palm Jumeirah was the first, of other similar projects which completed, and others remain under development due to the economic crisis. We can say that Dubai is the most prominent city in the Global Village.