What made Dubai so rich? Dubai is a uniquely affluent emirate because it isnt dependant on selling oil to thrive. Its diverse economy is based around trade, transportation, technology, tourism and finance. With the worlds busiest international passenger traffic, Dubai has become the gateway to the East.
Why is Dubai a rich country?
The UAE is the third-richest country in the world, below Luxembourg at number two and Qatar at number one, with a GDP per capita of $57,744. The bulk of its money comes from the production of goods and provision of services related to petroleum, petrochemicals, aluminium and cement.
How does Dubai make most of its money?
Dubai continued to become a dynamic and diversified economy with revenue generated through different streams. Most of the citys GDP is non-oil based, contrary to the popular belief. The majority of its money comes from the production of goods, provision of services and Tourism.
Why is Dubai so developed?
But the cornerstone of Dubais economy isnt oil, its logistics: getting people and materials into a city that not long ago was just overheated expanse of desert. Last week, Dubais ruler Mohammed bin Rashid Al Maktoum endorsed a $32 billion influx of money to start building the worlds largest travel hub.