Skip to main content

Why is Dubai so wealthy?



Dubai as a city is not as wealthy as, let's say New York or London. It seems very wealthy, because the city's PR agency does a great job in marketing it as the wealthiest place. Abu Dhabi is actually the richest city in the world. Dubai has no oil left, only 2% of its GDP is based on oil. Everything else is trade, tourism, finance, entertainment and nowadays real estate and health care.

The native population of Dubai is so low in number that if the government distributed the wealth of the city, it would be enough to make everyone very rich. Despite being a wealthy city, Dubai is also in debt because during a real estate boom, the city borrowed loads of cash from banks and private funds.

 Dubai is a perfect example of a well curated capitalism. Yes, there are many wealthy families, but their wealth is far less compared to those families in Abu Dhabi let's say. 

Since the local population of Dubai lives a good life, mostly because they are either supported by their rich relatives or government, the general scene of Dubai is wealthy. 

The Ruler of Dubai is an amazing person and he is very progressive. He is not afraid to do things others would not even dare, hence his actions draw interest from foreign investors. When money pours business grows. Also, due to Dubai's lenient financial regulations many foreign wealthy people prefer to invest here or simply park their money, similar to Switzerland. 

Dubai has a potential to be a very rich city on a global scale, and I hope this happens in near future because it deserves it.

Comments

Post a Comment

Popular posts from this blog

THE IGNORANCE OF FASTING TODAY. In literary terms fasting can be defined as the abstinence of food for the attainment of spiritual edification. Lately, I got an insight that restructured my mindset towards this subject. During fasting, the pathway to your soul is open and ready for rejuvenation; Hence some folks contact strange spirits, sickness and mental disorder right there at the mountain of intercession. Praying and fasting is never the  sole patent of Born again Christians as everyone thought ; Even Occultic/mystic practitioners, Hindus, Buddhist and African traditional worshipers such as native doctors, rain makers, etc undergo fasting before embarking on heavy  incantations. Those in the business of Astral or soul traveling can decode what I'm saying. The two doors that opens to the soul during fasting includes: 1.Realm of divinity 2.Realm of premortal  darkness. When fasting is done in consonance with the principles of God, one plunges into the re...
Post a Comment
Read more
JOB VACANCY A private Primary School in a busy area of Enugu is seeking  well-qualified applicants with proven records of success for the vacant position below: *POSITION*: Primary Class Teacher Location: *Enugu* *REQUIREMENTS* * Candidate must have a first degree; NCE/B.Ed/ B.A * 3-5 years teaching experience; knowledge of Montessori Philosophy would be an advantage. * Should be available to resume January 2018. * Must reside in Achara Layout or Zik Avenue Axis * Ability to multi-task effectively, good organization and coordination skills, excellent interpersonal and communication skills. *METHOD OF APPLICATION* Interested and qualified candidates should send a letter of application and Curriculum Vitae (CV) by 9th January, 2018 to debillbusinessclinic@gmail.com NOTE: Only candidates that supply full details and meet all the criteria requested will be short-listed for interview. ------------------------------------------------------- A Catholic Newspaper in...
Post a Comment
Read more
How to turn your smartphone into a remote control easily Jan 4, 2018 1:13 PM To this day, there are just a few things that we can not do with our smartphones. From playing content of any kind, whether videos, images or sounds, to controlling the appliances in our house. One of the most interesting functions that integrate most devices (although increasingly in smaller amounts) is the  remote control  feature. Thanks to this, we can make use of our devices as if it were a remote , with all that entails. Today we will teach you how to turn your  smartphone into a remote control  easily and without having to resort to  rooting  your smartphone. For clarity, this guide is aimed at those users whose smartphone  does not have such remote functionality . If your device has this function, you will only have to resort to the application of the corresponding manufacturer to make use of it. Get a remote control for les...
Post a Comment
Read more