It all started in 1833 when a little less then 1000 people of a tribe called the Bani Yas, with the Maktoum Family in charge, decided to settle in the area, which was a natural harbor and soon become called Dubai. Not a long time passed when it became the main port, which conducted sea trade, along with fishing and also pearling.
By the beginning of the XXth century, Dubai becomes known as the largest trade center on the coast because of its worldwide known souk located in Deira, which amounted more than three hundred shops and the constant flow of buyers and traders. The city grew, and in the 1930s there lived around twenty thousand people, 25% of which were expatriates.
A few dozen years later the port became so busy and popular that it led to the cracking of the creek. The wise ruler of Dubai at that time, His Highness Sheikh Rashid bin Saeed Al Maktoum, ordered to dredge the waterway. As the result, it strengthened the cargo handling in the city, as well as, in general, its position on the trade market.
In 1966 the discovery of the oil happened, which Sheikh Rashid used for the benefit of his city as well. He invested all the money coming from the oil sales in the development of Dubai infrastructure. Right in front of everyone’s eyes roads, schools, new port, super modern airport runway, skyscrapers, as well as biggest in the history harbor created by humans, with a free trade zone surrounding it, appeared in Dubai. The pace of building all of those was unbelievably high.
You may ask, “What is Dubai’s formula of success?” There are few components of it. First of all, it includes low import fares and no tax for personal and corporate income. Secondly, it is the application of high-quality technologies for infrastructure development; thirdly – best possible conditions for expatriates. With that being said, Dubai quickly became the main business and touristic hub in its area.
In 1971 Sheiks of Dubai and Abu Dhabi united seven emirates, which also included Sharjah, Fujairah, Umm Al Quwain, Ajman, and, a year later, Ras Al Khaimah into the state now known as the United Arab Emirates. Soon Sheikh Zayed was chosen as a president of the newly originated country. Under his ruling, UAE became one of the richest countries in the world, as well as one of the safest.
It seems like Dubai never fails and accomplishes all its aims. Likewise, from the 1980s and till the beginning of 1990s it was decided to turn the city into a desirable place for international tourism. As you may have guessed, all the money invested paid off shortly.
Today, Dubai is the city that has it all: remarkable beaches, futuristic architecture, historical buildings, impeccable hospitality, high-end entertainment and favorable business conditions. It has the only hotel in the world with a seven-star rating, named Burj Al Arab. It also holds numerous sporting events, like professional Golf Association tour, the tennis tournament named Dubai Open, as well as the Dubai World Cup in the derby.