Formerly a fishing village in the middle east, it is one of the best business places in the world today. Abu Dhabi may be the richest city in the world, but Dubai is at the forefront of the “free market of free markets.” No, it is not the only oil business that this global city relies on. Oil savings here cost less than 5% of the emirates’ GDP. Every business that goes on in Dubai, every Dubai housing company, has a role to play in the growth of the city.
Free conversion concept
The conducive infrastructure that Shakes Rashid had been planning for the city has now begun to take over the concrete construction. Slowly but steadily, it has benefited the city’s economy, making it very special after investing in foreign businesses. Since October 2019, Dubai has shown a positive outlook for businesses in various industries. Each new Dubai-based company has gone to other start-up businesses, the city has made it easy to do business here with its free ideas. The many benefits of customization, tax cuts, and unlimited business ownership to foreigners all make it popular freezones for entrepreneurs from all over.
Fat is a flourishing business and not a survival
Abu Dhabi had already touched on its oil wells before Dubai. Sheikh Rashid has decided that as the oil reserves are low, a plan for the city to be developed as a tourism-focused infrastructure is born. With its strategic location, it has grown and become a gateway to countries in the Middle East.
Tourism as a pillar
Dubai recorded more than 16 million visitors in 2018 alone. These visitors have an important role to play in the growth of Dubai’s infrastructure projects and the economy as a whole. There are dozens of supermarkets built here. The city has become a modern tourist destination.
Real estate
Whether it is a Dubai-based business or housing company that started small and made it big. With so many foreigners working here, many buyers also buy properties. This also adds to the city’s economy.