Saturday 27 April 2019

ECONOMY OF DUBAI



 ECONOMY OF DUBAI

Dubai is one of the seven states of UAE it is nearby Persian gulf or Arabian gulf

Dubai  population is more than other 6 states

Dubai founded on on early 19th century Dubai celebrates Independence Day on 2nd December till 1960 there was nothing in Dubai which can be considered as tourist spot Dubai is a a commercial centre right from the start

Dubai sales oil on imposing 55 to 85% tax on it 6% ofDubai's economy is based on oil

Other income comes from real estate and tourism

Dubai is home of of man made aquarium hotel restaurant

Dubai attractive place for the people tourist come here every year Dubai earns lot of revenue

Dubai has world's second largest mall in the world this Mall is also called as shopping centre of the East everybody wants to go to and visit this Mall whenever he visit Dubai

Bhuj Al Arab is also present here which is world's largest 7 star hotel
One day rent is approximately 30 lacs it is world's costliest hotel

There is underground aquarium and hotel which also attack tourist and one of the costliest hotel

Dubai earns lot of revenue from its tourist places

Whenever a person commits any mistake there is lot of fine which is imposed and from that government earns lot of money and this penalty goes to the government treasury there are lot of people who like to purchase new big car whenever anybody is not following traffic rules then also there is heavy penalty which also goes to the government treasury


There is very big gold market in Dubai

At any point of time you will get more than 10 tons of gold in the 

Government do not ask for taxes so there are many sources by which you can become a rich person

Taxes are collected in the purchase of material and different items

If you want to start business in Dubai have to pay 20% taxes

Indirect tax is also measure tax and which contributes 10% this tax is to be given at malls and hotels government earns in Dubai by by road way toll and highway toll

Dubai also earns lot of money from international airports

Dubai economy 1/4th that is 25% comes only from the big airports


There are two ports in Dubai from there also Dubai on short of money
Maximum trading and commerce happen in Dubai by sea routes only


Lot of real estate infrastructure and buildings are happening here was 25% cranes are here in Dubai


Because of good manpower and intelligent people and technology Dubai could build world's largest buildings which also has world's fastest lift and such buildings can be seen from 90 kilometres also by 2020 e Dubai will manufacture again one of the world's biggest building called the word of cric herbal

In Dubai investor visa also manufacturing rotating buildings
The power required for the rotating building will be generated from building only and it will be 4 times higher than which is required for the rotating building

Government is going to form temperature control City 

Even after lot of heat and rise in temperature to people can enjoy lot of things like water park, ice park  and other amusement park



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