English introduction about Dubai

Dubai (/Du? Ba? /doo-by； Arabic: Dubayy, Gulf Pronunciation: [D? B j]) is the most populous city in the United Arab Emirates (UAE). Located on the southeast coast of the Persian Gulf, it is one of the seven Emirates that make up this country. Abu Dhabi and Dubai are the only Emirates that have veto power over state affairs in the national legislature. Located on the northern coastline of the Emirates, Dubai is the leader of Dubai-Sharjah-Ajman metropolitan area. Dubai will host the 2020 World Expo.

Dubai has become a global city and commercial center in the Middle East. It is also the main transportation hub for passenger and freight transportation. By AD 1960, Dubai's economy was based on trade income, followed by oil exploration concessions, but oil was not discovered until AD 1966. The first inflow of oil income was at 1969. Dubai's oil revenue helped accelerate the city's early development, but its reserves are limited and its production level is low: today, less than 5% of the emirate's income comes from oil. The emirate's western-style business model promotes its economy, and its main income now comes from tourism, aviation, real estate and financial services. Dubai has recently attracted the attention of the world through many innovative large-scale construction projects and sports events. The city has become a symbol of its skyscrapers and high-rise buildings, especially the tallest building in the world, Burj Dubai. Dubai has been criticized for violating the human rights of a large number of South Asian workers in the city. After the financial crisis in 2007-2008, Dubai's real estate market experienced a serious deterioration in 2008-2009, but the emirate's economy has resumed growth, and it is expected that there will be a budget surplus of 20 15 years.

As of 20 12, Dubai is the 22nd most expensive city in the world and the most expensive city in the Middle East. In 20 14, the hotel rooms in Dubai were rated as the second most expensive in the world, second only to Geneva. Dubai was rated as one of the most livable places in the Middle East by Mercer, an American global consulting company.