How rich is Dubai? Why is it called gold everywhere?

Dubai, a prosperous city located in the United Arab Emirates, is the financial, economic and tourism center of the Middle East. It is known as the land of gold, mainly because of its affluent economy and lavish lifestyle. Here are several reasons:

1. Oil resources: Dubai's economic development mainly benefits from its abundant oil resources. Since the discovery of oil in the 1960s, oil revenue has brought tremendous wealth to Dubai. Although oil resources are not inexhaustible, Dubai has gradually diversified its economy and reduced its dependence on oil.

2. Trade and finance: Dubai is an important international trade and financial center. Its strategic location connects the three continents of Asia, Europe and Africa, making it an important hub for global trade. In addition, Dubai is home to many large businesses and financial institutions, attracting large amounts of foreign investment.

3. Tourism: Dubai’s tourism industry is very developed and attracts a large number of tourists every year. Its iconic buildings, such as Burj Khalifa, Burj Al Arab and The Dubai Mall, are popular tourist attractions for tourists. In addition, Dubai also hosts many large-scale events, such as the Dubai Shopping Festival and the Dubai World Cup, which further promote the development of tourism.

4. Infrastructure construction: Dubai has many luxurious buildings and infrastructure, such as luxury hotels, shopping malls and golf courses. These facilities have attracted a large number of foreign investors and tourists, further stimulating the prosperity of Dubai's economy.

While Dubai has a high concentration of wealth, not all residents enjoy the same affluence. In fact, income inequality and social problems also exist in Dubai. Overall, however, Dubai's affluence and lavish lifestyle earn it the title of gold everywhere.