Dubai "Extravagant and over-the-top, and we're loving it!"

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Main Facts

Economy of Dubai
GDP was Dirhams198 billion (USD 50 billion) in 2007, non oil exports represented 94% of trade, 11% average growth expected for the next 8 years.

Trade in Dubai
Oil & natural gas 6%
Real estate & construction 30%
Trade 16%
Entrepot 15% (container traffic & transport by dhow)
Financial services 11%
Tourism 15%
Others 7%
Local trade comprises mainly; aluminium smelting, dry docking, heavy cables
Tourism
The hospitality industry’s target for 2015 is 100,000 hotel rooms and 15 million visitors per year allowing for 85% occupancy.
Currently Dubai airport handles 725 flights per day with an expected 10% annual increase. Passenger volumes, 34 million in 2007, are expected to rise by 19% in 2008.

Political Facts Dubai
Government is a constitutional monarchy with the Emir, Sheikh Mohammed bin Rashid Al Maktoum, as the constitutional head