Every time we talk about a city without the poor, we are not wrong to believe that the first response is Dubai. The introduction is indeed Dubai, which consists of one of the seven United Arab Emirates and has an irreplaceable position in the hearts of residents.
In the eyes of the world's tourists, Dubai is a tycoon city where residents live happily amidst beautiful scenery. No doubt, it is a tourist city where the per capita income has exceeded 1.4 million yuan, making the housing prices very high - the cheapest being 550,000 per square meter. This may also be the height that ordinary people can never reach in their lifetime.
Dubai is a very small city, yet every inch of land is a country in itself. However, compared to the degree of wealth of the locals, an inch of land is unable to describe it.
Dubai locals rarely experience poverty, and the standard of living of people here is incomparable to other countries. Not only is the tourism industry well developed, but it is also a major transportation route, occupying a unique global location.
It has always been the focus of the globally wealthy city, and tourists who come here are shocked by the standard of living of the local ordinary residents. Tourists who want to live in the local area long-term need to spend a lot of money.
Dubai's Palm Island has a large number of villas and beaches, which resembles an artificial island, built at a total cost of $14 billion, all built with sand and rocks, coming here to enjoy the beauty of the sun and sand, and the blue water attracts the eyes of tourists.
Every year, it receives many tourists and is called the eighth wonder of the world because it is so beautiful. Palm Island can also see many rare creatures, allowing visitors to increase their knowledge.
An interesting and rare phenomenon in the world is the "United Nationalization" of Dubai. Foreigners from more than 200 countries and regions live here and make up more than 85% of Dubai's population.
Although these foreigners are overwhelmingly superior in numbers and take up most of the jobs, Dubai does not reject and program foreigners as some countries do but rather welcomes them. After all, foreigners are the main workforce in Dubai.
Most locals work in the government sector, and without a high percentage of the foreign population in Dubai, a large number of jobs would be vacant and all the facilities and services in Dubai would be nearly paralyzed. Because of this, not as many people buy homes in Dubai as they rent them, and the local rental market is booming.
In Dubai, trade is the number one economic pillar, followed by logistics, finance, and tourism in that order. The Jebel Ali Free Trade Zone (JAFZA) is representative of Dubai's trade characteristics. It is the most important of the more than 10 FTAs spread across the UAE and the largest in the Middle East.
During a visit to the 15th Global Cityscape Dubai in 2016, Sheikh Mohammed, Ruler of Dubai, said that real estate is the engine of the economy, the backbone of development, and the absorber of foreign investment.
Dubai, and Deira, which crosses over Dubai Creek, has become an important port of commerce for Western manufacturers. Many of the city's financial centres were located in the port area, which became an important trading centre in the 1970s and 1980s.
The Dubai metropolitan area allowed free trade in gold until the 1990s when restrictions on gold imports from India made Dubai a location for smuggling gold to India.
