Dubai is not rich because of oil. What is the secret about the rise of Dubai?

When it comes to the United Arab Emirates, very few people may know about it, but when it comes to Dubai, it can be said that everyone knows it. A country where wealthy people can be thought of when mentioning the word Dubai. , but it is not a country, it is the most populous city in the United Arab Emirates. There are countless luxury cars and luxury goods on the streets of Dubai. I once thought it was a country that relies on oil to support its families. However, it is not the case. Dubai’s oil revenue only accounts for 6. The real economic pillars are import and export trade and port freight. , tourism and other industries.

The reason why Dubai can rise so quickly is not only related to the oil it possesses, but oil does provide convenient conditions for its rise and helps promote the city's economic development. The most important thing is the geographical location of the city of Dubai. It is located near the Persian Gulf and is a very important trading port for European manufacturers. More and more people are coming to the city of Dubai to look for ways to make a fortune, which makes Dubai the city with the largest population in the United Arab Emirates.

As a port and trading city, Dubai has attracted more and more tourists here. At the same time, its vigorous investment promotion has attracted wealthy people from many countries to come to Dubai to find projects suitable for their own development, and high-rise buildings are gradually being built. At the same time, the Dubai government discovered business opportunities and announced that non-residents could purchase real estate in Dubai with 99-year property rights, which led to a large number of immigrants moving to Dubai and greatly stimulating Dubai's economy. It is said that even Iran's investment has exceeded 200 billion US dollars, not to mention the investment from tycoons from other countries.

I think the reason for the rise of the city of Dubai is not only the superior geographical location, but also the government’s policy of assessing the situation and choosing the development method that is most suitable for this city.