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The Department of Economic Development (DED) of the Emirate of Dubai is a government body entrusted to set and drive Dubai's economic agenda within the broader governance systems of the United Arab Emirates. The DED and its agencies develop economic plans and policies, identify and support strategic sectors, and provide services to domestic and ...
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment.
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel ), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [1] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
Dubai Economic Council (Arabic: مجلس دبي الاقتصادي) is a think tank and policy-making advisory body specialising on the economy of Dubai. It is affiliated with the Government of Dubai .
The Dubai International Financial Centre ( DIFC) is a special economic zone in Dubai covering 110 ha (272 acres), established in 2004 as a financial hub for companies operating throughout the Middle East, Africa, and South Asia (MEASA) markets. DIFC is regulated by the Dubai Financial Services Authority, an independent regulator exclusive to ...
Mohammed has overseen the creation and growth of a number of businesses and economic assets of Dubai, with a number held by two companies under his ownership, Dubai World and Dubai Holding. According to the laws of Dubai, the ruling family owns all undeveloped land in Dubai, which has allowed the family to prosper from real estate development.
The Government of Dubai ( Arabic: حكومة دبي) is the subnational authority that governs the Emirate of Dubai, one of the seven constituent monarchies which make up the United Arab Emirates. The executive authority and head of the government is the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. The Ruler of Dubai appoints the ...
Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. Dubai's real estate market has experienced growth and transformation, driven by the city's rapid economic development, strategic location, and urban planning. Real estate is a driver of Dubai's economy.