Dubai's economy is strong and fast growing, mainly because of tourism and petroleum. Altought the petroleum industry is now stable, and may soon start to decline, more and more individuals are visiting this small and fancy Emirate. That is why, for more then ten years now, Dubai as experienced an unpresedented economic boom.
But people are not only visiting Dubai. Many rich strangers are also moving to Dubai, a fiscal paradise. They are buying properties, most of them of ultramodern style and design. That's why the Dubai Realestate industry is almost experiencing saturation. New residential buildings are growing like mushrooms, just to cope with the actual demand.
Shopping is also driving the economy, since Dubai is well know place to find and buy, for a good price, all kinds of luxury products.
The Banking industry is also very attractive, and Dubai's fiscality is seducing many rich individuals or corporations to establish themselves in the Emirate, thus creating more wealth and exciting investment opportunities.
Dubai entertainment industry is well known. Everybody knows of the interior skying facility, but Dubai has many other assets, like ultra modern cinemas or amusement parks. Many are curently under fast development. The Goverment is strongly encouraging investments in this sector, in part to make Dubai more attractive to families, and not only to couples or wealthy individuals.
The Dubai Financial Market is a second market for trading securities and bonds. It's market capitalization is now suprassing 87 billions USD, and still growing. This second market was founded in 2000. There is now Dubai stock exchange.
The currency used in Dubai is the UAE dirham. You can now have around 3,65 dirhams for one US dollar.