Dubai

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Dubai
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History

• Location south-east Arabian peninsula
• Ancient swamp (7,000 years ago)
• Covered with sand (5,000 years ago)
• 19th century, clan established Dubai
• Protected by the U.K. from attacks by the
  Ottomans
• 1971 formed the United Arab Emirates with five
  other emirates. Grew from oil and trade
• Persian Gulf War of 1990 foreign trading
  communities moved businesses to Dubai

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Facts

• Official Language Arabic
• Official state-religion Islam
• Ruled by the Al Maktoum Family
• Area 4,114 sq. km
• Population 1.204 million (Year 2005)
• Cosmopolitan city with 120 nationalities

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Economy

• Although economy once built on oil industry,
  revenues only account for lt 6
• 240,000 barrels of oil a day
• TOURISTS
• Service industries IT and Finance
• EMC Corp., Oracle, Microsoft, IBM, MBC, CNN,
  Reuters, AP
• Dubai Financial Market (est. 2000)
• Open, transparent market
• First class infrastructure
• Pro-business government policies
• Free zones

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Real Estate

• 2004-2006 Sizable property appreciation
• Large scale development projects
• Some of the tallest skyscrapers in the world,
  including Emirates Towers Palm Islands, Burj
  Al Arab.
• Human Rights Watch terrible living conditions
  for workers, prostitution.

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Tourism Development

• 6.16 million visitors in 2005
• Target 15 million
• visitors in 2010
• 70 hotels in 1990
• 290 hotels 130 hotel
• apartments in 2005
• Project to add another
• 100,000 hotel rooms by 2010
• Average occupancy 95
• Average length of stay 2.8 days
• 15.2 million guest nights

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The Palm Islands

• Largest artificial islands in the world.
• Nakheel Properties
• Islands Palm Jumeirah, Palm Jebel Ali, Palm
  Deira
• Each island in the shape of a palm tree
• Over 100 luxury hotels, exclusive residential
  beach side villas and apartments, marinas, water
  theme parks, restaurants, shopping malls, sports
  facilities, and health spas.
• All three under construction (10-15 yr.
  completion date)

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Palm Jumeirah

• 5 X 5 kilometers
• Golden Mile
• Add 78 km. to coastline
• 4,000 residences
• Atlantis, The Palm
• Transit system

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Atlantis, The Palm
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Palm, Jebel Ali

• Began const. Oct. 2002. Almost complete.
• 50 larger than Palm Jumeriah.
• First buildings set to open in late 2010.

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The Palm, Deira

• Announced for development in Oct. 2004.
• Will be the worlds largest man-made island.
• Will be finished by 2015.
• 10 x larger than Palm Jumeriah.

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The World Islands

• Man-made archipelago of 300 islands constructed
  in the shape of a world map.
• Built using sand dredged from the sea.
• Nakheel Properties
• 9 km. in length X 6 km. in width surrounded by an
  oval breakwater.
• Cost of project 14 billion.
• Each individual island for sale 15-50 million
  USD
• One island for sale at 250 million USD
• Project started May 6, 2003. First phase
  complete Jan. 10, 2008. January 2008, 60 of
  islands sold.
• Islands now handed over to their developers.

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Burj Dubai
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Burj Dubai Dubai Tower

• Tallest man-made structure in the world
• Located at First Interchange
• Architect Adrian Smith
• Skidmore, Owings, and Merrill
• Primary builder Samsung Engineering
  Construction
• Budget 4.1 billion USD
• Downtown Dubai budget 20 billion USD

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December 2007
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Burj Dubai Milestones

• On February 5, 2008, height 604.9 meters (1,985
  feet), with 159 completed floors
• Feb. 2007 surpassed the Sears Tower as the
  building with the most floors.
• May 13, 2007 sets record for vertical concrete
  pumping on any building
• July 21, 2007 becomes tallest building on earth
  surpassing Taipei 101 which stands at 509.2
  meters (1,671 feet)
• Sept. 12, 207 worlds tallest freestanding
  sturcutre, surpassing the CN Tower in Toronto.
• Dec. 10, 2007 steel construction beings no more
  concrete

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