| Dubai's gross domestic product as of 2006 was | | | | Q4 2006, its trading volume stood at about 400 |
| US$46 billion. Although Dubai's economy was built | | | | billion shares worth US$ 95 billion. The DFM had a |
| on the back of the oil industry, revenues from oil | | | | market capitalization of about US$ 87 billion. The |
| and natural gas currently account for less than | | | | government's decision to diversify from a |
| 3% of the emirate's revenues. | | | | trade-based but oil-reliant economy to one that is |
| It is estimated that Dubai produces 240,000 | | | | service and tourism-oriented has made real estate |
| barrels of oil a day and substantial quantities of | | | | more valuable, resulting in the property |
| gas from offshore fields. The emirate's share in | | | | appreciation from 2004–2006. Large scale |
| UAE's gas revenues is about 2%. Dubai's oil | | | | real estate development projects, undertaken by |
| reserves have diminished significantly and are | | | | firms such as Emaarskyscrapers in the world such |
| expected to be exhausted in 20 years. Historically, | | | | as the Emirates Towers, the Pentominium and |
| Dubai and its twin across the Dubai creek, Deira | | | | the world's tallest hotel, the Burj Al Arab. As of |
| (independent of Dubai City at that time), became | | | | July 2007, Burj Dubai -also being constructed by |
| important ports of call for Western | | | | Emaar Properties- is already the world's tallest |
| manufacturers. Most of the new city's banking | | | | structure and is expected to be taller by several |
| and financial centres were headquartered in the | | | | hundred feet, once construction is complete. |
| port area. Dubai maintained its importance as a | | | | Properties, have led to the construction of some |
| trade route through the 1970s and 1980s. The | | | | of the tallest Recently, the Land Department set |
| city of Dubai has a free trade in gold and until the | | | | up the Real Estate Regulatory Authority (RERA) |
| 1990s was the hub of a "brisk smuggling trade" of | | | | to regulate developers and safeguard consumers |
| gold ingots to India, where gold import was | | | | from errant parties. All developers are required to |
| restricted. Dubai is an important tourist destination | | | | register with the RERA, provide documents and |
| and its port, Jebel Ali, constructed in the 1970s, | | | | verifiable facts about their properties, and setup |
| has the largest man-made harbor in the world. | | | | escrow accounts to protect consumers' money. |
| Dubai is also increasingly developing as a hub for | | | | KM Properties, a member of KM Holding, was the |
| service industries such as IT and finance, with the | | | | first company to register with the Land |
| establishment of a new Dubai International | | | | Department. Organizations within Dubai have |
| Financial Centre (DIFC). The government has set | | | | expressed an intention to invest in medical |
| up industry-specific free zones throughout the | | | | tourism, including the Emaar group's plans in India. |
| city. Dubai Internet City, combined with Dubai | | | | Within Dubai, there is considerable interest in |
| Media City as part of TECOM (Dubai Technology, | | | | developing this market, and the Dubai Healthcare |
| Electronic Commerce and Media Free Zone | | | | City is scheduled to open by 2010.. There will be a |
| Authority) is one such enclave whose members | | | | corresponding increasing need for attention to |
| include IT firms such as EMC Corporation, Oracle | | | | quality and to quality control in healthcare within |
| Corporation, Microsoft, and IBM, and media | | | | Dubai, including international healthcare |
| organisations such as MBC, CNN, Reuters and AP. | | | | accreditation.Moving to dubai consult 1Dubai |
| The Dubai Financial Market (DFM) was established | | | | propertyLeading neutral advice when considering |
| in March 2000 as a secondary market for trading | | | | property. |
| securities and bonds, both local and foreign. As of | | | | |