Dubai Economic Development
Dubai has decreased its dependence on oil and natural gas reserves (currently only 6% of the Dubai economy) by diversifying into trade, manufacturing, financial services, cultural events, and tourism. Now home to a number of free zones; such as Dubai Internet City, Dubai Media City and Dubai Maritime City; and massive resort hotel and entertainment complexes: the Dubai economy is booming. There are currently $350 billion worth of active construction projects. Businesses are also attracted to Dubai because of the lack of a corporate tax and its business friendly trade policies. The beneficial business environment and modern facilities have contributed to the soon to be expected pronouncement of Dubai as the most expensive office space in the world.
In addition to the number of retail developments listed under Dubai Shopping, other commercial developments include:
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