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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. [19] 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. [20]
The increase in property prices pushed out the British expatriates, and forced them to look for property outside Dubai in cities like Ras Al Khaimah. [193] Despite the rising property prices, real estate transactions in Dubai are at an all time high, with 180,987 transactions worth AED 522.5bn taking place in 2024.
In the last three years, Dubai saw an increase in 4 and 5 star hotels and number of rooms, but a decrease in standard hotel apartments. The total number of rooms increased by 9,098 from 2015 to 2017, an increase of 9.25%.
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Once engaged, the Chicago couple visited 12 to 15 potential venues in the city. “When we got to the Burj, it was just so breathtaking looking up and seeing how grand the building is.
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.