Dubai’s Mercurial Rise

Dubai’s Mercurial Rise

When you look at magnificent civilizations today, you often find they have been growing steadily over hundreds of years or longer and it makes sense. Normally, it takes a bit of time to go from nothing to a mega city and tourist attraction, but Dubai has accomplished it in record time.

Historical Dubai

Research is ongoing on the early inhabitants of the area, basically because there have been few ancient settlements discovered. We do know there were inhabitants around 1095, thanks to a mention in the Book of Geography, by Abu Abdullah AL-Bakri.

 

Geographically, Dubai has always been a popular trade location. Iranians had used the port for many years and some even settled in the area. Fishing and pearling were the name of the game in Dubai. In fact, it was well known for its pearl exports until the Great Depression.

 

Between the world wide economic depression and the development of cultured pearls, Dubai’s one claim to fame was decimated. Images of the city around this time frame are starkly different from the glittering skyline you would see today. So what exactly happened?

Was it the Oil?

There is no doubt the discovery of oil helped fund the rise of this magnificent city, but in truth, a lot of leg work on infrastructure was completed before oil was discovered. Around 1958, the ruler of the area decided to invest in private companies that would provide electricity, telephone service to go along with an airstrip built on salt flats and the region’s first hotel.

For nearly a decade, this ruler ignored advice against pressing forward and determined to build a jet airport and even borrowed money to build a bridge across Dubai Creek. You kind of get the feeling that Dubai shares many characteristics with the fictional Little Engine that Could.

Oil was eventually discovered off the coast, and while some would have thought Sheikh Rashid would have pulled back a bit and allowed the oil to become the major product, he instead continued to build infrastructure and expand Dubai’s opportunities. This included a 16 berth deep water port that allows larger vessels to make port.

Today

If you had been a resident of Dubai even 50 years ago, it would be hard to imagine the “pearl in the desert” she has become. It is now a thriving metropolis that draws businesses, trade and even Hollywood movies to the shores. You may not find a great deal of ancient history on this area, but if you watch closely, you can see history in the making.

 

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Get Out of Dubai and Tour the Desert

Once you have had your fill of the towering modern buildings, exquisite jewelry, tasty cuisine and high life that make up Dubai, take a tour to the desert! Get out and experience nature in all her glory, while seeing the world much as the ancient tribes did, from the back of a camel.

Camel Safari

Who doesn’t need a 7 hour camel safari to top off their vacation? You should know first off that you will not be required to ride a camel for 7 hours, in fact your destination is a mere 45 minute ride. At the end of the journey through the colorful sand dunes you will find a camp made of different “booths” where you can learn more about the values and traditions of the area.

Dinner will be four courses and include a nice traditional meal, called ghuzi, and may consist of vegetable rice, chicken kabobs, yogurt, lamb and camel meat. (no, not any of the ones you rode in on). Sample Menus:

  • Salad
  • Spicy lentil soup
  • Lamb and cheese filled pastries
  • Lamb served with nuts and rice
  • Fruit Salad
  • Local donuts- saffron flavored and drizzled with date syrup

Around you in this Bedouin style camp will be flame torches, setting the perfect Arabian Nights ambiance. Enjoy traditional dance and music under wide open skies filled with twinkling stars.

At the end of your evening, you will take a minivan back to the city where you can repose for the evening at your hotel of choice.

Alternatives:

If you are not keen on taking a camel ride or simply want to take the desert via Land Rover, there is a desert tour for that as well. Zoom through the desert in a vintage Rover, take in a falconry display and then arrive at the Bedouin camp.

Conservation Tour

The conservation tour is a leisurely safari from the air conditioned comfort of a Mercedes or Land Rover. During your drive, you will learn more about the ecosystem and wildlife in the area, and hopefully get a chance to snap some great photos. About an hour and a half into your drive, you will arrive at the Al Maha Desert Resort where you will be served refreshments and have time to relax before returning to Dubai.

Conclusion

There is so much to do and see in Dubai, the desert can get overlooked. Do yourself and your family a favor and take one of the several safari trips. Not only is the desert breathtaking, you could learn something along the way.

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Basic Types of Companies You Can Form in Dubai

UAE is a great place to start your business venture. With a booming economy, ample support from the government and countless opportunities presenting itself, a lot of people find it very appealing to jump into the bandwagon and start their own business.

 

With the rising trend, even other nationalities are now thinking of getting their business set up in Dubai and UAE. Good thing the UAE law now allows foreign investors to set up their formal presence in Dubai or any cities in UAE with these types of business establishments.

 

If you are thinking of setting up your business in Dubai, read on these types of business establishments:

 

  1. Civil Company

 

A civil company is a type of business establishment and partnership amongst professionals. For example a group of doctors, lawyers and accounts who decided to form a business union . It is 100% legal but certain requirements such as the UAE National Local Service Agent. Foreign companies can also partner with a civil company as long as they operate on the same field.

 

  1. Limited Liability Company

 

A limited liability company or LLC is a hybrid of sole proprietorship and a corporation. The main features of this set up is that is has the pass-through taxation which can be found on partnership or a sole proprietorship but with limited liability just like a corporation. LLC companies have much flexibility than a corporation in terms of protection and privacy as they are not required to be publicly listed unlike corporations.

 

  1. Free Zone Company

 

This option is popular amongst foreign investor due to its lenient features. There are no currency restrictions and personal income taxes. This also allows 100% foreign ownership and repatriation of capital and profits. However, they can only operate and lease office space on Free Zone areas.

 

  1. Offshore Formation

 

Offshore business is formed outside the jurisdiction of the principal owners and often set up for the purpose of tax and legal leniency in a tax haven country. These tax haven areas have zero to very low tax rate which is why some investors find this set up attractive. They are also free from state regulations in terms of business operations.

 

  1. Branch or Representative Office

 

If you are planning on expanding your business presence of your company, then this business set up might just be the one for you. UAE allows investors to set up a branch and representative office of a parent company provided that they carry out similar activities and business  as their principal or head office.

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