Since 2003, revenues from tourism have surpassed those from oil, accounting for more than 10% of GDP.Tourism, which accounts for 25% of dubai's employment, is the biggest source of income.It is also the focus of the new sheikh Mohammed.The number of tourists staying in dubai increased from nearly 2 million in 1996 to more than 6 million in 2005.During the same period, the number of transit passengers at dubai airport increased from 8 million to nearly 25 million.By 2010, the sheikh claims, dubai could attract 15 million visitors a year.
The real estate industry
Since the late 1990s, the dubai government began to vigorously develop the real estate industry, especially since 2003, the development of the real estate industry in dubai has been unprecedentedly high and hot.The typical large projects are palm islands and world islands located on the coastline of Dubai, as well as the burj Dubai, commercial bay and Dubai park. These large projects are mainly developed and undertaken by Imaar Properties, Al Nakheel and Dubai Properties.Ruler sheikh Mohammed hopes to use skyscrapers to showcase the city's hyper-modernity.By some estimates, between 2002 and 2007, when dubai was busy building skyscrapers, 25% of the world's cranes and cranes were in dubai.
Emaar began developing the world's tallest building, the burj khalifa, in 2002.The final height of the building has been a mystery since the client asked it to be more than 800 meters.The developers are determined to achieve the tallest building in the world, preferring to take the time to raise it until the day of completion, when they announced the height of 828 meters.The burj khalifa was completed on January 4, 2010, and is adjacent to the world's largest shopping center, the dubai shopping center.It is now building dubai's new central business district, the business bay, which, once completed, will house some 500 skyscrapers along the dubai river.