The economy of the united arab emirates is the second largest in the arab world (after saudi arabia), with a gross domestic product (gdp) economy of dubai. Crude price slump forces gulf governments to cut spending and delay projects.
Situated on the persian gulf coast, dubai is part of the seven united arab emirates federations from relative obscurity, this emirate has grown into a regional powerhouse.
The government's decision to diversify from a trade-based but oil-reliant economy to one that is service- and tourism-oriented resulted in the property boom from 2004–2008.
United arab emirates is a very important country of southwest asia the official language of uae is arabic it is formed with seven states they are dubai.
Over the last 50 years, dubai has transformed itself from a small fishing and trading village into an integrated, modern, and vibrant economy the development process was initiated by oil.
The economy of dubai had changed drastically, thanks to the tourism boom and the business-friendly policies of the government.
Dubai has changed dramatically over the last three decades, becoming a major business centre with a more dynamic and diversified economy dubai enjoys a strategic. Ministry of economy carries out the preparation of the project of the general development plan of the state, identifies its stages and annual divisions and all matters associated to that.