About Dubai - Part 1

Dubai (in Arabic: دبيّ‎, Dubayy) is one of the seven emirates and the most populous state of the United Arab Emirates (UAE). It is located along the southern coast of the Persian Gulf on the Arabian Peninsula. The Dubai Municipality is sometimes called Dubai state to distinguish it from the emirate. It is not a city.

The emirate's main revenues are from tourism, real estate and financial services.
Although Dubai's economy was originally built on the back of the oil industry, revenues from petroleum and natural gas currently contribute less than 6% (2006) of the emirate's US$ 37 billion economy (2005).
Real estate and construction, on the other hand, contributed 22.6% to the economy in 2005, before the current large-scale construction boom. Dubai has attracted attention through its real estate projects and sports events.

Source: Wikipedia