This application is a live wallpaper of dubai live wallpaper
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Contrary to popular belief, Dubai has close to no oil. Abu Dhabi, on the other hand, has used petro-dollars to fund its rapid development and still has enough reserves to support further groundbreaking growth and investments for a long time. Hence the growth that metropolis Dubai is witnessing today has very little to do with petro-dollars. Dubai is one of the fastest growing cities in the world. Though the UAE has the 6th largest oil reserves in the world, it is almost entirely concentrated in one emirate, Abu Dhabi.
Dubai as a city had 25% of all heavy construction equipment in the world till the 2008 recession. Dubai’s growth has, for the last few years, been massively driven by real estate growth. A well publicized and highly exaggerated by the Western world to cover their trillion dollar deficits event, the default of payments by DPWorld, led to a sea change in the real estate scene in Dubai. Since foreign investments dwindled due to the massive bad press generated, many other luxury destinations real estate developers were forced to delay projects and this led to a domino effect of defaults. However today the real estate sector, though nowhere near its glory days, is fast recovering. Further, given Dubai’s tiny population, it was impossible to sustain the real estate sector with local demand. dubai camel has all the superlative buildings in the world, from the tallest building, most luxurious hotel and tallest hotel and tallest tower, largest islands and largest airport, etc.
- Total Views: 400
- Uploaded By adminwoodenboxlwp
- Date Uploaded: January 1, 2019
- Category: city, fun, travel
- Tags: Abu Dhabi City Wallpapers, Abu Dhabi City Wallpapers Hd, Abu Dhabi Skyline Wallpaper, Abu Dhabi Tower Wallpaper, Abu Dhabi Wallpaper For Mobile, Aerial Photos Of Burj Khalifa, Burj Khalifa Aerial View, Burj Khalifa Android Wallpaper, Burj Khalifa At Night Wallpaper, Burj Khalifa Hd Wallpaper For Android, Burj Khalifa Photo Dubai, Burj Khalifa Top View Wallpaper, Burj Khalifa Tower Dubai Wallpaper Hd, Burj Khalifa Ultra Hd Wallpaper, Photo Of Burj Khalifa Building, Wallpaper Of Burj Khalifa