The Trump family's cryptocurrency venture was selected as part of a $2 billion investment deal backed by the Emirati in Dubai. This deal was revealed in Dubai conference with conflicts taking center stage. Trump's stablecoin was chosen for investment in Binance.
In 1901, Maktoum bin Hasher Al Maktoum established Dubai as a free port with no taxation on imports or exports, attracting merchants to the area.
In 1902, the steamer of the Bombay and Persia Steam Navigation Company increased its visits to Dubai to 21 times annually, indicating the growing importance of the port.
From 1904 onwards, steamers called at Dubai fortnightly, further accelerating the city's role as an emerging port and trading hub.
By 1906, Dubai supplanted Lingeh as the chief entrepôt of the Trucial States, trading 70,000 tones of cargo.
In 1908, the "great storm" struck the pearling boats of Dubai and the coastal emirates, resulting in the loss of a dozen boats and over 100 men.
In 1910, the town was bombarded by HMS Hyacinth, resulting in 37 deaths.
In 1911, Butti lamented that misery and poverty were raging among the tribes, leading to struggles, looting, and killings.
In 1937, an oil exploration contract was signed, guaranteeing royalty rights for Dubai and concessionary payments to Sheikh Saeed bin Maktoum.
In 1947, a border dispute between Dubai and Abu Dhabi escalated into war, which was later resolved through arbitration by the British government.
In 1954, Rashid bin Saeed Al Maktoum, then ruler of Dubai, established the Dubai Municipality (DM) for city planning, citizen services, and upkeep of local facilities, later evolving into an autonomous subnational authority.
In 1956, the Dubai Police Force was founded in the locality of Naif, with law enforcement jurisdiction over the emirate, under the direct command of Mohammed bin Rashid al Maktoum.
From 1958, Dubai's ruler Sheikh Rashid bin Saeed Al Maktoum, used revenue from trading activities to build infrastructure.
In 1959, Dubai's first hotel, the Airlines Hotel, was constructed.
In 1959, Dubai's first telephone company was established, owned by IAL and Sheikh Rashid and local businessmen.
In 1959, Sheikh Rashid invited architect John Harris to Dubai to discuss the parameters of a town plan.
In 1959, the construction of Dubai's first airport was started on the northern edge of the town.
In May 1960, architect John Harris returned to Dubai with the town plan he had created.
In September 1960, Dubai's first airport terminal building opened for business.
On 7 April 1961, the Dubai-based MV Dara was caught in high winds and an explosion led to the loss of 238 lives.
In 1961, Iran Air commenced services to Shiraz at Dubai's airport.
In 1961, both the electricity company and telephone company had rolled out operational networks in Dubai.
In 1961, the British engineering firm Halcrow was already marking the street system throughout the city, as drawn in the town plan, and hardening designated ways with asphalt.
In 1962, Sheikh Rashid approached the Ruler of Qatar for a loan to build the first bridge crossing Dubai Creek.
In 1962, many new houses and blocks of offices and flats were being built in Dubai and the Ruler was determined to press on with the construction of a jet airport.
In May 1963, the first bridge crossing Dubai Creek was completed, funded by a toll levied on crossings.
In 1965, the asphalt runway of Dubai Airport was constructed, opening Dubai to both regional and long-haul traffic.
In 1966, Dubai received large shipments of gold, watches, and silver.
In 1966, oil was discovered in territorial waters off Dubai, accelerating infrastructure development.
In 1966, oil was finally struck in territorial waters off Dubai after years of exploration.
In 1967, the price of gold was $35 an ounce, but its market price in India was $68 an ounce, making the trade profitable.
On January 16, 1968, Prime Minister Harold Wilson announced the withdrawal of British troops from "East of Aden", impacting Dubai and other Trucial States, Qatar, and Bahrain, leading to negotiations to fill the resulting political vacuum.
By 1968, Dubai had a reliable supply of piped water. Also in 1968, a sand tax was briefly imposed before being lifted after 11 days.
From 1968, Sheikh Rashid's infrastructure development plans and a construction boom began which brought a massive influx of foreign workers.
In 1968, the Ambassador and Carlton Hotels were constructed in Dubai.
Throughout the 1960s Dubai was the centre of a lively gold trade, with 1968 imports of gold at some £56 million, mainly re-exported to customers taking delivery off India.
In October 1969, a meeting intended to form a nine-state union collapsed after British intervention against aggressive activities by two emirates led to Bahrain and Qatar withdrawing from talks.
Oil revenue flowing from 1969 onwards supported a period of growth, with Sheikh Rashid embarking on a policy of building infrastructure.
In 1970, a new airport terminal building was constructed which included Dubai's first duty-free shops.
On July 18, 1971, six of the seven Trucial States agreed to form a union following the failure of the nine-state union negotiations.
On December 2, 1971, Dubai, along with Abu Dhabi, Sharjah, Ajman, Umm al-Quwain, and Fujairah, joined to form the United Arab Emirates through the Act of Union.
On February 10, 1972, Ras Al Khaimah joined the United Arab Emirates, following Iran's annexation of the Tunbs islands, which were claimed by RAK.
Port Rashid, a deep-water free port, was inaugurated on 5 October 1972.
In 1973, Dubai and the other emirates adopted the UAE dirham as their uniform currency, dissolving the prior monetary union with Qatar and introducing the new currency throughout the Emirates.
Between 1968 and 1975, the city's population grew by over 300%.
In 1975, Port Rashid was further expanded to add a further 35 berths before the larger port of Jebel Ali was constructed.
In 1977, the decision was made to construct Dubai Hospital, which is part of Dubai Department of Health and Medical Services.
In 1979, the establishment of the Jebel Ali Port, a deep-water port designed to accommodate larger ships, marked a significant development in Dubai.
In March 1983, Dubai Hospital, a public hospital and part of Dubai Department of Health and Medical Services, began admitting patients.
In 1985, Sheikh Mohammed initiated the Jebel Ali Free Zone (JAFZA) around the port, facilitating unrestricted import of labour and export of capital for foreign companies.
In 1990, Oil accounted for 24% of Dubai's GDP.
In early 1991, the Gulf War negatively impacted Dubai's financial sector, causing withdrawal of money and trade, but the city rebounded and prospered in the changing political climate.
In 1995, the Internet was introduced into the UAE, including Dubai, marking a significant step in telecommunications.
In December 1999, the Burj Al Arab, a luxury hotel, opened, later being described by a British journalist as 'the world's only 7-star' hotel.
In March 2000, the Dubai Financial Market (DFM) was established as a secondary market for trading securities and bonds.
From 2001, a longer-term assessment of Dubai's property market showed depreciation, with some properties losing as much as 64% of their value by November 2008.
In 2001, construction began on the Palm Jumeirah, an artificial archipelago created using land reclamation.
In 2002, Dubai enacted an Electronic Transactions and Commerce Law dealing with digital signatures and electronic registers, while Emirates Media and Internet reported that 76% of Internet users were male and 60% were Asian.
In 2002, the Dubai Multi Commodities Centre (DMCC) was established.
In 2003, Dubai served as a refuelling base for allied forces at the Jebel Ali Free Zone during the Invasion of Iraq, leading to a continued focus on free trade and tourism due to subsequent increases in oil prices.
Since 2003, executive authority for managing and overseeing Dubai Governmental agencies has been delegated to the Dubai Executive Council, led by the Crown Prince of Dubai Hamdan bin Mohammed Al Maktoum.
In September 2004, the Dubai International Financial Centre (IFC) opened, attracting leading international firms and setting up the NASDAQ Dubai stock exchange.
By 2004, Oil had fallen to 7% of Dubai's GDP.
From 2004, Dubai's government's decision to diversify its economy made property more valuable, resulting in property appreciation until 2006.
In 2004, the development of Al Maktoum International Airport was announced, marking the beginning of a project to create the world's largest airport.
Since 2004, Dubai has hosted the annual Dubai International Film Festival, serving as a showcase for Arab and Middle Eastern filmmaking talent.
In 2005, a significant demographic shift was noted in metropolitan Dubai, with 84% of the population being foreign-born, approximately half of whom were from India.
In 2005, the Roads and Transport Authority (RTA) was formed as an agency of the government of Dubai to manage transport.
Towards the end of March 2006, the government announced steps to allow construction unions. UAE labour minister Ali al-Kaabi said labourers will be allowed to form unions.
As of the fourth quarter of 2006, the Dubai Financial Market's trading volume was approximately 400 billion shares, with a total value of $95 billion.
From 2006, the weekend in Dubai was Friday and Saturday, to accommodate both Muslim and Western preferences.
In 2006, Emirates Integrated Telecommunications Company (EITC), better known as Du, was established, breaking Etisalat's virtual monopoly over telecommunication services in Dubai.
In 2006, construction of the Palm Jumeirah, the smallest and original of the three Palm Islands, was completed.
In 2006, the transport authority announced the construction of 500 air-conditioned passenger bus shelters, and planned for 1,000 more across the emirates to encourage the use of public buses.
Until 2006, Dubai's government's decision to diversify its economy made property more valuable, resulting in property appreciation since 2004.
In 2007, Dubai was ranked 44th among the world's best financial cities by a City Mayors survey.
In November 2008, a longer-term assessment of Dubai's property market showed depreciation, with some properties losing as much as 64% of their value from 2001.
In 2008, the public bus transport system in Dubai transported over 109 million people across 140 routes.
Since 2008, leading contemporary art galleries such as Carbon 12 Dubai, Green Art, gallery Isabelle van den Eynde, and The Third Line have brought the city onto the international art map.
As of February 2009, Dubai's foreign debt was estimated at $80 billion due to the slowing economic climate and the Great Recession.
On 30 April 2009, a monorail line connecting the Palm Jumeirah to the mainland opened, marking the first monorail in the Middle East.
In September 2009, the Dubai Metro, consisting of the Red and Green lines, was opened to the public, becoming the first urban train network in the Arabian Peninsula.
As of 2009, Dubai had 79 public schools and 207 private schools, with Arabic as the medium of instruction in public schools and English in most private schools.
In 2009, Dubai hosted the 2009 Rugby World Cup Sevens.
In 2009, taxi trips in Dubai exceeded 70 million, serving around 140.45 million passengers.
In 2009, the documentary "Slaves in Dubai" was released, highlighting allegations of mistreatment of foreign workers in Dubai, with the filmmaker going undercover due to restrictions on documenting human rights abuses.
In 2009, there were an estimated 1,021,880 cars in Dubai according to Dubai Municipality statistics.
In January 2010, the proportion of Dubai residents who used public transport stood at 6%.
The Burj Khalifa, previously known as Burj Dubai, officially opened on 4 January 2010 as the world's tallest building, standing at 828 metres (2,717 ft).
As of 4 January 2010, the completion of the Burj Khalifa leaves Dubai with the world's tallest skyline.
By the end of 2010, there will be 2,100 buses in service across the city.
In 2010, the Burj Khalifa (Khalifa Tower) was completed, becoming the world's tallest building at 829.8 m (2,722 ft).
On 2 November 2011, Dubai made a last-minute entry to bid for Expo 2020, joining four other cities.
In the first half of 2011, Dubai's total gold trading volumes reached 580 tonnes, with an average price of US$1,455 per troy ounce.
By the end of 2012, there were a total of 1,348 medical clinics in Dubai, with 97% operated privately.
In 2012, Dubai was ranked No. 40 in the Global City Competitiveness Index by the Economist Intelligence Unit, with a total score of 55.9.
In 2012, Dubai was ranked as the world's 27th richest city in terms of purchasing power parity (PPP) by City Mayors.
In 2012, the International Festivals and Events Association (IFEA) recognized Dubai as the IFEA World Festival and Event City, acknowledging its significance in the events industry.
In February 2013, the Bureau International des Expositions visited Dubai to assess the Emirate's readiness for Expo 2020 and was impressed by the infrastructure and national support.
On 14 February 2013, the Dubai Miracle Garden, the world's largest flower garden, opened in Dubailand, displaying over 50 million flowers with more than 70 species of flowering plants.
In May 2013, the Dubai Expo 2020 Master Plan was revealed, outlining the vision and scope of the event.
As of September 2013, Dubai Creek has been proposed as a UNESCO World Heritage Site, recognizing its vital role in the city's history and economy.
On 27 November 2013, Dubai won the right to host Expo 2020, marking a significant milestone for the city.
According to a 2013 research report by the Economist Intelligence Unit, Dubai is projected to move up to 23rd place overall in the Global City Competitiveness Index by 2025.
In 2013, At The Top in Burj Khalifa attracted over 1.87 million visitors, becoming one of Dubai's most popular tourist attractions.
In 2013, Synergy University Dubai Campus opened in Jumeirah Lakes Towers, becoming the first University in Dubai to be located outside of Educational Zones (Knowledge Village or Academic City).
In 2013, it was reported that only about 15% of Dubai's population were UAE nationals, with the remaining 85% being expatriates, predominantly from Asian countries like India (51%) and Pakistan (16%).
In 2013, trade flows between China and Dubai increased by 29% to reach $47.7 billion.
The inaugural Dubai Food Festival was held from 21 February to 15 March 2014, aimed at enhancing and celebrating Dubai's position as the gastronomic capital of the region.
In 2014, China became Dubai's largest international trading partner with $47.7 billion in trade flows, which was a 29% increase from 2013.
In 2014, Dubai International Airport handled 2.37 million tons of cargo, making it the sixth-busiest cargo airport in the world.
In 2014, Dubai experienced a growth rate of 6.1% in its gross domestic product.
In 2014, Dubai had an estimated birth rate of 15.54 per 1,000 people and a death rate of 1.99 per 1,000 people.
In 2014, Dubai's non-oil foreign trade amounted to $362 billion, with imports valued at $230 billion and exports/re-exports at $31 billion and $101 billion, respectively.
In 2014, the first section of the Dubai Tramway, a 10.6 km long tram line serving 11 stations, was opened, running along Al Sufouh Road from Dubai Marina to the Burj Al Arab and the Mall of the Emirates.
In 2014, the religious demographics of Dubai showed that more than 56% of the residents were Muslims, 25% were Christians, 16% were Hindus, and around 2% adhered to other religions.
Event pictures of Rugby 7 Dubai were taken in 2015.
In 2015, Dubai phased in mandatory health insurance for all inhabitants, leading to increased demand for medical services.
In 2015, the AED 4 billion first phase of the Dubai Design District project was completed.
On 31 August 2016, Dubai Opera opened in Downtown Dubai with a performance by Plácido Domingo, offering a 2000-seat, multifunctional performing arts center.
In 2016, Dubai opened the world's first functioning 3D-printed office building, which took 17 days to construct, and was designed by Killa Design, who also designed the Museum of the Future.
In 2016, the Dubai Multi Commodities Centre (DMCC) was nominated as "Global Free Zone of the Year" by The Financial Times Magazine.
In 2016, the city hosted 14.9 million overnight visitors.
The Dubai Food Festival was held between 23 February 2017 to 11 March 2017, showcasing the variety of flavours and cuisines on offer in Dubai.
The Dubai Food Festival was held between 23 February 2017 to 11 March 2017, showcasing the variety of flavours and cuisines on offer in Dubai.
Since 2017, the Dubai Run has been part of the Dubai Fitness Challenge, the world's largest free fun run.
As of 2018, Dubai Marina had a population of 55,052, part of a larger development designed to accommodate over 120,000 people.
As of 2018, Dubai was the fourth-most-visited city in the world based on the number of international visitors and the fastest growing, increasing by a 10.7% rate.
As of 2018, Emirates airline operated internationally, serving over 150 destinations in over 70 countries across six continents.
In 2018, Dubai topped the list for tourist spending for the fourth consecutive year, with a total spend of $30.82 billion and an average spend of $553 per day.
In 2018, oil production contributed less than 1 percent to the GDP of Dubai.
In September 2019, Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum ordered the establishment of the Higher Committee for Real Estate Planning to study and evaluate future real estate construction projects.
In October 2019, Dubai loosened its liquor laws for the first time, allowing tourists to purchase alcohol from state-controlled stores, a shift prompted by an economic crisis and a drop in alcohol sales.
In 2019 the Italian artist Princess Bee produced "Hi Dubai", the first cross media format revealing the "soul of the city" through the life and work experience of 25 Emirati and expat women. "Hi Dubai" was on air on the national channel Dubai One TV, in prime time, after the National News during the U.A.E. National Day week; then distributed online on Dubai Post and in-flight on ICE in all Emirates Airlines flights.
Mastercard's Global Destination Cities Index 2019 found that tourists spend more in Dubai than in any other country.
In January 2020, three Sri Lankan expats were fined 500,000 dirhams (US$136,000) each in Dubai for posting defamatory Islamophobic Facebook posts, highlighting the punishable nature of defamation on social media.
In April 2020, the Church of Jesus Christ of Latter-day Saints announced plans to build a temple in Dubai, acknowledging the gracious invitation from the UAE government.
The Dubai Expo 2020 was scheduled to take place from 20 October 2020 for 173 days with 192 country pavilions and various thematic districts.
In December 2020, Jumeirah Gate opened along the beach featuring two towers connected by a sky bridge, housing luxury apartments and the world's highest infinity pool in a building.
As of 2020, the federal public prosecution clarified the penalties for public employees collectively leaving work to achieve an unlawful purpose, including imprisonment and deportation for foreigners.
By 2020, Dubai was expected to reach 20 million tourists.
By 2020, over AED 70 billion of improvements were planned for completion to address congestion and reliability issues in Dubai's public transport network.
In 2020, 17 schools in Dubai were rated Outstanding, and 40 were rated Very Good by the KHDA, highlighting the improvement in school quality.
In 2020, Data from the Centre for Advanced Defense Studies (C4ADS) exposed that several real estate owners in Dubai were either facing international sanctions or were involved in criminal activities. The report "Dubai Uncovered" mentioned names of 100 Russian oligarchs, public officials, and Europeans involved in money laundering.
In 2020, Dubai launched the Dubai Fashion 2020 project to support its economy and develop different sectors.
In 2020, The Theatre of Digital Art Dubai (ToDA) opened, presenting immersive digital art, including contemporary work.
In 2020, the Dubai Expo 2020 created various social enlistment projects and monetary boons to the city, such as initiating the world's largest solar power project.
In 2020, the Indian Premier League cricket competition was held in UAE due to the COVID-19 pandemic.
Since 2020, property prices in Dubai increased by 124%.
The "Dubai Unlocked" investigation revealed how Dubai's real estate market became a haven for criminals to hide their money in Dubai.
The Dubai Expo 2020 was scheduled to conclude on 10 April 2021, after running for 173 days with participation from 192 countries.
On June 1, 2021, an extension to the Red Line connecting the EXPO 2020 site opened.
Due to COVID-19, the organisers of Expo 2020 postponed the Expo by one year to begin on 1 October 2021.
In 2021, Dubai's gross domestic product was projected at over US$177 billion.
In 2021, the UAE was ranked amongst the 20 most dangerous places for LGBTQ tourists to visit.
On 1 January 2022, Dubai transitioned to a four-and-a-half day working week, with the weekend consisting of Friday afternoon, Saturday, and Sunday.
Following February 2022, property prices in Dubai increased significantly, as wealthy Russians started investing in the UAE's real estate after the Ukraine invasion.
Due to COVID-19, the organisers of Expo 2020 postponed the Expo by one year to end on 31 March 2022.
In March 2022, Thai transgender model Rachaya Noppakaroon was deported from Dubai because her passport stated her gender as male, despite her visit for a performance at Expo 2020.
In 2022, the EU Tax Observatory and Norway's Centre for Tax Research evaluated that foreign ownership in Dubai's real estate market was worth approximately $160 billion.
In 2023, Tourism accounted for about 11.5% of Dubai's GDP, making it the 3rd most-visited city globally.
In 2024, Dubai marked a 36.5% increase in the volume of real estate transactions since 2023.
In early January 2024, Dubai announced its intention to build the Aeternitas Tower, set to be the world's tallest residential clock tower at 450 m (1,480 ft) in a joint venture between London Gate and Franck Muller.
As of March 2024, Dubai began operating the world's biggest waste-to-energy facility, which will power approximately 135,000 homes.
In March 2024, Tori Towey, a domestic violence victim and Emirates Airlines flight attendant living in Dubai, faced mockery by an Emirati police officer and was charged with attempted suicide and illegal alcohol consumption when she sought help, leading to a travel ban.
In April 2024, Dubai experienced record-setting flooding, highlighting the lack of adequate drainage systems to cope with challenges posed by climate change, despite increased precipitation in recent decades.
In June 2024, Emaar Properties announced plans to expand The Dubai Mall, adding 240 luxury stores and new food outlets for 1.5 billion dirhams ($408 million).
In July 2024, Dubai signed an agreement to develop a logistic hub for food, fruits, and vegetables that is planned to be the largest of its kind in the world. Sheikh Maktoum bin Mohammed, UAE Minister of Finance, was present at the signing.
In October 2024, the Interpol issued a red notice against Sean McGovern, a member of the Kinahan Cartel, who was subsequently arrested by the Dubai police. On October 21, an extradition treaty was signed between Ireland and the UAE, with the Kinahan cartel planning to move to Russia in case of an extradition request from Ireland.
According to the KHDA in 2024, the top 10 largest universities by student numbers in Dubai include Middlesex University Dubai, Heriot-Watt University Dubai, and University of Wollongong in Dubai, among others.
As of 2024, Dubai International Airport (DXB) is the world’s busiest airport for international passenger traffic, handling over 92 million passengers annually.
In 2024, Dubai authorities charged an Irish woman for consuming alcohol, highlighting the regulated nature of alcohol sale and consumption, where it's legal for adult non-Muslims in licensed venues or at home with a license.
In 2024, Dubai saw $761 billion in real estate transactions and Dubai International Airport (DXB) handled over 92 million passengers.
In 2024, Dubai's population reached around 3.79 million, with expatriates making up more than 90% of the residents.
In 2024, only 4 Dubai Universities are present in the QS World University Rankings.
In 2024, real estate transactions in Dubai reached an all-time high, with 180,987 transactions worth AED 522.5bn taking place.
In 2024, the city of Dubai ranked 12 out of 142 cities in the Smart City Index.
By 2025, 3 more major hospitals are scheduled to be built in Dubai, adding to the existing 28 hospitals.
In 2025, Dubai is projected to move up to 23rd place overall in the Global City Competitiveness Index, according to a 2013 research report.
In 2025, only 4 Dubai Universities are present in the QS World University Rankings.
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