Although Dubai exports oil, it has never been just an oil-based economy. With only 10-15 years of oil reserves remaining, Dubai has turned to its historical talent for trading to ensure its future success. Dubai is the leading business centre in the Middle East and is the major entrepot for exporting to the Indian subcontinent, other Gulf States, Iran and Africa and the CIS States. Dubai is the exhibition capital of the Gulf and a strategic centre for business across the region.

Dubai has also developed a significant tourist economy. There has been, and continues to be, a great deal of investment in tourist infrastructure and attractions. The worlds only 6 star hotel, the Burj al Arab sits near Jumeriah Beach waterfront with numerous other luxury resorts and hotels spread along the coast. For some time, Dubai has been the primary tourist destination within the Middle East. This looks set to continue.

The Emirate of Dubai is located in the north-eastern part of the UAE. In spite of the fact that Dubai and the northern Emirates account for around 25% of oil output, it is the only Emirate which would remain prosperous without oil and gas revenue. Although traditionally an entrepot, Dubai serves not only the Gulf but also acts as a link to the Indian sub-continent, Africa, the Far East and the CIS States.

Dubai has two ports, Port Rashid and Jebel Ali, both managed by the Dubai Ports Authority. Jebel Ali Port on the main road between Dubai and neighbouring Abu Dhabi is also the site of the 100 sq km Jebel Ali Free Zone. Tourist numbers have increased and this sector has development potential. Dubai, the commercial capital of the UAE, has the largest tourism market, attracting both business travellers and an increasing number of leisure tourists. The annual growth rate in visitors to Dubai is between 10%-15%. To meet growing demand, new hotel properties are under construction and there is continuing refurbishment of accommodation. Dubai's revenues from tourism reached the equivalent of 20% of GDP by 2000.