How Did Dubai Get So Rich????.

How Did Dubai Get So Rich????.
Dubai, a city that has captured global attention, has emerged as one of the richest urban centers on the planet. Fueled by the oil economy and the winds of the Industrial Revolution, Dubai's amazing transformation over the past few decades has positioned it as a beacon of rapid growth and luxury. This video dives into the journey of how Dubai achieved its status as one of the world's richest cities. In 1833, a group of 800 people from the Bani Aklan settled in a small village at the spot where Dubai is now located. They chose this area because of the natural haven provided by Dubai Creek. Back then, this place was just a simple village and the people focused on fishing and purling as their main activities. Eventually, more people joined them, including Bedouins who were nomadic people from the Middle East. These newcomers also lived close to the creek, setting up basic homes known as Baristas. Jumping ahead to the 1960s, Dubai's economy depended completely on trade and the money earned from allowing oil extraction on its land. However, a turning point came in 1969 when a huge amount of money started coming in from oil revenues. This marked the beginning of Dubai's rapid development. This wealth was used to make big investments in various areas. Over time, Dubai transformed from a modest village into the glamorous city that we see today known for its luxury. Dubai's fortunes started to change in 1966 with the discovery of offshore oil. Prior to that, other areas of the United Arab Emirates were prospering thanks to large oil reserves found underground. Between 1968 and 1975, Dubai experienced a 300% surge in its population. During the time when Al-Makhdoom was in charge, Dubai experienced amazing growth.

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