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Dubai has what is called the open and free economic system. Dubai has focused its economy on tourism by building hotels.


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Dubai generates revenue and sustains its economy primarily through tourism, real estate, trade, and financial services. The city's strategic location, modern infrastructure, and business-friendly policies attract foreign investment and businesses, contributing to its economic growth. Additionally, Dubai's oil reserves have played a significant role in its economic development, although the government has diversified the economy to reduce reliance on oil revenues.


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Dubai, one of the seven emirates of the United Arab Emirates, owes its current riches to tourism, property and financial services. In the past, Dubai's economy was largely based on the oil industry.A large part of Dubai's success is from its economic free zones. These free zones are designated areas where taxes are very low or nonexistent. Free zones are very attractive to savvy businesses. Indeed, Microsoft, IBM, Oracle, HP, and Nokia all have buildings in Dubai Internet City.Dubai's efforts to change it's economy from an oil-based one to a property based economy have succeeded, so far. The recent economic recession has hurt Dubai badly, and the future of some of its large scale projects are unclear.


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