FAQ’s about the UAE
What are the United Arab Emirates?
The United Arab Emirates is a federation of 7 Arab Emirates – local dynastic rulers – bordered by Saudi Arabia and Oman on the Persian Gulf.
The two principal Emirates are Dubai and Abu Dhabi.
What is the currency of the UAE?
The AED – Arab Emirates Dirham.
The Dirham has been pegged to the US dollar since November 1997.
$1 = 3.67 AED – this rate does not change.
As of writing 1 NIS = 1.14 AED
What is the population of the UAE?
The population today stands at over 10million. In 1975, the population was just 500,000.
This huge growth stems mainly from immigration of foreign workers to the Emirates.
What is the economic base of the UAE?
Once a collection of poor Bedouin tribes, the UAE has become one of the wealthiest countries in the world.
The UAE has the seventh largest oil reserves in the world. Nevertheless, the non-oil trade - which includes construction, tourism, agriculture, finance, the hi-tech industry and others has grown to 1.2 trillion AED. GDP has tripled in the last 4 decades.
What is the difference between Dubai and Abu Dhabi?
Dubai is the hip place. It has the largest malls in the world, the tallest buildings, indoor skiing, water sports and a busy nightlife. It buzzes and is full of excitement.
Abu Dhabi is where you go for a more relaxing holiday, where you want to go to get away from everything. It’s life at a slower place, with quiet beaches and privacy.
Both places exude luxury.
It’s only a 90 minute drive between these two cities so you can get the best of both worlds on a short holiday in the Emirates.
Do I want to invest in Dubai and Abu Dhabi?