In case you know as little about it as I do, here's a little bit of background about....
Dubai
Dubai is a city in the United Arab Emirates known for luxury shopping, ultramodern architecture and a lively nightlife scene. Burj Khalifa, an 830m-tall tower, dominates the skyscraper-filled skyline. At its foot lies Dubai Fountain, with jets and lights choreographed to music. On man-made islands just offshore is Atlantis, the Palm, a resort with water and marine-animal parks.
With 96 percent of its population foreign born, Dubai makes even New York City’s diversity — 37 percent of New Yorkers are immigrants — seem mundane. As a pair of American observers put it, Dubai is a city where “everyone and everything in it — its luxuries, laborers, architects, accents, even its aspirations — was flown in from someplace else.”
In 2002, Mohammed issued a land reform decree allowing foreigners to own real estate in Dubai — a first in any Gulf state. Before the reforms, Dubai had no real estate market. Land was given out under a quasi-feudal system; all land was held by the sheikhs or by favored Emirati friends upon whom the sheikhs had bestowed parcels. Everyone else — including every foreigner — was a renter. With the 2002 reform, anyone could buy a home in Dubai — an opportunity with particular appeal to wealthy families in unstable countries nearby. Loaded Lebanese afraid of another civil war back home, Indian nouveaux riches seeking respite from the poverty at their doorsteps, and Russian oligarchs banking assets stripped from operations in their decaying motherland all poured cash into Dubai properties. What Miami had long been for the elite of Latin America — a place to park wealth too risky to keep back home — Dubai became for the magnates and kleptocrats of the Middle East, North Africa, South Asia and the former Soviet Union. The apotheosis of this trend would come in 2009, when the dictator of Azerbaijan amassed nine waterfront mansions during a two-week, $44 million buying spree — all purchased in the name of his 11-year-old son.
Through a parallel strategy designed to lure multinational companies, Sheikh Mohammed successfully turned Dubai into the global business hub of the Middle East. In the early 1980s, Mohammed had breathed new life into the languishing Jebel Ali port by declaring it Dubai’s first “free zone.” The term was something of a misnomer. Free zones in many countries were simply areas where companies were exempt from taxation. But in Dubai, there were no corporate or income taxes to begin with; the government was funded largely with the profits of state-owned enterprises, oil revenues and sin taxes on alcohol. Jebel Ali Free Zone was more like a Special Economic Zone in Deng Xiaoping’s China, where separate laws applied within the SEZ than beyond the gates. Beyond the borders of Jebel Ali, strict, traditional Shariah law would still govern business relations (under Shariah, for instance, those who can’t pay their debts are imprisoned). But inside the new free zone, business could be done much as it was done in the West, according to a specially crafted civil legal code geared specifically toward port businesses. Jebel Ali thrived under the new regime, becoming one of the busiest ports on the planet. Today, it processes over 10 million shipping containers annually.
I am staying at the Florida Hotel in old Dubai, right across from a souk (marketplace)!
http://www.timeoutdubai.com/aroundtown/features/33321-34-things-to-do-in-old-dubai
