Part 1 of Training Dubai Real Estate Agents | About Dubai

Summary

The UAE is a federation of seven emirates, each led by a Sheikh, with the Federal Supreme Council as the highest authority. While traditionally reliant on oil and gas, which now contribute only 5% to the economy, the UAE has diversified into tourism and trade. The country boasts a population of around 10 million, with a significant majority being expatriates. Each emirate has its own flag, symbolizing its unique governance within the federal system. The rapid urban growth and demographic changes reflect the UAE's remarkable transformation over recent decades.

Takeaways

• 😀 The UAE is a federation of seven emirates, each governed by a Sheikh.
• 😀 The Federal Supreme Council is the highest authority, with the president being Khalifa bin Zayed.
• 😀 Islam is the official religion, and Arabic is the official language of the UAE.
• 😀 The UAE has the sixth-largest oil reserves and the seventh-largest natural gas reserves in the world.
• 😀 Only 5% of the UAE's revenue now comes from oil and gas, with 95% from tourism and trade.
• 😀 Dubai is the most populous emirate, home to approximately 3.5 million people.
• 😀 Around 89% of the UAE's population are expatriates, with Indians making up the largest group at 28%.
• 😀 The total population of the UAE is around 10 million, with a significant male majority (70%).
• 😀 Each emirate has its own flag, reflecting its unique governance within the federal system.
• 😀 The UAE's urban development, particularly in Dubai, has been rapid and transformative over the past three decades.

Q & A

What is the governing structure of the UAE?

The UAE has a federal system composed of seven Emirates, each governed by its ruler, known as a Sheikh.

Who serves as the president of the UAE?

Khalifa bin Zayed is the current president of the UAE.

What are the official religion and language of the UAE?

Islam is the official religion, and Arabic is the official language.

What has changed in the UAE's economy regarding oil and gas?

Historically reliant on oil and gas for revenue, the UAE has diversified its economy, with oil contributing only about 5% of its revenue today.

What is the VAT rate in the UAE, and when was it implemented?

The Value Added Tax (VAT) rate in the UAE is 5%, implemented in 2018.

Which Emirates account for most of the UAE's land area?

Abu Dhabi and Dubai together account for 91% of the UAE's total land area.

What is the population distribution of the UAE?

The UAE has a total population of around 10 million, with approximately 70% male and 30% female.

Which nationality makes up the largest demographic group in the UAE?

Indians constitute the largest nationality group, making up about 28% of the total population.

How has the population of Dubai changed from 1992 to 2022?

Dubai's population has grown from around 1.8 million in 1992 to approximately 10 million in 2022.

Do all Emirates have their own flags?

Yes, each Emirate has its own flag, reflecting the federal system of governance.