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Video: A Timelapse of Dubai’s Astonishing Growth

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Dubai’s transformation from a fishing village to a global real estate hub has been nothing short of remarkable. From having the world’s tallest building to man-made islands in the shape of a world map, the U.A.E.’s most populous city has never shied away from ambitious construction projects.

Today’s motion graphic video, from Knight Frank, is a unique overview of Dubai’s half-century long growth spurt.

Ambition into Action

Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, summed up the ambition of his people in a quote:

Dubai will never settle for anything less than first place.

Indeed, the city’s economic growth has been nearly unparalleled over the past two decades. Unlike neighboring emirates, Dubai had a modest supply of oil and knew that diversifying their economy would be vital for future success.

As oil production leveled off in the early 1990s, the tourism industry ramped up. In 2002, reforms allowed foreigners to own real estate and that industry boomed overnight. Today, oil accounts for a minuscule 1% of Dubai’s GDP.

As the Middle East begins looking toward a post-oil economy, Dubai’s success provides an obvious example for other cities in the region to mimic.

Sky High Ambition

In addition to quirky attractions like the 250,000 sqft indoor ski hill, the desert city boasts a number of record-setting projects:

  • World’s tallest building – Burj Khalifa
  • World’s tallest hotel – JW Marriott Marquis Hotel
  • World’s largest shopping center – Dubai Mall
  • World’s largest indoor theme park – IMG Worlds of Adventure
  • World’s Busiest Airport (International Travelers) – Dubai International Airport
  • World’s longest fully automated metro network – Dubai Metro

Though Dubai is full of blockbuster development projects, the city’s urban form is perhaps best known for one specific attribute: height. For a city of only 3.0 million people, Dubai has a remarkable number of skyscrapers. In fact, the city trails only New York and Shanghai for the number of buildings taller than 150m (492ft).

dubai tower chart

For context, during the period of 2007–2014 Dubai essentially kept pace with high-rise development in the United States as a whole. (Dubai’s population is 0.9% the size of the United States.)

The B Word

Just as Dubai was hitting its stride, the global financial crisis blew in and choked the pipeline of money flowing into the growing city. In 2009, headlines around the world proclaimed that Dubai’s real estate bubble had finally burst.

Though the financial crisis was a setback, the city’s development industry has recovered admirably. Going into 2017, there were 11,600 active projects worth over $800 billion. As well, Expo 2020 is expected to add fuel to the twin engines of Dubai’s economy: real estate development and tourism.

With the U.A.E. set to further relax foreign ownership roles, the city’s economic prospects remain as sunny as its weather forecast.

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VC+: Get Our Key Takeaways From the IMF’s World Economic Outlook

A sneak preview of the exclusive VC+ Special Dispatch—your shortcut to understanding IMF’s World Economic Outlook report.

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VC+ Special Dispatch - Your shortcut to understanding IMF's World Economic Outlook

Have you read IMF’s latest World Economic Outlook yet? At a daunting 202 pages, we don’t blame you if it’s still on your to-do list.

But don’t worry, you don’t need to read the whole April release, because we’ve already done the hard work for you.

VC+ IMF Special Dispatch

To save you time and effort, the Visual Capitalist team has compiled a visual analysis of everything you need to know from the report—and our upcoming VC+ Special Dispatch will be available exclusively to VC+ members on Thursday, April 25th.

If you’re not already subscribed to VC+, make sure you sign up now to receive the full analysis of the IMF report, and more (we release similar deep dives every week).

For now, here’s what VC+ members can expect to receive.

Your Shortcut to Understanding IMF’s World Economic Outlook

With long and short-term growth prospects declining for many countries around the world, this Special Dispatch offers a visual analysis of the key figures and takeaways from the IMF’s report including:

  • The global decline in economic growth forecasts
  • Real GDP growth and inflation forecasts for major nations in 2024
  • When interest rate cuts will happen and interest rate forecasts
  • How debt-to-GDP ratios have changed since 2000
  • And much more!

Preview images of Visual Capitalist's breakdown of the IMF World Outlook report

Get the Full Breakdown in the Next VC+ Special Dispatch

VC+ members will receive the full Special Dispatch on Thursday, April 25th.

Make sure you join VC+ now to receive exclusive charts and the full analysis of key takeaways from IMF’s World Economic Outlook.

Don’t miss out. Become a VC+ member today.

What You Get When You Become a VC+ Member

VC+ is Visual Capitalist’s premium subscription. As a member, you’ll get the following:

  • Special Dispatches: Deep dive visual briefings on crucial reports and global trends
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  • Global Forecast Series: Our flagship annual report that covers everything you need to know related to the economy, markets, geopolitics, and the latest tech trends
  • VC+ Archive: Hundreds of previously released VC+ briefings and reports that you’ve been missing out on, all in one dedicated hub

You can get all of the above, and more, by joining VC+ today.

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