The boom that Dubai has been experiencing since the 1990s is still going on, transforming the city from a desert village to a world class economic hub.
Dubai shares a range of characteristics with other tiger economies including a sustained double-digit GDP growth rate since 1994.
[1] Dubai's oil production dropped steadily from an all-time high of 450,000 barrels per day in 1995 to less than 100,000 in 2005.
Dubai attracts a great deal of foreign direct investment (FDI).
90 companies of the Fortune 100 list have located their regional offices in the city.