A Comparative Analysis Of The Emirates Of Abu Dhabi And Dubai

A Comparative Analysis Of The Emirates Of Abu Dhabi And Dubai

So is Abu Dhabi the next Dubai? We think so. Except Abu Dhabi is much smarter, more patient and richer! They have carefully studied the mistakes Dubai made on its way up. One among the causes of the global economic recession that started in 2008 was the financial errors made by Dubai. Abu Dhabi might make new mistakes of its own, however it'll certainly not repeat Dubai's.

Furthermore, Abu Dhabi has a much more powerful financial foundation than Dubai. Dubai relied heavily on trade at its ports, tourism (hotel industry) and real estate appreciation due to the expat revolution when jobs were on the rise. Petroleum reserves constitute less than 7% of the annual GDP. Abu Dhabi however was sitting on over 50 years of oil reserves as of 2008. The emirate of Abu Dhabi has been better endowed with petroleum resources.

Abu Dhabi is also known to be more conservative economically. The administrators of Abu Dhabi, for instance, are prudent enough to not squander away their petroleum reserves in order to gain money for the rapid real estate development path that was taken by Dubai.

Apart from the core fundamentals, the main problem of Dubai is that it didn't use enough forethought in predicting the future economic scenario. We wouldn't say that it failed to see what was coming, rather it did not care to even think about it. If you have looked at the 60 Minute interview with Sheikh Mohammed you know what we're talking about (a must-watch video).

The creation of this small sub section of our website has really taken a lot of time and effort. We intend on covering some of the same topics we covered for Dubai. As we continue to visit and get to know more about Abu Dhabi city, we will keep adding to it. We hope to be your guide as the city progresses to become a solid and desirable Emirate-Nation, we will constantly try our level best to offer adequate information so as to act as a guide to promote the emirate.

As Abu Dhabi develops, more jobs will be created and more expatriates will move causing the real estate infrastructure to develop as well as various industries in order to support a growing Emirate. Think about the development of Dubai.

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