Dubai’s standing as a global business and trade hub is long acknowledged and much celebrated. But what future historians might find most striking about Dubai could perhaps be its role as a crystal ball to gaze at the future of the region. Dubai has been a trend setter; so much so that the region appears to simply mimic its success.
Whether it is the modest renaming of a government department, or the launch of path-breaking concepts such as freehold property, Dubai has left an indelible impact on the rest of the region. The simple act of renaming the Dubai Economic Department as the Department of Economic Development has had such extraordinary appeal that every emirate within the UAE, like countries across the region, began adopting the new name. For Dubai, the change was not just in the name, but in the approach, and one does not know how far this was true of the other changes.
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