Dubai has long enjoyed the status of being tax-free and it has always been a hot spot of tourist attraction in the Middle East. Dubai implemented Value Added Tax or VAT at the behest of GCC countries aiming to diversify their economy and driving away from being oil driven. But it was never oil that ignited the aspirations of Dubai, it was the grit to stand apart from rest of the world.
In the last three decades Dubai has developed infrastructural marvels, iconic landmarks and shopping paradises enticing people from around the globe to visit Dubai; especially from India for work and leisure alike. One of the busiest international air routes last year was Mumbai-Dubai and Delhi-Dubai to-and-fro flying around 5 crore international travellers via Dubai with a majority of 1.8 crores flying between India and UAE alone.
Destination Dubai
Dubai has been the most popular destination for foreign visitors. The Master Card Destination Cities Index 2017 gives very interesting figures to substantiate the same. Dubai remains one among top destinations cities in the world along with Bangkok, London and Paris with the highest overnight international visitor spending globally of US $ 28.5 billion. The Index indicates further insights like 10.8% of the visits were for business while 89.2% was leisure related. The breakdown of the expenditure by these international visitors were 29% in accommodation, 22% in F&B, 31% in Shopping and 18% in local services/transport. This pretty much explains why hospitality, travel and tourism sector contribute significantly to the overall GDP of Dubai.
Bu hikaye UNIQUE TIMES dergisinin January - February 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye UNIQUE TIMES dergisinin January - February 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Come Fall in Love With Lisbon
With its cobblestone alleys, trams, centuries-old churches, hand-painted ceramic tiles, and buildings in pastel shades with quaint balconies, this city is sure to fascinate travellers who love the old-world charm.
Beauty Benefits of Beetroot for Skin and Hair
Ever wondered if the secret to radiant skin and fabulous hair could be as simple as adding a splash of colour to your beauty routine?
FROM COCOON TO BOOM!
Change compels individuals to confront their limitations and discover their potential, laying the foundation for transformation. Transformation, on the other hand, involves a deeper, more deliberate process of growth. It often begins with introspection and a conscious decision to evolve. This could mean overcoming negative behaviors, adopting new habits, or shifting one's mindset.
The Science of Sleep: Mysteries of Rest
Sleep is one of the most fundamental aspects of our health, yet it is often overlooked in the hustle of modern life.
Principle Of Res Judicata And Consistency In Tax Matters A Brief Analysis From An Indian Perspective
Certainty is a cornerstone of an effective tax system, forming a crucial pillar of the rule of law.
The Health Benefits Of Love-Making
The feeling of being in love can not only have an effect on our brain, but it can also lead to changes in human physiology and behavior. According to scientists from around the world, each stage of love for another human may be driven by the release of different hormones. This cocktail of hormones released during each phase (Three phases include lust, attraction, and attachment) can influence the way that we think and behave and can have a positive effect on our well-being.
RSS: Rewarding Senior Society
Recognising the importance of maintaining social connections and the need for occasional travel, the RSS initiative includes an annual free return ticket on airlines for senior citizens. The government will compensate 50% of the fare to the airlines, making air travel more accessible and affordable for our elderly.
Fixed Deposits and Income Tax: A Must-Read for NRIs
NRIs must inform their bankers about their residential status shifts and re-designate their bank accounts and deposits accordingly. Additionally, you must also anticipate the tax obligations that follow and carry out proper tax planning with the help of your Chartered Accountant to manage your taxes.
From Dreams to Dynasties: The Story of Veekay Group's Rise
To be a world-class leader in businesses that enrich lives and contribute to nations by building sustainable infrastructure, creating long-term value, and fostering innovation.
Empowering Beauty Beyond Borders: Miss Asia Global 2024
Beauty pageants and the world of fashion and modelling have evolved into platforms that celebrate not only physical appearance but also intelligence, personality, and talent.
