H. H. Sheikh Mohammed bin Rashid Al Maktoum is the Vice-President and Prime Minister of the UAE and Ruler of Dubai. On 4 January 2006, he became the Ruler of Dubai following the death of Sheikh Maktoum bin Rashid Al Maktoum.
How it was named
There are many theories about how the emirate got its name. According to one theory, the name came from a word meaning money, as people coming to Dubai were believed to have money.
Dubai is located on the eastern coast of the Arabian Peninsula, in the Southwest corner of the Arabian Gulf. Dubai is roughly at sea level (16 m/52 ft above). The emirate shares borders with Abu Dhabi in the south, Sharjah in the northeast and the Sultanate of Oman in the southeast. Dubai is the second largest emirate with an area of 4,114 sq km.
Dubai’s economy relies on trade, services and finance sectors. In more recent years, the emirate has become a major venue for: Meetings, conferences, exhibitions, Tourism, Corporate regional headquarters, Regional transport, distribution and logistics centre, Banking, finance and insurance, Business and industrial consulting, Information and Communications Technology, Light and medium manufacturing. The GDP reached around 338 billion AED as of 2014.
Dubai’s population was estimated at 2.3 million as of 2014.