Abu Dhabi:The richest city in the world

The richest city in the world
“…Welcome to Abu Dhabi, the capital of the United Arab Emirates and the richest city in the world. The emirate's 420,000 citizens, who sit on one-tenth of the planet's oil and have almost $1 trillion invested abroad, are worth about $17 million apiece. (A million foreign workers don't share in the wealth.) Yet most people couldn't find Abu Dhabi on a map. Khaldoon's job is to change that. Tall, handsome, and politically savvy, he wants to make his hometown mentioned in the same breath as Singapore, Tokyo - and yes, Dubai…”

Dubai needs a 'realty check'
“…Dubai's red hot property sector may be a speculator's dream, but for overseas institutional investors the market's breathtaking price appreciation and incomplete regulatory framework is giving rise to a "wait and see" approach, say analysts…”

High hopes, low wages
“…Dubai's one million immigrant laborers, about two-thirds of its population, are housed in company-owned dormitories, fed by their employers, and paid about $4 a day--not much for a city where a hotel room can cost $300 a night…”

Hotels in Abu Dhabi receive 1.2m guests
“…Hotels in Abu Dhabi welcomed 1.2 million occupants in 2006 and this year the number is expected grow bigger, said Ali Al Hosni, Marketing Manager, Abu Dhabi Tourism Authority... He hoped that the Gulf Incentive, Business Travel and Meetings (GIBTM) exhibition which concluded in Abu Dhabi would be instrumental in giving Abu Dhabi a place which it deserves in the world meetings, incentives, conferences and events (MICE) industry…”