1: Strategic Location:Dubai's geographic location positioned it as a key trading hub between the East and the West.2:Oil Discovery:The discovery of oil in the 1960s provided the financial foundation for Dubai's initial development.3:Visionary Leadership:The visionary leadership of the ruling Al Maktoum family, particularly Sheikh Rashid bin Saeed Al Maktoum and his successors, prioritized long-term planning and ambitious development projects.4:Diversification Strategy:Anticipating the finite nature of oil reserves, Dubai aggressively pursued economic diversification. Investments were made in tourism, aviation, real estate, finance, and trade, transforming the city into a multifaceted economy less reliant on oil.5:World-Class Infrastructure:Significant investments in world-class infrastructure, including the construction of major ports (e.g., Jebel Ali), airports (e.g., Dubai International Airport), and iconic buildings (e.g., Burj Khalifa), facilitated both tourism and business activities.6:Free Trade Zones:Establishing free trade zones, such as Jebel Ali Free Zone (JAFZA) and Dubai International Financial Centre (DIFC), attracted foreign investment by offering tax incentives, full foreign ownership, and simplified business regulations.7:Tourism Development:Dubai strategically developed its tourism sector, creating luxury hotels, shopping malls, and entertainment facilities.8:Cultural and Social Openness:Dubai's relatively liberal social policies compared to its regional neighbors made it an attractive destination for expatriates and tourists.9:Business-Friendly Environment:The government implemented business-friendly policies, such as minimal taxes, ease of setting up businesses, and strong legal protections for investors, which made Dubai a preferred location for multinational corporations.10:Hosting Global Events:Hosting high-profile global events, such as the annual Dubai Shopping Festival, Dubai Airshow, and Expo 2020, showcased Dubai on the world stage and drove economic activity, further cementing its status as a global city.