Abu Dhabi. Oil-Rich Capital of the UAE
CoolVision・2 minutes read
Abu Dhabi, once a fishing and pearl collecting town, transformed into a luxurious capital known for its modern skyscrapers and oil production, contributing significantly to the UAE's economy. The city boasts attractions like Ferrari World and the Sheikh Zayed Grand Mosque, with tax-free salaries but high rental costs and strict cultural norms to consider.
Insights
- Abu Dhabi, the largest emirate in the UAE, has a rich history rooted in pearl diving and fishing, but its transformation into a modern, oil-driven metropolis has positioned it as a key player in the global economy, contributing significantly to the country's wealth and development.
- The diverse population of Abu Dhabi, with locals forming a minority, underscores the city's attraction to skilled expatriates who are drawn by high salaries and a tax-free income. The government's initiatives to support and empower nationals through various perks and benefits aim to cultivate a competitive local workforce capable of holding top positions in a city that balances traditional cultural values with modern amenities and attractions.
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Recent questions
What is the main industry in Abu Dhabi?
Oil
What are some popular attractions in Abu Dhabi?
Sheikh Zayed Grand Mosque, Emirates Palace Hotel, Etihad Towers
What is the climate like in Abu Dhabi?
Hot desert climate with minimal rainfall
What percentage of Abu Dhabi's population are locals?
20%
What are the restrictions on alcohol in Abu Dhabi?
Restricted to licensed establishments
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Summary
00:00
Abu Dhabi: From Fishing Town to Luxurious Capital
- Abu Dhabi was once a fishing and pearl collecting town until the discovery of oil in the 1960s transformed it into a luxurious capital striving to be among the world's best.
- Abu Dhabi is the largest emirate in the UAE, occupying 87% of the territory, producing 95% of the country's oil, and contributing significantly to the UAE's economy.
- The city's core is a wedge-shaped island connected to the mainland, featuring modern skyscrapers, opulent shopping malls, and lush greenery maintained through desalinated sea water and groundwater sources.
- Before the oil boom, Abu Dhabi thrived on pearl diving in the shallow Arabian Gulf waters, with the industry eventually declining due to the cultivation of artificial pearls.
- In 1971, Abu Dhabi became the capital of the UAE, with Sheikh Zayed bin Sultan becoming the first president, and the city now holds a significant portion of the world's oil reserves.
- The population of Abu Dhabi is rapidly growing, with locals making up only about 20% of the population, while foreigners, mainly skilled professionals from Europe and the US, earn high salaries.
- The UAE government provides perks to nationals, such as gifts for newlyweds, covering tuition fees for outstanding students, and settling debts, aiming to grow local professionals to compete with expats for high-ranking positions.
- Abu Dhabi's hot desert climate with minimal rainfall makes it essential to visit during the winter season from November to March, with the city boasting attractions like the Abu Dhabi Corniche, Emirates Palace Hotel, and Etihad Towers.
- Yas Island offers entertainment options like Ferrari World, Yas Marina Circuit, and upcoming attractions like Warner Brothers World and Sea World Abu Dhabi, while Saadiyat Island features the Louvre Abu Dhabi and plans for the Guggenheim Museum and Zayed National Museum.
- The city also houses the Sheikh Zayed Grand Mosque, one of the largest mosques globally, surrounded by pools and adorned with intricate marble mosaic work, a massive carpet, and chandeliers with Swarovski crystals, showcasing the architectural and cultural richness of Abu Dhabi.
19:30
Living Costs and Culture in Abu Dhabi
- Salaries in Abu Dhabi are tax-free, but renting a two-bedroom apartment in a high-end building can cost between thirty to fifty thousand dollars annually. Some rentals require a yearly lease and upfront rent payment. Alcohol is restricted to licensed establishments, foreigners must adapt to the call to prayer five times a day, and dress conservatively. Nightlife in Abu Dhabi is limited compared to Dubai, which is 130 kilometers away, about a 90-minute drive, allowing frequent travel between the two cities.
