The most populous city in the United Arab Emirates, Dubai, is also one of the Middle East’s biggest business hubs. One reason that Dubai attracts people from across the world is that the city has a 0% income tax. Yep, you heard correctly. Dubai dwellers, now numbering 2.7 million people, can pocket all of the cash they earn.
Not surprisingly, the city is developing rapidly as a result, with 20% of the world’s construction cranes located there. Currently the world’s biggest mall, tallest hotel, and largest aquarium are already situated in this stunning city. Visitors not on a budget can also stay at the world’s only 7-star hotel, the Burj al Arab.
What’s the currency in Dubai?
The United Arab Emirates (UAE) Dirham, usually known as the Emirati Dirham, is the official currency of the UAE. Introduced in 1973, the currency replaced the Qatar and Dubai Riyal. Officially the currency is abbreviated as AED, but DH and Dhs are also used unofficially. It’s divided into 100 fils, which is a modern retranscription of Fals, a medieval Arabic coin.