Located in the eastern part of the
Arabian Peninsula on the coast of the
Persian Gulf, Dubai aims to be the business hub of
Western Asia. It is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. Dubai's oil output made up 2.1 percent of the Persian Gulf emirate's economy in 2008.A centre for regional and international trade since the early 20th century,
Dubai's economy relies on revenues from trade, tourism, aviation, real estate, and financial services. According to government data, the population of Dubai is estimated at around 3,400,800 as of 8 September 2020.