Dubai: Evolution of a Financial Hub

This chapter discusses Dubai's transformation into a leading financial center since the 1990s, focusing on the pivotal role of the Dubai International Financial Center (DIFC) and its unique regulatory advantages. It addresses both the appeal of Dubai's lifestyle and the challenges posed by global scrutiny regarding money laundering and financial compliance. Furthermore, the chapter explores the potential effects of economic fluctuations and the ongoing ambitions of Dubai's leaders to maintain its status as a key investment destination.