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The United Arab Emirates (UAE) is a federation of seven emirates situated in the southeast of the Arabian Peninsula in Southwest Asiaon the Persian Gulf, bordering Oman and Saudi Arabia. The UAE consists of seven states, termed emirates, which are Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah and Fujairah. The capital and second largest city of the United Arab Emirates is Abu Dhabi. It is also the country's center of political, industrial and cultural activities.
The political system of the United Arab Emirates, based on the 1971 Constitution, comprises several intricately connected governing bodies. Islam is the official religion and Arabic is the official language.
The UAE, is rich in oil and natural gas, and possesses one of the most developed economies in the Middle East and is currently the thirty-sixth largest economy by nominal GDP, and is one of the richest countries in the world by per capita gross domestic product, with a nominal per capita GDP of $54,607 as per the IMF. The country is eleventh largest in purchasing power and has a relatively high Human Development Index for the Asian continent, ranking 31st globally. The United Arab Emirates is classified as a high income developing economy by the IMF.
The emirate's main revenues are from tourism, real estate and financial services. Revenues from petroleum and natural gas contribute less than 6% (2006)] of Dubai's US$ 37 billion economy (2005).] Real estate and construction, on the other hand, contributed 22.6% to the economy in 2005, before the current large-scale construction boom. Dubai has attracted attention through its real estate projects and sports events. This increased attention, coinciding with its emergence as a world business hub.
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