Emirate of Abu Dhabi and traditional mud-brick huts were rapidly replaced with banks, boutiques and modern highrises. The United Arab Emirates is located in the oil-rich and strategic Persian Gulf region. It adjoins the Kingdom of Saudi Arabia and the Sultanate of Oman. Abu Dhabi is located in the far west and southwest part of the United Arab Emirates along the southern coast of the Persian Gulf between latitudes 22°40’ and around 25° north and longitudes 51° and around 56° east. It borders the emirate of Dubai and emirate of Sharjah to its north. The total area of the Emirate is , occupying about
Economy of the United Arab Emirates a point in case of the milestones that have given the UAE its high profile of a global tourist destination. According to 2013-2014 Global Competitiveness Report, the UAE ranked fourth worldwide in terms of infrastructure quality. Some of the significant real-estate projects are: Among the most prominent financial centers in the UAE are: Economy of the United Arab Emirates The economy of the United Arab Emirates is the second largest in the Middle East (after Saudi Arabia), with a gross domestic product (GDP) of $403.2 billion (AED 1.46 trillion) in 2014. The Emirates have been successfully diversifying its economy. Although