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In the early 1990s, it was discovered that the known oil reserves of Dubai, one of the seven emirates that comprised the United Arab Emirates (UAE), would be exhausted by 2016. This led the government of the city state to look for new growth opportunities. Accordingly, the government of Dubai decided to reduce its dependence on oil as a major contributor to the gross domestic product (GDP) and focus on other areas of the economy. The case starts with a brief history of the emirate and then goes on to its growing prosperity due to the discovery of oil. The subsequent section attempts to highlight how the government of Dubai transformed the emirate from a fishing settlement to a hub of tourism, trade and transport. The concluding section raises a question regarding the state''s ability to ensure political and civil stability, which Dubai was exposed to.