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Dubai refers to either one of the seven emirates that make up the United Arab Emirates on the Arabian Peninsula, or that emirate's main city, sometimes called "Dubai City" to distinguish it from the emirate. The annual Dubai Shopping Festival (DSF) draws shoppers from the Indian subcontinent and around the region. Other, smaller shopping festivals such as Dubai Summer Surprises are held throughout the year. In February 2005 Dubai Waterfront was announced, it will be 2½ times size of Washington D.C. or the size of the island of Manhattan. Dubai Waterfront will be a mix of canals and islands full of hotels and residential areas that will add 500 miles of man-made waterfront. Dubai Also has launched Dubiotech. this is a new park to be targeted at Biotech companies working in pharma, medical fields, genetic research and even biodefense. the aim from creating this park is to foster the growth of this sector in Dubai and to utilize the regions's talent in addressing such a vital and rapidly growing sector. Dubai International Airport is a fortress hub for Emirates airlines and has a vast Duty Free shopping centre. It is also considered to be among the world's best and finest airports. Dubai airport has won many awards for its excellence in design and services. Dubai is the second largest emirate in the federation after Abu Dhabi. The emirate is located on the Persian Gulf, southwest of Sharjah and northeast of Abu Dhabi, and reaches into the interior. The town of Hatta is a segregated portion of the emirate of Dubai and borders Wajajah, Oman. Dubai's land-reclamation projects, the Palm Islands The Palm, Jumeira, The Palm, Jebel Ali, The Palm, Deira, and The World will be the world's largest artificial island complexes, developed with villas, golf courses and holiday resorts. Dubailand, a proposed entertainment complex, is to include the Mall of Arabia, the largest shopping mall in the world. Dubailand is slated to open in 2006. Nearly all the commercial establishments are run by expatriates with a silent local partner who merely "rents" the business license for a negotiated annual fee without taking part in any capital investment. The numerous free trade zones allow for full expatriate ownership, but are only suitable for large businesses.
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