Despite the international turmoil over the cost of oil, Dubai is already considered to be the Hong Kong of the Middle East.[73][74] When the world's oil supply runs out and/or it's no longer needed, Dubai would survive in a new oil-free world unlike Riyadh.[73][74] Commercial activity in the Dubai region would simply grow instead of wither because Dubai was a major trading center centuries before oil existed.[74] The emirate's trade access with Iran is similar to Hong Kong's trade with the People's Republic of China due to Iran being ostracized by the majority of the Western world.[74]

this is so informative...

I know so little of Dubai in terms of its history, so thank you for such enlightening information. Just know that it is a country rich in oil and minerals and as a result has become one of the wealthiest countries. I would definitely love to visit Dubai in the near future.