Dubai History – A Quick Overview
I enjoy traveling a lot. It’s one of my expensive but favorite hobbies. And I really think that knowing the history of a spot you visit just adds a completely new and distinct dimension to your travel experiences.
So this discussion is dedicated to Dubai history. It is not a comprehensive assessment like an encyclopedia will present. Nevertheless, it is a brief history lesson that would aid you appreciate Dubai City far more during your go to. At least I’d hope so.
The Islamic nation of United Arab Emirates (UAE) comprises seven Emirates and Dubai is one amongst them It is believed that Dubai existed at least 150 years before the Union.
Dubai contains the most number of people in all of all Emirates and is second in land mass size . It is even the most liberal, modern day and forward moving Emirate as it has developed faster and farther than its counterparts. The earliest record of the history of Dubai is dated 1095 CE. No records are identified between then and the second oldest record as of 1587, where the author discusses Dubai as a well-known place for pearl diving. As you can see, the early Dubai history is unknown till nowadays.
The royal household of Dubai (the present rulers) will be traced back to 1833 when the Al Maktoum Dynasty arrived to claim Dubai from Abu Dhabi (capital of UAE). The Dynasty was initially part of the Bin Yas clan that was settled in Abu Dhabi. This is when Dubai became an independent Emirate and the ancestry of the present royal family of Dubai commenced from here.
There were several obstacles early in the history of Dubai. Due to its idyllic Geographical location which is conducive to trading, many tried to conquer and take over the city. This is when Dubai City agreed for protection under the British (back then Britain was a very strong defence power). Once Dubai was protected under the British, the royal loved ones of Dubai took benefit of its location and got involved in trading with other countries . Many traders from numerous countries ( primarily India) came to Dubai to trade goods.
History of Dubai Currency
The Gulf Rupee was the very first currency utilized by Dubai . Qatar later joined Dubai and together formed the Riyal. The Riyal was much more stable than the Gulf Rupee, which diluted in value and literally became useless. To further stabilize its currency and its strength, in 1971, Dubai got united with Abu Dhabi to form the United Arab Emirates. Four other Emirates had already joined Abu Dhabi and one far more joined in 1972. Dubai then adopted the UAE Dirham .
The Dirham has been widely utilized for a lengthy time. Considering that it was used a lot in trade in Dubai, it spread widely amongst all merchants and traders. The Dirham was pegged to the US Dollar back in November 1997. This hasn’t changed since. Each US Dollar equates to 3.6725 Dirhams. Each Dirham is created of 100 Fills (equivalent of cents). You can most frequently see the Dirham abbreviated as “Dhs” and in some circumstances “DH”.
When I was in Dubai in 2007, there was some speculation (mostly rumors) that the Dirham may possibly be revalued for the very first time since it was pegged to the US Dollar. The speculation was chiefly due to the devaluation of the US Dollar.
A lot of people rushed to the exchange houses trying to trade in their currency. Several individuals created some quick money and some lost in the method. Luckily I had some spare money on hand and rushed to Citibank. I was able to trade in my US Dollars for much more Dirhams and later discovered an exchange house where I traded back my Dirhams for USDs , except at a far better exchange rate. I wished I had my entire bank account in Dubai at the time.