Pestle Analysis Of Dubai

The PESTLE Analysis with the consideration of Dubai can be well covered with the various aspects covered in depth. The Middle Eastern Country located in the Arab Peninsula attracts tourism to a greater extent. The economy of Dubai is strong and the reasons attributed are the location and the trade possibilities which attract the investors to a considerable level. The Gross Domestic Product is a favourable aspect too, considering Dubai (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). The export of oil and the fossil fuels has been increasing. As compared to the past decade, the exports of oil from the Dubai economy has increased by two folds. This also well demonstrates the crucial capabilities. The circumstances that the country has can be well attributed with the consideration of the PESTLE Analysis.

Dubai PESTLE FACTS

The PESTLE Analysis considers the various factors that are aligned to the Political, Economic, Social, Technological, Legal and Environmental too. The political factors tend to be crucial is case of the growing economy that Dubai boasts of (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). The commitment based on the Sustainability Policy stems from the objectives as part of the activities of a forum. The policy along with the objectives are being encouraged with the champions of the sustainability across the organizations that are part of the Dubai economy. The trade relations with the other economies have enhanced due to the consideration of a stronger government with the flexibility too (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). The current prevalent government in case of Dubai showers the enhanced benefits for the stakeholders. The various companies that are operational are bound to grow with the initiatives and the promotional benefits being provisioned by the current government.

The economic factors that into account the economic variables and the circumstances that have impacted Dubai into becoming the exporter for oil and the fossil fuels. The economic variables have largely been responsible for the growth in the economy. The economy of Dubai is strong and the reasons attributed are the location and the trade possibilities which attract the investors to a considerable level (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). The Gross Domestic Product is a favourable aspect too, considering Dubai. The export of oil and the fossil fuels has been increasing. As compared to the past decade, the exports of oil from the Dubai economy has increased considerably. The exceptional Gross Domestic Product in case of Dubai cannot be undermined. The Unemployment Rate in Dubai is low and is not more than 2.5% currently (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). This has further reduced from a prevailing 3% a decade ago.

There are the prevalent social factors too as part of the Dubai economy that needs to be well considered. The social factors are interesting to one (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). The inhabitants of Dubai have the comfortable lifestyles and this is well attributed to the change in the life and the lifestyle for the community. The globalization has been largely responsible for the growth of the economy. Globalization is important as it brings about various benefits coupled with the challenges. There is the established part which forms an important part considering the global economy (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). The development of the newer technologies with respect to the various aspects tends to bring about the significant change. The varied cultures are prevalent in case of Dubai including the expats. This contributes to the growth of the economy largely. There are the interesting growth opportunities that are prevalent which aids in the enhancing of the lifestyle. Religion is an important matter with respect to Dubai (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). The population respects the religion and the counties in trade with Dubai too respect the religion. The special clothing for example by the native is being treated with greater respect too.

Considering the Technological Factors that are prevalent in case of Dubai, there is a lot that can be considered with respect to the growth of innovation. The tech savvy young population of the Dubai contributes to this factor in a positive manner. The immense wealth that has been part of the economy is due to various factors (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). The richness is due to the newer equipment’s being brought to the consumers. These are imported and offer greater value too.

As part of the PESTLE Analysis, the abundant resources that Dubai boasts of contributes well as part of the environmental factors. Their country has the hot and the dry climate. The commitment based on the Sustainability Policy stems from the objectives as part of the activities of a forum (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). The policy along with the objectives are being encouraged with the champions of the sustainability across the organizations that are part of the Dubai economy. Being the coastal area, the trade with the sea besides is helpful for Dubai economy.

The legal factors in consideration of Dubai are important too. There have been repercussions and the results of the malpractices barring the political factors (Al Jawali, et al., 2021; Ziadah Ziadah, 2018). This has resulted in the legal framework to be far more flexible as that was earlier prevalent.

Conclusion

The PESTLE analysis covered for Dubai brings about the essential considerations. These are closely linked to the internal and the external factors. The Middle Eastern Country located in the Arab Peninsula attracts tourism to a greater extent (Breslow, 2021). The economy of Dubai is strong and the reasons attributed are the location and the trade possibilities which attract the investors to a considerable level. The Gross Domestic Product is a favorable aspect too, considering Dubai. The export of oil and the fossil fuels has been increasing. The commitment based on the Sustainability Policy stems from the objectives as part of the activities of a forum. The policy along with the objectives are being encouraged with the champions of the sustainability across the organizations that are part of the Dubai economy. The trade relations with the other economies have enhanced due to the consideration of a stronger government with the flexibility too. The current prevalent government in case of Dubai showers the enhanced benefits for the stakeholders. The Gross Domestic Product is a favorable aspect too, considering Dubai. The export of oil and the fossil fuels has been increasing. As compared to the past decade, the exports of oil from the Dubai economy has increased considerably. The exceptional Gross Domestic Product in case of Dubai cannot be undermined (Breslow, 2021). Globalization is important as it brings about various benefits coupled with the challenges. There is the established part which forms an important part considering the global economy. The development of the newer technologies with respect to the various aspects tends to bring about the significant change. The varied cultures are prevalent in case of Dubai including the expats. This contributes to the growth of the economy largely. There are the interesting growth opportunities that are prevalent which aids in the enhancing of the lifestyle. With the various industries trying to boom in Dubai, the potential stands to be great.

References

Al Jawali, H., Darwish, T. K., Scullion, H., & Haak-Saheem, W. (2021). Talent management in the public sector: empirical evidence from the Emerging Economy of Dubai. The International Journal of Human Resource Management, 1-29.

Breslow, H. (2021). The smart city and the containment of informality: The case of Dubai. Urban Studies, 58(3), 471-486.

Ziadah, R. (2018). Transport Infrastructure and Logistics in the Making of Dubai Inc. International journal of urban and regional research, 42(2), 182-197.