A banner displays the portraits of Sheikh Mohammed bin Rashin Al Maktoum, Dubai's ruler, left, and Sheikh Abdullah bin Zayed Al Nahyan, an Abu Dhabi royal, on a building near a construction site in the financial district of Dubai.

Photographer: Chris Ratcliffe/Bloomberg

A banner displays the portraits of Sheikh Mohammed bin Rashin Al Maktoum, Dubai's ruler, left, and Sheikh Abdullah bin Zayed Al Nahyan, an Abu Dhabi royal, on a building near a construction site in the financial district of Dubai.

Photographer: Chris Ratcliffe/Bloomberg

Dubai Rising: Scenes From a Global Financial Center

Dubai invested billions of dollars to become a regional trade, tourism and financial hub although it doesn't have a substantial oil revenue like fellow Gulf Arab sheikhdoms. The city is home to the world's tallest tower, the Middle East's biggest mall, one of the globe's busiest airports as well as one of the most volatile stock markets. Professionals from all over the world are lured to Dubai by its tax-free status and its multi-national mix.
Emerging From the Desert
Emerging From the Desert
Dubai emerged like a mirage from the desert over the past 20 years.
Photographer: Chris Ratcliffe/Bloomberg
Finance
Finance
Traders at the Dubai Financial Market, where companies such as developer Emaar Properties PJSC are listed.
Photographer: Chris Ratcliffe/Bloomberg
Staying Calm
Staying Calm
Traders often find themselves on a roller-coaster ride as Dubai's benchmark stock index is among the most volatile in the world.
Photographer: Chris Ratcliffe/Bloomberg
Watching the Markets
Watching the Markets
Traders monitor share price information and other financial data inside the Dubai Financial Market (DFM) stock exchange.
Photographer: Chris Ratcliffe/Bloomberg
Off to the Races
Off to the Races
Spectators during an evening of horse racing at Meydan racetrack. Dubai's ruler is among the world's biggest owners of race horses.
Photographer: Chris Ratcliffe/Bloomberg
Dubai World Cup
Dubai World Cup
Dubai hosts the Dubai World Cup, the richest horse race globally.
Photographer: Chris Ratcliffe/Bloomberg
The Burj Khalifa
The Burj Khalifa
The city is home to large-scale property developments such as this one in 'Down Town,' featuring the world's tallest building, the Burj Khalifa tower.
Photographer: Chris Ratcliffe/Bloomberg
Rulers
Rulers
Sheikh Mohammed, Dubai's ruler, and Sheikh Khalifa, the president of the United Arab Emirates, oversee the construction boom.
Photographer: Chris Ratcliffe/Bloomberg
The Mall
The Mall
Women wearing hijabs pass the giant indoor aquarium in the Dubai Mall. The mall isn't just for shopping but also for diving with sharks and ice-skating.
Photographer: Chris Ratcliffe/Bloomberg
Abrah Crossing
Abrah Crossing
In old Dubai, you can still take an abrah across the creek in Al Ghubaiba's creek district, like traders have done for hundreds of years.
Photographer: Chris Ratcliffe/Bloomberg
Souvenirs
Souvenirs
A store keeper waits for customers at a souvenir shop selling traditional Emirati clothing in Al Ghubaiba's creek district.
Photographer: Chris Ratcliffe/Bloomberg