As one of seven emirates that constitute the United Arab Emirates, Dubai is located on the southern shore of the Persian Gulf on the eastern edge of the Arabian peninsula between Saudi Arabia and Oman. Once known exclusively for oil, Dubai has reinvented itself in a few short decades. DAE’s shareholders, all leaders of industry, contributed significantly to building Dubai into the world-class, luxury tourist destination and global financial center that it is today. Dubai, the home of DAE, is a cosmopolitan metropolis of spectacular superlatives. It is home to one of the fastest growing airlines in the world - Emirates, the tallest building in the world - the Burj Khalifa, the largest man-made island - the Palm Jumeirah, the largest mall - Dubai Mall, the most luxurious hotel - Burj Al Arab, the largest automated metro system, the longest dancing fountain and the most daring architecture and impressive feats of engineering.