The Meena Bazaar area of the city has both a Shiva and Krishna temple. Both are believed to be sanctioned by the late ruler of Dubai, Sheikh Rashid Bin Saeed Al Maktoum. There is an electric crematorium run by a group of Indian expatriates. Non-Muslims in the country are free to practice their religion but may not proselytise publicly or distribute religious literature. The government follows a policy of tolerance towards non-Muslims and Polytheists, and interferes very little in the religious activities of non-Muslims.

In early 2001, ground was broken for the construction of several additional churches on a parcel of land in Jebel Ali donated by the government of Dubai for four Protestant congregations and a Roman Catholic congregation. Construction on the first Greek Orthodox Church in Dubai (to be called St. Mary's) would begin at the end of 2005, members of the Eastern Orthodox Christian community in the UAE have had to use churches of other denominations for services, until General Sheikh Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister, donated a plot of land in Jebel Ali.

Apart from donated land for the construction of churches and other religious facilities, including cemeteries, non-Muslim groups are not supported financially or subsidised by the government. However, they are permitted to raise money from among their congregants and to receive financial support from abroad. Christian churches are permitted to openly advertise certain church functions, such as memorial services, in the press.

Oil reserves in Dubai are less than one-twentieth that of the emirate of Abu Dhabi, and oil income is now only a small proportion of the city's income.

Dubai and its twin across the Dubai creek, Deira (independent at that time), became important ports of call for Western manufacturers. Most of the new city's banking and financial centers were headquartered in the port area. Dubai maintained its importance as a trade route through the 1970s and 1980s. The city of Dubai has a free trade in gold and until the 1990s was the hub of a "brisk smuggling trade" of gold ingots to India, where gold import was restricted.

Today, Dubai is an important tourist destination and port (Jebel Ali, constructed in the 1970s, has the largest man-made harbour in the world), but also increasingly developing as a hub for service industries such as IT and finance, with the new Dubai International Financial Centre (DIFC). Transport links are bolstered by its rapidly-expanding Emirates Airline, founded by the government in 1985 and still state-owned; based at Dubai International Airport, it carries over 12M passengers a year.

The government has set up industry-specific free zones throughout the city. Dubai Internet City, now combined with Dubai Media City as part of TECOM (Dubai Technology, Electronic Commerce and Media Free Zone Authority) is one such enclave whose members include IT firms such as EMC Corporation, Oracle Corporation, Microsoft, and IBM, and media organisations such as MBC, CNN, Reuters, ARYand AP. Dubai Knowledge Village (KV) is an education and training hub is also set up to complement the Free Zone’s other two clusters, Dubai Internet City and Dubai Media City, by providing the facilities to train the clusters' future knowledge workers.