Final answer:
Dubai rapidly developed its entertainment empire and infrastructure to diversify its economy in preparation for a post-oil future, establishing itself as a major global hub for tourism and trade.
Step-by-step explanation:
Dubai has strategically invested its oil income to build an impressive entertainment empire with the anticipation of diversifying its economy for a future beyond oil. This foresight has led to the development of iconic landmarks, international trade facilities, and ambitious projects like Dubailand and Dubai Sports City, swiftly positioning Dubai as a global hub for tourism and commerce. In striving to complete these entertainment and infrastructural projects, Dubai rushed to secure its place in the global market, ensuring economic stability and growth when the oil reserves diminish, setting it apart from other oil-rich nations that might face economic challenges without similar diversification.
The development efforts have successfully turned Dubai into an international trade center with attractions such as the tallest structure in the world, a world-class port facility, and the largest artificial islands. This transformation into a bustling metropolis and popular destination for global travelers has been crucial for Dubai's vision of becoming a core region for opportunities and advantages in a globalized economy.