By  on March 14, 2008

Escalating oil prices, a booming tourist trade and rising incomes (tax-free, to boot) have made this middle eastern emirate a haven for beauty.

With the extraordinary growth rate of its economy, population and infrastructure, Dubai has become a veritable oasis for beauty companies. As the price of oil nears $100 a barrel and tourism flourishes, sales of beauty products have skyrocketed 82 percent from 2001 to 2006, according to Euromonitor International, with a compound annual growth rate of almost 13 percent.
The figure is even more extraordinary, considering Dubai— one of seven emirates that make up the United Arab Emirates—is a city of about 1.4 million, about 25 percent of whom are women. Some 65 percent of its population is between the ages of 20 and 40.

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