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Dubai was known for its pearl exports until the 1930s; the pearl trade was damaged irreparably by the Great Depression in the 1930s and the innovation of cultured pearls.

With the collapse of the pearling industry, Dubai fell into a deep depression and many residents starved or migrated to other parts of the Persian Gulf.

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The exodus from Abu Dhabi was led by Ubaid bin Saeed and Maktum bin Butti who became joint leaders of Dubai until Ubaid died in 1836, leaving Maktum to establish the Maktoum dynasty.

An airport of sorts (a runway built on salt flats) was established in Dubai in the 1950s and, in 1959, the emirate's first hotel, the Airlines Hotel, was constructed.

This was followed by the Ambassador and Carlton Hotels in 1968.

The captain gave the order to abandon ship but two lifeboats capsized and a second explosion occurred.

A flotilla of small boats from Dubai, Sharjah, Ajman and Umm al-Quwain picked up survivors but in all 238 lives were lost in the disaster.

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