Strong fundamentals and a diversified economy are keeping concerns at bay in Dubai, despite a potential cooling of investor sentiment across the region and weakening global conditions.
UAE: Dubai
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Economic update | Dubai Year in Review 2014
7 Jan 2015
The real estate sales market in Dubai has outperformed the rental market in the last year, sparking a squeeze in yields and prompting concerns that the fundamentals of the market are becoming skewed.
Expanding public transport has become a priority for Dubai as it looks to accommodate both a rapidly rising population and the millions of visitors expected to attend World Expo 2020.
Since its establishment in late May 1981, the GCC has experienced over three decades of rapid economic growth. The bloc’s six members – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have benefitted from greater integration and cooperation over the years, and continue to work to diversify their economies to maintain their competitive edge.
Never far from the headlines, the region faces a number of significant political and economic challenges. Amidst this, however, the economies of the Middle East offer numerous opportunities for investors, across all sectors.
When the UAE officially transitioned from “frontier” to “emerging” on a key market index in June 2013, a new era of both greater opportunity and closer scrutiny for the financial markets in Dubai was ushered in. The results are already coming to the fore: stocks across the UAE are up 41% in 2014 and 89% over the last year as of June, while capital markets in Dubai are starting to draw more attention from foreign investors.