UAE: Dubai

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Plans by the emirate’s authorities to tighten regulatory oversight for health insurance and put in place a long delayed scheme for mandatory coverage will likely result in major changes to the sector.
The emirate’s economy continued its recovery in 2012, with a number of key sectors posting high growth over the past 12 months. However, there are some concerns that the rebound could happen too quickly, resulting in further difficulties in the future.
New visa regulations designed to allow foreign visitors undergoing medical treatment to stay for up to nine months are expected to reinforce Dubai’s appeal as a health tourism destination, and are part of a long-term plan to further build on the solid health care industry that has been developed.
The banking sector is still dealing with fallout from the 2009 economic crisis, but banks are slowly reducing their bad debt ratios thanks to new requirements set out by the central bank and due to come into effect next year.
With greater emphasis being placed on quality rather than quantity, the real estate sector is witnessing increasing competition in the facilities management sphere, presenting opportunities to experienced companies looking to maintain both commercial and residential buildings.
Tourism is cementing its position as one of the leaders of Dubai’s economic recovery from the global recession, as a burgeoning holiday trade leads to growing numbers of tourist arrivals that help to fill the new hotels. Lingering uncertainty in the wider market, however, could give pause to rapid hotel development.

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