Dubai’s capital markets are much better placed to handle the recent economic fall-out in the US and the eurozone, having learned several lessons from the 2008 global crisis and its own downturn two years ago.
UAE: Dubai
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Economic update | Dubai: Real estate on track
28 Sep 2011
Dubai’s property market is validating the adage that the three most important factors in real estate are location, location, location. While much of the market is expected to post modest gains this year before rebounding more strongly in 2012, residential and commercial properties close to the emirate’s growing metro network are increasing in popularity and value at a healthier pace.
Economic update | Dubai: Retail on the rebound
27 Jul 2011
Underpinned by rising tourist arrivals and heating demand in the local economy, Dubai’s retail sector appears set to enter a period of solid growth. A recent study conducted by market research company RNOCS said that a strong tourism sector, combined with rising consumer confidence and soaring domestic consumption, would fuel growth in the retail sector across the UAE, with Dubai having become the focus of retail construction developments in the country.
Economic update | Dubai: Steady pace
27 Jun 2011
Dubai’s economy is maintaining a steady pace of recovery, with confidence returning to the marketplace, investor appetite again being whetted and some of the longer-term development schemes starting to repay the faith and capital placed in them, though the need for care in managing the emirate’s debt burden remains key.
Economic update | Dubai: Growth trajectory
27 May 2011
Long seen as a future powerhouse in the emirate’s diversified economy, Dubai’s aviation sector is starting to live up to expectations. Local carriers have been posting strong profits and expanding their network of routes, though the risk of turbulence remains.
Economic update | Dubai: A safe haven
10 May 2011
With some of the region’s leading tourism destinations such as Egypt, Tunisia and Jordan still affected by domestic unrest, Dubai is offering a safe haven for foreign holiday makers keen on a Middle Eastern getaway. Arrival numbers are up, hotels are benefitting from nearly record-high occupancy rates and business tourism is on the rise as professionals seek quieter and safer places to do deals.