The economic performance of Dubai in the time since past years indicates that the Dubai is headed into a successful phase of quick growth as a result of financial and monetary stimulus packages started by the UAE federal authorities as well as the Government of Dubai”
Key factors that will effect development in next year is predictable turnaround in the construction and real estate sector.Similarly, optimistic signal on Asset demand is going to go up and prices of properties are beginning to appreciate inDubai. As well Economic Growth figures indicate that Dubai has been successful in overcoming the impacts of the worldwide crisis and the developments that would place Dubai as a global hub for finance and business.
As a rapid growth result, Dubai’s economy has recorded a growth of 2.8 percent in 2010, 3.4 percent in 2011, and estimated to have grown by around 4.3 percent in 2012 and 3.8 percent in 2013.
“ShaikhHamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, attributed Dubai’s ability to keep pace with the rapid regional and international economic developments to the flexibility, diversity and dynamism of its economy, in a foreword to the report.
Expressing his satisfaction over results achieved by Dubai’s various economic sectors, ShaikhHamdan said that the maturity of Dubai’s economy promoted a wide range of business opportunities, calling for closer cooperation between both the private and public sectors to tap into these opportunities, building on Dubai’s remarkable achievements over the past four decades.”
Dubai has constant economic growth and keeps the international capital market, as it’s always positive for trading activities offoreign and domestic, sustained to be the forte of the economy andkey source of revenue. Internationally and locally, Dubai has established itself as a favorite’sdestination for tourists due to its unique attractions and busy events. Thus, Dubai’s core economic sectors are trade and tourism which indicates a steady increase in economic growth activity and continued investment movements.
In spite of its narrow manufacturing base, the industrial sector has contributed enormously to Dubai’s economy development. In past years, the industrial sector’s growth was led by strong exports, while trade and logistics constituted the core competency of Dubai’s economy recovery.
Generally, the future of the Dubai’s economy is shaping up impressive that will inspire inward investment as the Dubai and as well as have the best infrastructure and economic developing history and future.