Wednesday, March 23, 2011

Dubai forecasting growth of up to 5 per cent in 2011

According to Abdul Rahman Al Ghurair, chairman of the Dubai Chamber of Commerce and Industry, Dubai is expecting a real growth of 3-5 per cent in 2011 after a promising rise in the economy in 2010. Dubai suffered severly in 2008 after the financial crisis.


The direction of the real estate market, which has suffered especially over the last 2 years, is not yet clear. But the low prices have attracted many new businesses which in the end will lead to growth again.

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