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.


wikipedia


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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