The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
DUBAI / WAM
The Emirate of Dubai continues to show growing levels of buoyancy in different business sectors, boasting growing demand and increasing returns thanks to its highly sophisticated industrial base and rising foreign investment quotas for its property and financial markets. The impressive economic success story, according to recent business reports, is attributed to a number of factors, primarily well-thought out planning that carefully takes into consideration recovery and deceleration circumstances, application of best practices and optimum utilisation
of resources.
The real estate sector in Dubai is enjoying high demand thanks to the sound, comprehensive plans devised by the government of the emirate to accommodate growing business demands and challenges associated with the fast-paced developments taking place regionally and worldwide.
The Dubai economy managed to attract AED403 billion worth of direct and indirect foreign investments during 2016. Wholesale and retail trade transactions accounted for the largest part of these investments followed by the financial sector in the second position, with real estate coming in third, according to the paper. A strong recovery was recorded on the trade, tourism and construction platforms by the emirate’s private sector, as revealed by Dubai market data at the end of December 2016.