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Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP . [ 1 ]
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
The proposed $5 billion real estate project wants to take skyscraper-studded Dubai to new heights. ... discusses his brainchild at the Arabian Travel Market, May 4, 2023, in Dubai, United Arab ...
The United Arab Emirates is a high-income developing market economy.The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023.
Dubai's real estate market had become oversupplied, with a large number of new properties being built to meet the increasing demand. However, during the 2007–2008 financial crisis, demand for property in Dubai decreased, leading to an oversupply of properties that were difficult to sell. [6]
Dubai Leaks is a global collaborative investigative journalism project that has revealed the global elite's ownership of properties in Dubai. The project, named Dubai Unlocked , is based on data that provides a detailed overview of millions of properties in Dubai and information on their ownership or use, mostly between 2020 and 2022.
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List of communities in Dubai; List of development projects in Dubai; List of free-trade zones in Dubai; List of hospitals in Dubai; List of hotels in Dubai; List of Industrial areas in Dubai; List of parks in Dubai; List of shopping malls in Dubai; List of sports venues in Dubai; List of universities and colleges in Dubai