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Dubai - Facts At A Glance
• A stable currency, freely tradable and pegged to the US Dollar. • Gross Domestic Product (GDP) predicted to grow by 8.5 % in 2009 • Gross National Income (GNI) per capita in the UAE has risen by 23% since 2005 • Dubai has a near 100% employment rate for non-nationals. • The introduction of Dubai Law 7 allowing foreign nationals to own freehold property has created further conOdence in the property market. • Foreign Direct Investment in Dubai is reached USD 18 billion in 2005, double the USD 9 billion received in 2004. • In 2005 Dubai had 6.2 million visitors generating $9 billion in hotel revenues. • The city aims to increase the number of arrivals to 15 million by 2015. • Healthy rental market of expatriate business and service industry professionals is delivering yields up to 10%. • The population is expected to double to 2.5 million by 2010 creating an additional demand for 480,000 residential units. No wonder, Dubai is dubbed as the fastest growing city in the world.|
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