Dubai Growth in GDP
The fastest growing city in the world, Dubaiís energy and ambition is embodied in breathtaking icons of design, luxury, and hospitality.†An exceptional destination for tourists and a cosmopolitan home for residents, Dubaiís landscape comprises of innovative entertainment and leisure options, globally renowned retail and shopping destinations, a world-class sporting calendar, dynamic business sectors such as trade, transportation, construction, manufacturing and tourism.

Key Indicators:  
  • Dubai's tax free status means zero stamp duty, income and capital gains tax on sales and rentals

  • A strong rental market currently offers yields of up to 10% per annum

  • High capital growth in excess of 15%, supported by high demand for property and exciting new developments underway

  • 80% expatriate population while immigration and tourism figures continue to expand at exceptional levels. Tourism is targeted to increase to 15 million visitors and immigration to 3.5 million by 2010, all boding well for property investors

  • Dubai's real gross domestic product (GDP), which surged to a record Dh198 billion in 2007, is predicted to sustain an average growth rate of 11 per cent for the next eight years

  • The main driver of this remarkable growth - outpacing the average growth rate forecast for the GCC - will be the non-oil sector, growing at a spectacular pace


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