The construction and real estate sectors in Dubai have registered a near five percent fall in 2010, a top Dubai government official told AFP on Monday of the sector hit hard by the financial crisis.
"I believe that all the main sectors have registered varying proportions of growth (in 2010), except property and construction which saw a five percent drop," Sami al-Qamzi, director general of the Dubai department of economic development, told AFP.
Growth in the construction sector is based on supply and demand, thus "its recovery will take a longer time," added Qamzi, who was speaking on the sidelines of the Global Agenda Summit in Dubai.
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