Dubai's real estate and construction sectors contribution to the UAE's GDP this year is likely to fall to single digit, down from 20 per cent in 2008, a senior government official said.
"These sectors used to have double-digit contribution. I don't think they will drastically fall down. I think there will be few percentage here and there but within a single digit," Hamad Buamim, Director-General of Dubai Chamber of Commerce and Industry (DCCI) told Emirates Business.
"The Dubai Municipality has recently said there were 8,000 projects on going in Dubai so the contribution of these projects to GDP will happen this year," he added.
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