2011 proved to be a much better year for the Dubai economy than many forecasters expected with a surprise to the upside for aviation, hospitality, retailing, oil prices and even real estate, all partly due to the Arab Spring unrest in the region.
Tourists came to Dubai because other countries became off-limits, and some rich Arabs chose to make their home in Dubai and moved businesses here. At the same time a combination of global money printing by the central banks and growth in China sent oil revenues to record levels.
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