Dubai’s recovery is happening, at least that’s what stakeholders and data points are showing. And yet, for some an overreliance on Dubai before the crisis means that if one lesson has been learned, it’s that more geographical diversity is key.
The Prime Global Rental Index, published by Knight Frank earlier this month, showed that rents in prime locations in Dubai rose by more than three percent during the first half of the year bolstered by steady economic growth.
The International Institute of Finance (IIF) expects Dubai to lead economic expansion in the United Arab Emirates (UAE) with gross domestic product (GDP) growth of 4.2 percent in 2013.
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