For the first time since the first quarter of 2010, the UAE has started to show impressive growth rates in terms of projects planned and underway with a six per cent year-on-year increase, up to $614 billion, according to the Mena Construction Projects Tracker.
“This is driven by the recently announced Dubai mega real estate projects,” it stated.
Dubai has added $110 billion worth of real estate projects in November alone, bringing the UAE’s early stage projects to $199 billion, according to the report. This is up by 127 per cent from $88 billion of projects in October.
Gulf projects back on track | GulfNews.com
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