Dubai economy up in 2013, no 'bubble' | GulfNews.com:
"Dubai’s economy has been on an upswing this year so far, driven by services, transportation, logistics, retail and tourism sectors, Simon Williams, chief economist for Middle East and North Africa at HSBC told Gulf News.
The emirate has recovered from the corporate debt crisis and real estate slump which it faced in 2009 and 2010 by enhancing its position as a major destination for travel and investment from the Middle East and Europe.
Dubai’s real gross domestic product (GDP) is projected to climb 4.7 per cent in 2013, and by 4.5 per cent in 2014, according to estimates by Dubai’s Department of Economic Development (DED)."
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