- In recent months, the spotlight has been firmly on Dubai’s residential Property sector, where after trending up for a number of years – rental value growth has stalled and prices have begun to register falls.
- Last year, Dubai International (70.3 million) overtook London Heathrow (68.1 million) as the world’s busiest international airport by passenger numbers. However, largely due to rising supply the hotel sector performed sluggishly. Notable openings included the Four Seasons at Jumeirah Beach, Sheraton on Sheikh Zayed Road, and Doubletree hotels by Hilton in JBR and Al Barsha.
- On a more positive role, healthy expansion in the private non-oil economy underpinned strong growth in rents across the commercial property sectors last year.
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