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Has the real estate and tourism-led economic model pursued by Dubai failed?

April 26, 2017Dubai Economic failed model pursued Real Estate

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Has the real estate and tourism-led economic model pursued by Dubai failed?

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The Dubai model as explained above was not based on tourism and real estate alone. These two were the consequences. Dubai still remains a financial and logistics centre for the GCC. The model is more speculative but has not failed. Like all speculative investments, there will be ups and downs based on market conditions. I am quite sure it cannot lose its strategic importance, at least within the GCC.