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When did the Dubai real estate boom start?

April 26, 2017boom Commercial Dubai Estate Real Estate

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When did the Dubai real estate boom start?

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Dubai real estate boom begins 2002.As the emirate of Dubai is not rich with oil like Abu Dhabi, Dubai has always focused on the development of its economy by establishing itself as a trading hub between the East and West.With a growth rate of 25% per year the UAE GDP is expected to reach anywhere from Dh 500-900 billion by the year 2010.The population of Dubai is also expected to go from the current 1.1 million to 4 million by the year 2017 and by 2020 it may exceed 5 million.