Real estate sector contribute strongly to UAE economy

Published January 17th, 2006 - 08:47 GMT
Al Bawaba
Al Bawaba

The UAE's gross domestic product (GDP) at current prices has grown by 17 percent to Dh443 billion in 2005. The construction sector and the real estate sector contributed strongly to the economy, with Dh100 billion worth of projects, mainly in Abu Dhabi and Dubai.

 

Projects announced in the past two years involved investments worth Dh350 billion.