Dubai witnesses sustained business and tourism growth

20/01/2009 - Dubai Property News
Dubai witnesses sustained business and tourism growth

Dubai is continuing to see sustained net growth in both business activity and visitor numbers, the chairman of the Advisory Council has commented.

Speaking to more than 250 business leaders in the emirate, His Excellency Mohamed Alabbar, detailed figures showing that there were an average of 1,285 business licenses issued over November and December, up from 1,045 for the same period in 2007.

Meanwhile, the number of passengers arriving into the emirate has increased five per cent during the same period.

Many visitors could be on the hunt for Dubai property for sale.

"Here in Dubai, we represent the trade, investment and knowledge hub for the Gulf, which has a population of 40 million and an economy that has grown three-fold in only five years to US$1 trillion," he commented.

The Advisory Council's remit extends to a broad range of sectors including government finances, UAE property, banking and regional equity markets.