Property investors saw Dubai exports rise sharply

23/01/2012 - Dubai Investment News Posted by Bob Brunskill
Property investors saw Dubai exports rise sharply
Property investors and others with business interests in Dubai will be among those encouraged by new figures regarding exports.According to a new report by the Dubai Chamber of Commerce (DCC), exports and re-exports in the emirate increased by 14.5 per cent last year compared to 2010.As such, the value of Dubai's exports and re-exports was calucalted at Dh246 billion in 2011.Hamad Bu Amim, director-general of the DCC, said the figures are evidence that despite continued global uncertainty and the European debt crisis, Dubai's economy is still "on track"."The annual report clearly demonstrates the resilience of Dubai's traders in turning the tide in their favour, thanks to the lessons learnt from the global financial crisis as they used their experience and flexibility in global trading to switch between destinations and products," he explained.Bu Amin added that Dubai has benefited from improved trade links with Africa, Eastern Europe and Latin America over the last 12 months, helping the emirate achieve "unprecedented export figures".