Dubai's Non-Oil Sector Stays Vibrant
Dubai has been ranked among the top 10 cities that are powering economic growth within their nations, according to Brookings Institution's Global Metro Monitor. The report said Dubai's growth was boosted by a 4.7 per cent annual rise in employment. Dubai’s non-oil foreign trade reached Dh966 billion during the first nine months of 2015.
"The foreign trade sector has enhanced Dubai’s capacity to build sustainable economic growth. Alongside other economic sectors, particularly tourism, it has positioned Dubai as a leading global and regional trading and business hot spot, in spite of the general slowdown in the world economy" said Sultan Ahmad Bin Sulayem, the Chairman of Ports, Customs and Free Zone Corporation (PCFC), and Chairman of DP World.
Dubai's economy grew 3.9 per cent with its gross domestic product (GDP) rising to Dh88.7 billion during the first quarter of 2015, spurred by vibrant logistics and trading activities. The number of hotels grew 7.7 per cent while real estate and business services posted a 4.4 per cent surge. In the first half, Dubai's corporate earnings expanded 3.7 per cent year-on-year to $4.1 billion on the back of strong banking sector growth.
Analysts also noted that travel, tourism and construction industries have improved, and this trend is expected to continue in early 2016.
Source: WAM, Gulfnews, Khaleej Times, Dubai Eye 103.8
City Walk redefining Dubai mall culture
Surrounded by a large number of well established residential communities in the heart of Jumeirah, CITY WALK is destined to become a popular and vibrant retail destination.
Conveniently situated at the junction of Al Wasl Road and Safa Road, the development is in easy walking distance to the surrounding areas and a mere 15 minutes walk from the Dubai Mall metro station. Easily accessed from Sheikh Zayed Road via Interchange 1, this exciting new development will become a focal point of this established community and a destination for visitors and residents across Dubai.
Anchored by a dynamic mix of top range brands, the large footprint retail areas at either end of CITY WALK spill out into generous plaza spaces. The main Piazza provides an ideal focal point along CITY WALK, an ideal setting for local residents and visitors to dine and socialize.
Find out more on the official website
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