The Economy of the UAE
Tourism, Events and Real Estate
Dubai attracts tens of millions of visitors, hosts big events and has built landmarks such as Burj Khalifa and Palm Jumeirah.
An economy of attractions.
Tourism
Dubai is one of the world’s most visited cities, with hotels, malls and beaches.
Events
Expo 2020, held in 2021-22, showcased the city.
Real estate
Foreign buyers have invested heavily, and property has boomed and busted several times.
Risks
Overbuilding can lead to price crashes.
A property cycle
Prices soared before 2008, crashed, and later recovered.
Assuming property only goes up
Dubai has had sharp corrections.
Key takeaways
- Tourism is a pillar.
- Events raise visibility.
- Real estate is cyclical.
- Overbuilding is a risk.
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