Dubai chases long-term growth as property booms | Rachna Uppal and Yousef Saba
- Date: 19-Jun-2023
- Source: Arab Weekly
- Sector:Real Estate
- Country:UAE
Dubai chases long-term growth as property booms | Rachna Uppal and Yousef Saba
DUBAI –
Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ambitions.
The approach pursued by the glitzy Gulf city-state is a reboot of a flamboyant economic model that for decades focused on property investment, tourism and inflows of foreign capital.
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