News

A recent report has revealed that Dubai’s real economic growth during the last quarter of 2012 increased to 5.3% compared to the same quarter in the previous year.

This rise has been attributed to growth in two of Dubai’s key sectors, construction and manufacturing, in addition to transport and storage, wholesale and retail trade, real estate and the financial sector, which altogether contributed to about 90% of Dubai’s gross domestic product (GDP).

2012 saw unprecedented growth in the tourism sector with the number of guests in hotel establishments increasing by 7% compared to the previous summer. Tourism activities have helped bring in hundreds of thousands of visitors from outside of Dubai and the UAE.

The number of tourists visiting the Emirate has topped 10 million for the first time in history with the average length of stay in Dubai hotels running at 3.77 nights.

A spokesperson for Arabian Falcon Holidays, the marketing company for The Pervaiz Naviede Family Trust the owners of The Royal Club Palm Jumeriah, said, “We have had a great 10 years marketing the best fractional ownership product in Dubai our clients as well as the number of tourists who are coming to the Emirate enforce the view that Dubai is a world class destination.”