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Robust economic fundamentals driven by the manufacturing, services and real estate sectors will continue to drive strong growth in Dubai despite weakening global conditions.
The survey conducted by Dubai?s Department of Economic Development, or DED, during the last quarter of 2014 reveals that most businessmen are upbeat about 2015 on the backdrop of a stable business environment and overall sales and revenues meeting expectations.
Dubai?s overall consumer confidence index increased five points during the last quarter of 2014, compared to the same period of 2013.
Dubai?s economy is projected to grow 4.5 per cent in 2015, at a rate higher than the global growth forecast of 3.5 per cent, according to Shaikh Ahmed bin Saeed Al Maktoum, Chairman of the Economic Development Committee, President of the Dubai of Department of Civil Aviation, Chairman of Emirates airline and Chief Executive of the Emirates Group.