B A Y S Q U A R E , B U I L D I N G - 4
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​Downtown Burj Khalifa District
Dubai's ruler, Sheikh Mohammed bin Rashid Al-Maktoum, signalled a push for growth in November 2012, announcing plans for a huge tourism and retail development including the world's largest shopping mall, over 100 hotels, and a park 30 percent bigger than London's Hyde Park.

Since then a string of state-owned and private firms have said they are reviving projects mothballed during the crash or launching new ones.
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The government's central projection is for the population to rise above 3m people by 2020 from just over 2M at present.

Double-digit annual increases in this traffic, which hit 58 million passengers last year, are helping Dubai attract growing numbers of tourists and investors.
Dubai, The City of Gold
Dubai Property Market
According to Knight Frank’s first quarter 2013 Prime Global Cities Index, the emirate of Dubai is ranked fourth in the list of 29 global cities. Prices rose 5.4 per cent in the last three months (December 2012 to March 2013), the third highest in among the global cities compared.
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The total value of property transactions rose 63 percent to AED 44 billion in the first quarter, compared with the same period last year – Dubai Land Department.
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According to a recent report by UAE Real Estate Services firm Asteco, the cost of buying an apartment in Dubai has shot up by an average of 27 percent, indicating a significant rebound for the property sector that only looks set to rise.

The UAE ranks among the top 10 most competitive nations in the world, according to the 2013 world competitiveness rankings released by Swiss business school IMD.

The annual list, which includes 60 economies, positions the UAE in the eighth place, up eight spots since last year.

The nation has increased its ranking since 2012 in areas such as government budget surplus/deficit per cent, inflation, health expenditure, exchange rate stability and internet bandwidth speed.

“Over the past few years, the UAE government has intensified its efforts in introducing policies that help create a highly diverse, stable, and competitive business environment across the nation,” said Abdullah Nasser Lootah, secretary general of the Emirates Competitiveness Council.

United Arab Emirates
