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According to the Dubai Land Department, the total value of real estate transactions in Dubai in 2021 was AED 155 billion ($42.2 billion). The department also reported that there were 49,862 real estate transactions in Dubai in 2021, with 33,337 of these being sales transactions.
Property prices in the Emirates had fallen 58% from their peak in the fourth quarter of 2008. [24] The world economic recovery from the Great Recession resulted in a rebound for the Dubai real estate market: it was reported that "residential prices [in Dubai] rose by 17.9% from August 2012 to 2013, while rents soared by 14.9% in the same period".
This page was last edited on 4 March 2016, at 11:38 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [5] The UAE economy is heavily reliant on revenues from petroleum and natural gas, especially in Abu Dhabi. In 2009, more than 85% of the UAE's economy was based ...
The ruler of Abu Dhabi is traditionally also elected as the president of the UAE by the Federal Supreme Council, a custom that began with the UAE's first president, Sheikh Zayed bin Sultan Al Nahyan. [31] Qasr al-Hosn was the palace-fort residence of the ruler and the emirate's seat of government from ca. 1760/1790 to 1966, and later became a ...
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Percentage figures for arable land, permanent crops land and other lands are all taken from the CIA World Factbook [1] as well as total land area figures [2] (Note: the total area of a country is defined as the sum of total land area and total water area together.) All other figures, including total cultivated land area, are calculated on the ...
Bad weather and crop failure sent the price of the bean soaring to record highs in 2024. Oil ended the year with a loss, while coal also slipped. Forget oil and metals.