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Abu Dhabi’s real estate sector doubles in five years

Posted on 22 November 2011

Abu Dhabi’s real estate sector has nearly doubled over the past five years to record one of the highest growth rates in the domestic economy before it began to slow down in the aftermath of the 2008 global fiscal crisis.
Official data showed the sector’s contribution to GDP leaped from around Dh25.6 billion in 2005 to a record high of Dh53.4 billion in 2010. This boosted its share from about 5.3 to 9.8 per cent in the same period………………………………………..Full Article: Source


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