According to a report prepared by the Central Statistical Department at the Ministry of Economy, the UAE's real GDP grew by 5.2 per cent in 2007 and expanded to AED 729.7 billion. The non-oil sector's share of GDP rose 16.8 per cent to AED 467.9 billion (64.1 per cent) of the country's GDP, last year. Investment spending in the country rose 22.6 per cent in 2007 from AED 121 billion in 2006 to AED 148.5 billion. The realty industry attained the highest growth rates with 25.6 per cent, followed by the industrial sector with 19.6 per cent and the oil sector with 16.8 per cent. Merrill Lynch expects the country's GDP to grow from AED 698 billion to AED 870 billion in 2008. |
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Date |
Value of Sales (in AED) |
Value of Sales (in USD) |
14/09/2008 |
246,792,416 |
67,209,264 |
15/09/2008 |
71,901,782 |
19,581,095 |
16/09/2008 |
119,991,275 |
32,677,362 |
17/09/2008 |
554,800,124 |
151,089,358 |
18/09/2008 |
95,907,152* |
26,118,505* |
Total |
1,089,392,749 |
296,675,584 |
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(Source : Dubai Land Department *Figures apply to transactions registered with Dubai Land Department till 12.00 pm on Sep 18, 2008) |
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