Samba: UAE Outlook Report 2014-15 (Jun-14)

The economy is picking up speed, driven by a recovery in the real estate sector, surging confidence, safe haven inflows, rising populations, easing debt and financing conditions for Dubai Inc., and a resumption of public and private project activity (encouraged by Dubai’s hosting of Expo 2020) which is boosting construction. Dubai’s traditional non-oil sectors are performing well, the UAE’s overall macroeconomic fundamentals are sound, and growth should hold at between 4-5 percent through 2015.