More American shops looking to open in Dubai
Despite the gloom that shrouds the retail sector in the Western world, sales in Dubai’s shops are up 10% this year and consumer confidence is at its highest for 7 years. With potential for growth in the struggling US market limited, and disposable income in Dubai high, American chains are looking to expand into this [...]
Dubai’s budget deficit may be lower than expected
Good news for Blackberry carrying types – share prices on the DFM rose 0.5% after reports emerged indicating that Dubai’s economy is performing better than expected. It seems that this year’s budget deficit could be lower than 2% of GDP, making the emirate a more desirable investment than it has been in recent months. The [...]
What is the population of Dubai?
According to the Dubai Statistics Centre, the current population of Dubai is 1.77 million. This figure is for the end of 2009 / start of 2010. The figure for the previous year was 1.65 million. Depending on which measure is used estimates can vary wildly, with some adding at least a million extra residents to this [...]
What currency is used in Dubai?
The currency of Dubai, and the other emirates that together comprise the UAE, is the United Arab Emirates Dirham. This is often abbreviated to either Dh or AED.
Happy 2010 to all Dubai Dreams readers
Happy new year to all our readers. 2009 has been a tough year for Dubai, but there are signs that 2010 might be a year of stabilisation or even slight improvement for the troubled emirate – at least Abu Dhabi has finally stepped up to shore up some of Dubai’s debts now. Anyway here’s to [...]