Abu Dhabi, Dubai continue to drive UAE economic recovery: IMF

July 5, 2014 4:20 am


The International Monetary Fund (IMF) has said the UAE economic recovery has been solid, supported by the tourism and hospitality sectors, and a rebounding real estate sector, Gulf News has reported. “While growth in oil production moderated, public projects in Abu Dhabi and buoyant growth in Dubai’s service sectors continued to underpin growth, which reached 5.2% in 2013,” the IMF said in its report. “The real estate sector has been recovering quickly in some segments, especially in the Dubai residential market,” it said.

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