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How Real Estate Is Steering Dubai's Economic Progress

Contrary to popular belief, oil reserves are not what megacity Dubai's economy banks on for sustenance. For this reason, the government of Dubai has invested time, money and strenuous efforts in diversifying its sources of income, with leading sectors being real estate, construction, tourism and hospitality. Among these, the emirate's real estate sector has emerged as one of the most remunerative and reliable industries.