The government media office in UAE said in a statement issued on Tuesday that Dubai’s real GDP decreased by 3.5% in Q1 year-on-year as the country was hit by the Covid-19 pandemic, according to Reuters.<\/p>\n\n\n\n
The government said some sectors such as real estate and finance have maintained their strength despite the effects of Covid-19<\/p>\n\n\n\n
Dubai’s GDP reached 407.2 billion dirhams ($ 110.87) in 2019, recording an increase of 2.2% year-on-year, the statement said. The accommodation and food services sector – hotels and restaurants – decreased by 14.8% in Q1 on an annual basis. Trade, transport, and Storage activities decreased by 7.5% year-on-year.<\/p>\n\n\n\n
The Dubai government has stated that it will allow visitors to enter the country from July 7th; this comes after months of strict measures to limit the spread of the COVID 19.<\/p>\n\n\n\n
The real estate sector in Dubai posted a growth of 3.7% in Q1, while insurance and financing activities increased by 0.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"
The government media office in UAE said in a statement issued on Tuesday that Dubai’s real GDP decreased by 3.5% in Q1 year-on-year as the country was hit by the Covid-19 pandemic, according to Reuters. The government said some sectors such as real estate and finance have maintained their strength despite the effects of Covid-19 …<\/p>\n","protected":false},"author":9,"featured_media":30536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[6831],"class_list":["post-30535","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-uae"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=30535"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30535\/revisions"}],"predecessor-version":[{"id":30602,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30535\/revisions\/30602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30536"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=30535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=30535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=30535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}