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Dubai GDP fell 2.4 per cent in 2009: official figures
Stats show greater drop than IMF predictions
Reuters Published in Ahram Online on 20 - 03 - 2011

Figures released from the Statistics Center of Dubai on Sunday showed the emirate's economy shrunk a greater-than-expected 2.4 per cent in real terms 2009, due to the drop in real estate and construction.
Dubai's economy grew 3.2 per cent in 2008, fuelled by booms in oil production and property.
The International Monetary Fund predicted that real GDP in Dubai shrunk 0.9 per cent in 2009 and grew 0.5 per cent in 2010.
The Center made no data available on GDP growth in 2010.

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