According to the Dubai Economic Report 2018, real estate accounted for 6.8% of the Emirate’s GDP, complementing the growth of the infrastructure sector that continues to witness robust investments with more than AED 23 billion – nearly 70% of the established AED 33 billion budget for Expo 2020 Dubai – allocated towards its projects. The uptake recorded by the real estate and construction sector is further underpinned by the focus of our leadership to invest in smart infrastructure and drive the digital transformation of all sectors of the economy. Dubai is a classic model in how proactive infrastructure developments change the face of a city. Case in point is the dredging of the Dubai Creek to allow for the entry of bigger ships, which was a remarkable step that contributed to positioning Dubai as a trade hub. The extraordinary expansion of the Dubai International Airport accelerated the positioning of Dubai as a global tourism and business hub, so did Al Maktoum International Airport, leading the city to rightfully clam its aviation hub status and take it to the next level. Though Dubai is a nascent city – just over four decades – it is important to consider successful urban regeneration models to unlock the true potential of our existing infrastructure. Leveraging digital infrastructure to its fullest potential is the key to the future; it is what will differentiate the passive from the active; it is what will shape success.
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