The Role of Real Estate in UAE’s Economic Diversification Strategy

Author(s)	Vihaan Ramesh
Country	India
Abstract	The United Arab Emirates (UAE) has asserted herself as one of the most potent emerging economies. The past economic history of the UAE, centered on oil exportation, has come to a realization that there was no alternative other than to diversify for economic survival under the fluctuating oil prices and trends leaning towards sustainable energy in the world. Today, the core of this diversification plan has been established by real estate through direct contributions to economic growth through support in infrastructure development, tourism, investment, and employment. This paper analyzes the way the real estate sector plays a vital role in economic diversification efforts of UAE. It explores its impact on several sectors and its future prospects.
Field	Sociology > Economics
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-02-25
DOI	https://doi.org/10.36948/ijfmr.2025.v07i01.37567
Short DOI	https://doi.org/g86w9w

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