United Arab Emirates Infrastructure Report Q2 2014
2014 should be the year in which the UAE's construction industry returns to solid growth as 2013 saw the reactivation of numerous delayed projects and the award of many new ventures. Dubai's real estate market is looking strong and more sustainable than was the case before the 2008 crash and Abu Dhabi's market seems to have bottomed out. We also note the risk of the 'funding cliff' within Dubai's financial sector is being addressed and we do not expect there to be a dramatic tightening of liquidity over the coming year. We have also upgraded our medium-term growth forecasts in light of Dubai winning the 2020 Expo.