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ARTICLE · 27 SEPTEMBER 2019

Doing Business In Dubai

Mayer Brown
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Beginning our new series on the legal issues to consider when operating abroad, Alain Farhad, Mark McMahon and Ali Auda look at Dubai

United Arab EmiratesReal Estate and Construction
Alain Farhad
Alain Farhad
Mark McMahon
Mark McMahon
Ali Auda
Ali Auda
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Beginning our new series on the legal issues to consider when operating abroad, Alain Farhad, Mark McMahon and Ali Auda look at Dubai

With a GDP of $108.4bn, Dubai has become a global business centre. Although initially built on oil revenues, the Emirate has diversified its economy to the extent that oil production contributes less than 1% of GDP.

Dubai is also currently preparing to host Expo 2020, which organisers say could attract 25 million visitors. In concert with the rise in non-oil exports and increased crude oil prices, it is no surprise that the construction industry in the UAE overall is expected to rise at a compound annual growth rate of 4.64% during 2019-23, up from 1.08% in 2014-18, and is expected to hit $101.2bn by 2023. 

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This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein. Please also read the JSM legal publications Disclaimer.

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