UAE Consumer Confidence Remains High

If the consumer confidence in one's country remain strong and could not be affected with the crisis, be it political or economical, this only goes to show that its development is strong. This case applies to UAE as it has been experiencing high consumer confidence despite severe economic turmoil around the world. In fact, UAE is among the world's top five when it comes to consumer confidence.

UAE residents are the world's fifth most confident about the economic prospects in the next 12 months, according to the latest Nielsen global Online Consumer Confidence and Opinion Survey.

Piyush Mathur, regional managing director of research organisation The Nielsen Company, said the UAE's consumer confidence index has actually dropped two points from 113 in the second half of 2007 to 111 in the second half of this year.

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Banks May Suffer Real Estate Heat

UAE banks can gradually feel the heat of the possible medium-term risks, brought out by the increasing share of real estate assets , along with the rising inflation. In addition, a real estate shortage of supply and the low interest rate environment is now pushing for a cycle of asset price increases.

The unprecedented growth in real estate prices has encouraged the practice of using personal loans to purchase off-plan properties for a small down-payment and ride the wave of the price appreciation powered by leveraged returns.

This exposure is hard to separate from the personal loans numbers reported from the banks and could be an additional exposure to the real estate sector.

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Abu Dhabi's non-oil exports worth a billion dollar

United Arab Emirates, specifically Abu Dhabi has reached one billion dollar of earnings for non-oil exports alone. UAE is known for its oil-related earnings, yet, it has also showed strength on its non oil exports profits, which is a sign of its economic stability. Its an indication that the region can economically survive even with the absence of its oil-related profits.



"The report highlights the open economy in Abu Dhabi following the direction provided by Sheikh Khalifa Bin Zayed Al Nahyan, UAE president and Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohammed Bin Zayed Al Nahyan. As an organization, we are fully prepared to play a key role in increasing the Emirate's revenues by energising bi-lateral trade with our partners," said Abu Dhabi Customs Administration vice-director Saeed Ahmed Al Muhairi.
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Dh700 Billion ABU Dhabi's Top 10 Projects

Abu Dhabi's future plans, including infrastructure projects are worth Dh700 billion. Will this billions finally materialize their vision for economic development in 2030?

Analysts believe this is the tip of the iceberg as the UAE capital has yet to unveil the major projects that will help it to realise its 2030 vision, which will more than triple the current population.

Many of these projects are being showcased at Cityscape Abu Dhabi, which closes today after extending the show by one day at government request.

UAE: More Ups, Less Downs

What else could we say about UAE? It has reached almost all of its economic development visions. Generally, Economic-wise, UAE is making it one of the top regions in the world.



UAE, aside from being one of the top contenders for Islamic Financial Service Center, is also well-known of its fantastic architectural designs. Its buildings can be equated to that of the US skycrapers. Abu Dhabi, the center of UAE, is now decorated with praiseworthy establishments that no one could afford to argue against its beauty. Well, this is a total sign of UAE's development.

Nowadays, UAE is one of the most important regions in business partnership, be it governmental or private entities. Oil, being its major produced products, has been an important factor for them in establishing partnership with less-oil producing countries. Even US is trying to build up oil partnership with UAE.


We could now finally say that UAE is one of the developed regions in the world. But despite of this fact, it is still experiencing minor crisis brought about by the major global concerns. Inflation is one of their problems. But UAE seemed to be unaffected with it for as long as its stocks is still well-performing.

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UAE market Still Strongly Stand

This week, UAE is the best gainer in the worl's market industry. It's records could probably arract more investors to put business here. UAE market is one among the few that firmly stand on its feet despite turmoil in the world's market.




These experts take an architect’s drawings and sketches of a proposed building, from which they create a scale model that then undergoes the ravages of a wind-tunnel testing. This enables wind engineers to measure the stresses and strains a high-rise will undergo several hundred feet from ground level.

Over the past 12 months, the UAE’s skyscraper-building frenzy has seen it surpass the building boom in other, larger countries such as China, Japan and India. And now it is second only to the United States in terms of business for wind engineering firms.

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