The UAE Real Estate Market 2015: A Year In Review | JLL
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The pace of economic growth in the UAE has slowed significantly in 2015, as the positive impact of lower oil prices on the global economy has been insufficient to offset the loss of revenue to both the government and the private sector. As a result, real GDP growth has fallen from 4.6% in 2014 to 2.7% for 2015, with a similar level of growth forecast for 2016.