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 Why Dubai is Having Property Explosion? Dubai After Oil Boom!Dubai's gross domestic product as of 2006 was US$46 billion. Although Dubai's economy was built on the back of the oil industry, revenues from oil and natural gas currently account for less than 3% of the emirate's revenues.
The emirate's share in UAE's gas revenues is about 2%. Dubai's oil reserves have diminished significantly and are expected to be exhausted in 20 years.
Dubai must diversify its Economy!
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