Dubai Dreams

What time zone is Dubai in?

lbug — Sun, 29 Aug 2010 13:28:27 +0000

Dubai runs on UAE standard time which is UTC+04 (Coordinated Universal Time plus 4 hours).

Gulf Standard Time is also in this time zone.

UTC is roughly equivalent to (within 0.9 seconds of) GMT or UT1.

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Dubai’s budget deficit may be lower than expected

lbug — Tue, 24 Aug 2010 07:34:31 +0000

Good news for Blackberry carrying types – share prices on the DFM rose 0.5% after reports emerged indicating that Dubai’s economy is performing better than expected.

It seems that this year’s budget deficit could be lower than 2% of GDP, making the emirate a more desirable investment than it has been in recent months.

The news restored a measure of investor confidence and the principal beneficiaries have been the beleaguered Emaar Properties, which bounced to a two week high, and fellow construction industry company Drake and Scull International which gained for the forth consecutive day.

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What is the population of Dubai?

lbug — Mon, 26 Jul 2010 09:27:45 +0000

According to the Dubai Statistics Centre, the current population of Dubai is 1.77 million.

This figure is for the end of 2009 / start of 2010. The figure for the previous year was 1.65 million.

Depending on which measure is used estimates can vary wildly, with some adding at least a million extra residents to this figure, depending on how illegal immigrants, guest workers and their families are accounted for.

The Dubai Statistics Centre figure is a reliable one using a cautious and rigorous reseach methodology.

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What currency is used in Dubai?

lbug — Wed, 14 Jul 2010 23:39:06 +0000

The currency of Dubai, and the other emirates that together comprise the UAE, is the United Arab Emirates Dirham.

This is often abbreviated to either Dh or AED.

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Happy 2010 to all Dubai Dreams readers

lbug — Thu, 31 Dec 2009 23:00:09 +0000

Happy new year to all our readers.

2009 has been a tough year for Dubai, but there are signs that 2010 might be a year of stabilisation or even slight improvement for the troubled emirate – at least Abu Dhabi has finally stepped up to shore up some of Dubai’s debts now.

Anyway here’s to a happier 2010 – Good luck!

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