A recent study conducted by the National Bank of Dubai (NBD) has said the UAE's construction sector output grew at an average annual rate of 11 per cent over the last decade, rising from Dh14.5 billion in 1996 to Dh25.4 billion in 2004. Given the wave of real estate development during the last few years, the average growth rate during 2002-2004 exceeded 16 per cent per annum.
Al Bawaba
