| The UAE's Ministry of Economy announced that the that real estate and construction investments between 2004 and 2008 attracted over Dhs140bn in capital, Equaling 21.6% of the total gross capital of Dh649.9bn during that period. Investment in the sector in 2008 surpassed capital pumped into the oil and gas sector and accounted for 23% of the total gross fixed capital formation of Dhs200.4bn.
The figures demonstrate the confidence that fell on the real estate industry of the region prior to the Global Slump, whilst property prices have been hit exceptionally hard some analysts have stated up to 50% renewed confidence is starting to emerge.
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