The government of Dubai will have increased capabilities to analyse the economic situation and study the anticipated repercussions
Dubai Economy has launched an economic platform to support the growth of strategic business sectors and sustainable economic development in the emirate.
The new Dubai Economic Platform is an integrated source of global and local economic data relying on cloud analytics, a first of its kind in the region.
It will include data on real estate transactions in Dubai (sale and lease), development mechanisms, price projections, and analysis according to the types of properties, sale prices, and rent values. The consumer price index, including costs of utilities and transport, construction projects, building units, and business sustainability will also be available.
The platform can be utilised to collect and analyse data from various global sources, such as the World Bank, as well as from domestic data published by government entities on Dubai Pulse, a statement said.
“The ‘Dubai Economic Platform’ reiterates our commitment to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to make 2020 the year of preparation for the next 50 years,” Sami Al Qamzi, Director General of Dubai Economy, said.
“Data is key to ensuring the readiness of the government entities and institutions in Dubai to turn the emirate into one of the smartest cities in the world via an interlinked systems of performance indicators," Al Qamzi said.
Through the platform, the government of Dubai will have increased capabilities to analyse the economic situation and study the anticipated repercussions, with rapid access to recent, accurate, and relevant data on its operations, activities, and goals.
Further, the data gathered will help the government assess the impact of various initiatives – giving greater insight into the likely rate of success and the ability to foresee outcomes more clearly, the statement adds.
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