Dubai39;s economy enjoys rapid rebound postCOVID
Boosted by Russian property demand amid Ukraine war
Seeks to be among top economic centres in 10 years
Seeks population increase for growth
Transparency still an issue

DUBAI, June 19 Reuters Buoyed by a swift economic rebound postCOVID, Dubai is racing to attract people and capital to drive longterm growth, betting it can avoid past debt crises that dented its global ambitions.

The approach pursued by the glitzy Gulf citystate is a reboot of a flamboyant economic model that for decades focused on property investment, tourism and inflows of foreign capital.

Property is booming once more helped by Russian demand amid war in Ukraine and laxer residency rules and analysts this time see more guardrails in place against any repeat of the problems that subdued Dubai after the 2008 global credit crunch.

Home to the world39;s tallest tower and manmade islands, Dubai is chasing lofty new goals A 10year economic plan known as D33 aims to double the economy39;s size and make Dubai one of the top four global financial centres in a decade.

It also wants to increase the length of its public beaches to 105 km from 21 km by 2040 and revive the dusty Palm Jebel Ali island abandoned in the wake of the 2008 financial crisis.

Tourist numbers in 2023 are almost back to levels of 2019, and last year Dubai was the world39;s fourth busiest ultraprime property market, with 219 home sales over 10 million, according to Knight Frank…