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Signs of Recession in Dubai as 86 percent more residency visas are cancelled

Posted: February 11th, 2009 | Author: | Filed under: Recession News | Tags: , , | No Comments »

Dubai cancelled 86 percent more residency visas in January this year compared with the same period in 2008, official figures revealed on Tuesday.

Data from Dubai’s Ministry of Interior Naturalization & Residency (DNRD) shows that 54,684 residency visas were cancelled during the month of January, compared with 29,418 in January 2008 – an 86 percent increase.

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