Investing in Dubai's Healthcare Sector through a Clinic/Polyclinic
Type
E-journal
Date
13 Dec 2016
Jurisdiction
United Arab Emirates, Dubai
Taxonomy
Health Professions, Hospitals & Health Care Facilities, Medical Procedure & Treatment
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
Dubai and the other Emirates of the UAE have witnessed a population surge and it is not surprising to see that the UAE is one of the international leaders in population growth. What is particularly striking is that the country's population back in 1971 was approximately 300,000 people and that by the end of 2012, the number of residents in Dubai surpassed 2 million, which is in line with an overall population growth rate of 5 - 8 per cent per year.
It is precisely this population growth, as well as growing wealth, that offers both operators and investors desirous of tapping into the healthcare market with a potential lucrative proposition as rapid urbanization and fast paced lifestyles have contributed to a spike in chronic diseases like heart disease, diabetes and stroke. It is a fact that Dubai, in comparison with countries like the US, UK and Germany, has a low ratio of doctors, nurses and beds per 1,000 population, which may explain why in the last 5 years or so, a number of international players in healthcare have entered this market and stepped up competition.