In Q1 of 2025, Dubai's GDP surged to an impressive AED119.7 billion, marking a solid 4% growth compared to the same period last year.
Dubai's Economic Growth Soars in Q1 2025
Dubai's economy has experienced a robust growth in the first quarter of 2025, according to the Dubai Data & Statistics Establishment. The emirate's GDP grew by 4% compared to the same period last year, reaching AED119.7 billion.
Several key sectors have driven this growth. The Human Health and Social Work sector registered the highest growth at 26%, contributing AED 1.9 billion and accounting for 1.5% of Dubai's GDP. This sector was followed by Real Estate, which expanded by 7.8% to AED 9 billion, contributing 7.5% to Dubai’s GDP.
Finance and Insurance activities also saw growth, expanding by 5.9% to AED 16 billion, representing 13.4% of Dubai’s GDP. Wholesale and Retail Trade rose by 4.5% to AED27.5 billion, making up 23% of GDP. The Accommodation and Food Services sector grew by 3.4% to AED 4.9 billion, while the Information and Communications sector increased by 3.2% to AED 5.3 billion.
The Transport and Storage sector, heavily supported by air transport, expanded by 2% to AED15.7 billion, contributing 13% to Dubai’s GDP. The Manufacturing sector also showed growth, with a 3.3% increase to AED 8.7 billion.
His Excellency Hadi Badri, CEO of the Dubai Economic Development Corporation, noted the first quarter results followed a strong 2024 performance. The Dubai Data and Statistics Establishment is also working to enhance the quality and usability of economic data, as well as expanding its survey base.
In 2024, Dubai's GDP, at current prices, rose by 5.8% to AED541 billion. At constant prices, the GDP expanded by 3.2% to AED443 billion. These sectors collectively underpin Dubai's diversified economic foundation, contributing significantly to its GDP and growth.
- The robust growth in Dubai's economy in Q1 2025, with a 4% increase in GDP, has set a promising future for various business sectors, particularly in Real Estate, Finance, and the Human Health sector.
- Innovation and leadership in sectors like Health, Real Estate, and Finance have been key factors in Dubai's economic development, as seen by the 26% growth in the Health sector and the 5.9% expansion in Finance and Insurance activities.
- With the Wholesale and Retail Trade sector contributing 23% to Dubai’s GDP after a 4.5% rise, as well as the continued growth in Real Estate and Finance, investing in Dubai's economy appears to be a smart choice for those looking to secure their future.
- The growth in sectors like Manufacturing, Transport, and Information and Communications, while not as dramatic as in other sectors, have still played crucial roles in Dubai's economic growth during Q1 2025.
- As Dubai's economy shows consistent growth, with a 5.8% rise in GDP in 2024, it's evident that Dubai's real-estate, finance, and business sectors are not only prospering but are essential components in the emirate's diversified economic framework, contributing significantly to its overall development.
