State data stated that Dubai experienced a 4.7 percent expansion in the first nine months of 2025, boosting gross domestic product to 355 billion dirhams ($96.6 billion), with growth accelerating across finance, construction, and services.
The Emirates News Agency–WAM reported, citing official figures, that the GDP reached 113.8 billion dirhams in the third quarter alone, which is 5.3 percent higher than it was a year prior.
Private-sector expectations indicated ongoing expansion, with a December research note from Emirates NBD estimating growth of approximately 4.5 percent in 2026, driven by tourist-related, investment, and infrastructure momentum.
In its recent study, WAM reported that the current growth of Dubai’s economy is indicative of the dynamism of the local economy and the effectiveness of the local development policies that are making the emirate prosperous.
Crown Prince of Dubai, Deputy Prime Minister and Minister of Defense and Chairman of the Executive Council of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, said, “The growth we are seeing today in Dubai’s economy is beyond what the numbers show, as it means more economic prosperity, family well-being, and growing confidence in the future of the Emirate.”
He stated, “Dubai does not rely on a single sector, but on an economic system in which all sectors are integrated, to grow together strongly and steadily, based on harmonious work teams united by the determination to achieve the highest goals of the Emirate.”
The most dynamic area was health and social work activities, which rose 15.4 percent year-on-year in the first nine months and accounted for approximately 1.5 percent of GDP.
Financial and insurance activities expanded at 8.5 percent and contributed to about 12 percent of output, reflecting the financial hub position of the emirate in the region.
During the initial three quarters of 2025, the construction industry expanded at a rate of 8.5 percent and generated 6.7 percent of the GDP of the emirate. The real estate industry grew by 6.7 percent in the first nine months of 2025, and this industry contributed to the GDP of Dubai by 8.2 percent.
Director General of the Department of Economy and Tourism, Helal Saeed Al Marri, added, “Dubai’s economic performance during the first nine months of 2025 reflects our ability to sustain and accelerate growth.”
He reported, “Collaboration with our partners in the public and private sectors will enable us to launch initiatives that enhance competitiveness and open new horizons of opportunity, ensuring that Dubai remains on track to achieve the ambitious goals of Dubai’s D33 Economic Agenda.”
