Dubai's GDP grows 4% in Q1, touching AED 119.7 billion

Dubai recorded a GDP of AED119.7 billion in the first three months of the year, marking a 4 per cent growth during the same period last year, driven by strong performances and expansion across various sectors.

The growth was driven by standout performances in trade, real estate, financial services, transport and industry sectors that collectively contributed nearly 78 per cent of the total growth achieved during the year.

Most notable achievement came from the human health and social work sector hitting AED 1.9 billion in its first quarter of 2025, rising by 26 per cent from the same period last year.

Dubai's real estate sector contributed 7.5 per cent of the emirate's GDP with a total value of AED 9 billion, while financial and insurance achieved a growth of 5.9 percent in the first quarter of 2025, reaching AED16 billion.

The accommodation and food services sector recorded 3.4 per cent growth, reaching AED4.9 billion, while information and telecommunication sector grew by 3.2 per cent, with a total value of AED5.3 billion.

The wholesale and retail trade sector made 23 per cent contribution to the economy, with a value of AED27.5 billion.

The manufacturing sector grew by 3.3 per cent, reaching AED8.7 billion in Q1 and the transport and storage sector grew by 2 per cent, reaching AED15.7 billion.