Dubai posts Dhs232bn Q1 GDP, fuelled by finance and construction boom
The results also reflect the effectiveness of the emirate’s long-term economic strategies, which continue to strengthen competitiveness, attract investment, and support sustainable growth
09 July, 2026
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Dubai’s economy maintained its growth trajectory in the first quarter of 2026, with the emirate’s Gross Domestic Product (GDP) reaching Dhs232bn, marking a 2.4 per cent year-on-year increase, according to newly released official data.
The latest figures underscore the resilience and diversity of Dubai’s economy, supported by strong performances across several key sectors, including finance, construction, healthcare, wholesale and retail trade, and real estate. The results also reflect the effectiveness of the emirate’s long-term economic strategies, which continue to strengthen competitiveness, attract investment, and support sustainable growth despite an evolving global economic landscape.
Officials said the first-quarter performance reinforces Dubai’s position as one of the world’s leading business and investment destinations, with innovation, economic diversification and public-private sector collaboration continuing to underpin growth.
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Since the beginning of 2026, Dubai has also revised its GDP series from previously published estimates to incorporate the latest findings from economic surveys and administrative data. The update aligns with international statistical standards and best practices, further enhancing the quality and accuracy of the emirate’s economic data.
Healthcare, utilities and construction lead growth
Among all sectors, Human Health and Social Work Activities recorded the strongest annual growth, expanding by 17.5 per cent during the first quarter. The sector generated AED3.6 billion in gross value-added and contributed 1.5 per cent to Dubai’s GDP.
The Electricity, Gas and Water Supply, together with Waste Management Activities, also delivered strong growth of 8.4 per cent, with gross value-added reaching Dhs4.6bn, accounting for 2 per cent of GDP. This compares with Dhs4.3bn and a 1.9 per cent GDP contribution during the same period in 2025.
Construction continued to benefit from sustained development activity across the emirate, posting 8.2 per cent growth year-on-year. The sector generated approximately Dhs18.7bn in gross value-added and accounted for 8.1 per cent of Dubai’s GDP in the first quarter.
Leadership says growth reflects long-term vision
Helal Saeed Almarri, director general of the Dubai Department of Economy and Tourism, said the latest GDP figures demonstrate the strength of Dubai’s long-term economic strategy.
“Dubai’s economic growth continues to be anchored in visionary leadership, proactive strategic planning, and a deep-rooted resilience across our key sectors.
Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and the close follow-up of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, the Q1 2026 GDP results reflect another successive quarter of robust performance, marking a consistent trajectory that has established a strong platform for stability and positioned Dubai to accelerate through the remainder of the year and beyond.
“Dubai’s growth narrative is defined by a commitment to long-term objectives, and successive quarters of strong performance are not coincidental; they are the product of deliberate policy, structural depth, and an economy built to perform regardless of external conditions. As we look ahead, the seamless synergy between our public and private sectors, combined with the sustained confidence of the global investment community, will fuel the next phase of our development, further cementing Dubai’s position as a premier global economic hub in line with the Dubai Economic Agenda, D33.”
Data and digital transformation strengthen competitiveness
Hamad Obaid Al Mansoori, director general of Digital Dubai, said the latest figures demonstrate the effectiveness of Dubai’s diversified economic model and its continued investment in innovation and competitiveness.
“The results of Q1 2026 reflect the resilience of Dubai’s economy, which continues to achieve sustainable growth amid a rapidly evolving global economic landscape. The strong performance across key economic sectors highlights the success of the emirate’s diversified and agile economic model, built on competitiveness, innovation, and global connectivity, while advancing the objectives of the Dubai Economic Agenda, D33, to position Dubai among the world’s top three urban economies.”
He added: “Dubai continues to strengthen its economic ecosystem and enhance its business environment by investing in key enablers that drive growth, foster productivity, and create new opportunities.
These include advancing government efficiency, strengthening institutional capabilities, and harnessing modern technologies to support informed decision-making. These efforts will contribute to achieving further economic milestones in the future and reinforce Dubai’s position as a global hub for business and investment, and reinforce its status as a leading global hub for business, investment, and talent.”
Younus Al Nasser, chief executive of the Dubai Data and Statistics Establishment at Digital Dubai, highlighted the growing importance of data in supporting policymaking and economic planning.
“In a world where data has become a primary engine of growth and a cornerstone of decision-making, Dubai’s Q1 2026 results underscore the tangible impact of sustained investment in advancing a data ecosystem that strengthens economic development and enhances our ability to anticipate future opportunities.
Data today is a strategic asset that informs investment direction, improves policy effectiveness, and enables more precise and agile decision-making across all levels.”
He added: “Dubai continues to advance an integrated data and statistics ecosystem grounded in quality, accuracy, and trust. This ecosystem delivers reliable economic indicators that enable forward-looking planning and evidence-based policymaking, while strengthening the emirate’s competitiveness and reinforcing its position as a global benchmark in harnessing data for development and future readiness.
This ongoing progress reflects the maturity of Dubai’s data ecosystem and its proven ability to convert data into measurable economic value. It is accelerating innovation, enhancing sector competitiveness, and strengthening Dubai’s capacity to anticipate emerging opportunities and drive more sustainable and inclusive growth.”
Private sector partnerships remain key
Hadi Badri, CEO of the Dubai Economic Development Corporation, the economic development arm of the Dubai Department of Economy and Tourism, said Dubai’s economic momentum continues to be supported by coordinated action between the public and private sectors.
“Supported by swift, prudent action taken over recent months, Dubai has retained the robust foundations that will continue to support our long-term growth.
The city’s Q1 2026 results underline the momentum we continue to carry forward as we work towards the goals of the Dubai Economic Agenda, D33. From strategic projects that support SME growth to global partnerships that give institutional credibility to Dubai’s proposition, recent months have seen no pause in our collective efforts. In collaboration with our partners across the public and private sectors, our focus remains on supporting investment in key sectors, catalysing innovation across the economy, and further growing the pipeline of homegrown and international talent and entrepreneurship.”
Finance, trade and real estate continue to drive the economy
While healthcare posted the fastest growth, Dubai’s largest economic sectors continued to provide the greatest contribution to overall GDP.
Wholesale and Retail Trade remained the emirate’s biggest contributor, accounting for approximately 22 per cent of GDP. The sector expanded by 2.6 per cent year-on-year, with real gross value-added rising to Dhs50.9bn from Dhs49.6bn during the corresponding period in 2025. It also contributed around 0.57 percentage points to overall economic growth, representing approximately 24 per cent of total growth recorded during the quarter.
The Financial and Insurance Activities sector recorded one of the strongest performances among major industries. Gross value-added increased to Dhs32.4bn during the first quarter, representing annual growth of 6.5 per cent and accounting for 14 per cent of Dubai’s GDP, up from 13.4 per cent a year earlier. The sector contributed approximately 0.88 percentage points to overall GDP growth, equivalent to around 37 per cent of the total economic expansion achieved during the quarter.
Real Estate Activities also maintained positive momentum, growing by 3.1 per cent compared with the same period last year. The sector generated approximately Dhs26bn in gross value-added and accounted for 11.2 per cent of Dubai’s economy, reflecting continued demand across the property market.
Meanwhile, the Information and Communication sector expanded by 2.7 per cent, with gross value-added reaching Dhs12.1bn compared with Dhs11.8bn a year earlier. The sector represented 5.2 per cent of Dubai’s GDP and contributed 0.14 percentage points to overall economic growth.
Administrative and Support Service Activities also posted steady gains, increasing by 3.6 per cent year-on-year. The sector generated Dhs10.5bn in value-added during the first quarter and maintained a 4.5 per cent share of Dubai’s GDP.
The broad-based performance across multiple industries highlights the strength of Dubai’s diversified economy, with both established and emerging sectors contributing to sustainable growth. As the emirate continues to implement the Dubai Economic Agenda (D33), officials said sustained investment, digital transformation, innovation and close collaboration between government and the private sector are expected to further reinforce Dubai’s position as a leading global centre for business, investment and talent in the years ahead.























