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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

Nida Sohail
Nida Sohail

09 July, 2026

Dubai posts Dhs232bn Q1 GDP, fuelled by finance and construction boom

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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.

Read more-Dhs80,000 in savings? Dubai rolls out new SME launch platform

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.

Emaar to debut luxury Vida hotel in Sharjah

Strategically positioned with direct access to University City and Sharjah Airport Free Zone, Vida Aljada is also within easy reach of Dubai International Airport and Sharjah Corniche

Rajiv Pillai
Rajiv Pillai

09 July, 2026

Emaar to debut luxury Vida hotel in Sharjah

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Emaar Hospitality Group is set to open Vida Aljada later this year, bringing its lifestyle hospitality brand to Sharjah’s flagship mixed-use destination and expanding its premium hotel portfolio in the UAE.

The new property will become one of only two five-star Vida hotels in the country, representing an elevated expression of the brand centred on lifestyle hospitality, social connection and contemporary design.

Located within Aljada’s creative district, the hotel is designed to complement the destination’s growing mix of residential, cultural and commercial offerings. The development reinforces Aljada’s position as an integrated urban community where hospitality, leisure and everyday living converge.

Strategically positioned with direct access to University City and Sharjah Airport Free Zone, Vida Aljada is also within easy reach of Dubai International Airport and Sharjah Corniche, offering convenient connectivity for both business and leisure travellers.

The hotel will feature a mix of guest rooms, suites and extended-stay residences, catering to short-term visitors as well as longer-stay guests. Its design focuses on flexible spaces that encourage movement, interaction and relaxation throughout the property.

Dining concepts will blend all-day restaurants, café spaces and outdoor social areas into a seamless guest experience, while wellness facilities are being designed to support both fitness and relaxation.

Beyond its accommodation offering, the hotel is expected to strengthen Aljada’s wider hospitality ecosystem as the master development continues to evolve into a mixed-use destination combining residential communities, retail, entertainment and cultural attractions.

Guided by Vida’s philosophy of simplicity, creativity and community, the property aims to provide contemporary lifestyle experiences while supporting Sharjah’s expanding tourism and hospitality sector.

Vida Aljada is the latest addition to Emaar Hospitality Group’s growing portfolio, reflecting the company’s continued investment in experience-led destinations and the ongoing expansion of the Vida brand across the region.

Dubai Summer Surprises: Dubai events and offers you can’t miss this week

Top events and attractions to add to your calendar

Gulf Business
Gulf Business

08 July, 2026

Dubai Summer Surprises: Dubai events and offers you can’t miss this week
Image: Supplied

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Dubai Summer Surprises (DSS) is in full swing, bringing another packed week of family entertainment, live music, shopping rewards and limited-time offers across the city. From concerts and immersive experiences to mega prize draws and retail promotions, here are the top events and attractions to add to your calendar.

Modesh World

One of the region’s largest indoor family entertainment destinations, Modesh World returns until 23 August with free entry for all visitors.

The venue features a Fun Zone, Modesh Market and Family Zone, making it an ideal day out for families throughout the summer.

This week, visitors can also take advantage of a 100% Bonus Credits promotion on Tap Play Cards until Sunday, receiving double the credits with every top-up.

In addition, shoppers spending Dhs500 or more at Modesh World can enter the Win Your Home in Dubai raffle by scanning the campaign QR code and uploading their receipt.

Open daily: 10am to midnight

Beat the Heat: Cairokee Live

The fifth season of Beat the Heat begins on 11 July with acclaimed Egyptian rock band Cairokee performing live at Dubai World Trade Centre.

Known for their powerful lyrics and energetic performances, Cairokee remain one of the Arab world’s most influential contemporary bands.

Date: 11 July

Candlelight Concerts at Madinat Jumeirah

Music lovers can experience the popular Candlelight Concerts series at the Majlis Al Salam Ballroom, Mina A’Salam, Madinat Jumeirah on 11 July.

Set against the glow of thousands of candles, the evening will feature two immersive performances in one of Dubai’s most atmospheric venues.

Date: 11 July

K-Pop Demon Hunters Pop-Up

Fans of Korean pop culture can visit the K-Pop Demon Hunters Pop-Up at City Centre Mirdif from 9 to 19 July.

The activation features themed photo opportunities, official merchandise (subject to availability) and an interactive K-Pop Culture Experience Zone.

Dates: 9–19 July

Electronics Flash Sale Weekend

Tech enthusiasts can shop exclusive deals during the Electronics Flash Sale Weekend from 10 to 12 July.

Participating retailers include:

E City
Harman House
Virgin Megastore
My Shops

Expect discounts, bundles and exclusive offers across electronics, gaming, appliances, smartphones and home entertainment products.

Dates: 10–12 July

Win Your Home in Dubai

One of this year’s biggest DSS promotions, Win Your Home in Dubai, gives shoppers the chance to win one of 12 Binghatti Developers residential units, including a grand prize two-bedroom apartment.

Simply spend Dhs500 at participating malls and retailers, then upload your receipt through the campaign portal.

Win an MHERO at Dubai Festival City Mall

Spend Dhs300 or more at participating retailers, restaurants or entertainment venues at Dubai Festival City Mall for a chance to win an MHERO vehicle.

Customers can validate receipts at the Customer Service Desk to enter the prize draw.

Win a Cadillac at Mercato and Town Centre Jumeirah

Shoppers spending Dhs200 or more at Mercato Shopping Mall or Town Centre Jumeirah can enter through the PrivilegePLUS app to win a Cadillac LYRIQ worth more than Dhs300,000.

Participating retailers are also offering discounts of up to 75 per cent during the campaign.

SHARE Millionaire & Cashback

Majid Al Futtaim’s popular SHARE Millionaire promotion returns for DSS.

Spend Dhs300 or more at Mall of the Emirates, City Centre Mirdif and City Centre Deira to enter the draw. Four winners will each receive Dhs100,000.

Campaign runs until: 30 August

Win Skywards Miles this summer

Emirates Skywards members can earn extra rewards throughout DSS.

Customers spending Dhs200 or more with participating Skywards Everyday partners, including Careem and Amazon.ae, can enter a draw to become one of 500 winners receiving 10,000 Skywards Miles each.

First-time shoppers using Skywards Miles Mall and paying with a Visa card can also receive an additional 2,000 bonus Skywards Miles on qualifying purchases.

Ras Al Khaimah to add 25,600 homes by 2030

A Cavendish Maxwell study found that off-plan sales continue to dominate the market, accounting for 85 per cent of residential transactions and generating Dhs11.2bn in sales during 2025

Rajiv Pillai
Rajiv Pillai

08 July, 2026

Ras Al Khaimah to add 25,600 homes by 2030
Image: Supplied

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Ras Al Khaimah is set to add 25,600 new residential units between now and 2030, with apartments accounting for almost all future supply, as population growth, foreign investment and major infrastructure projects continue to reshape the emirate’s real estate market, according to new research from Cavendish Maxwell.

The property consultancy said just 170 homes were delivered during the first quarter of 2026, with a further 1,700 units expected by the end of the year. Delivery activity is forecast to accelerate sharply thereafter, with 23,900 additional homes scheduled for completion between 2027 and 2030. The busiest year is expected to be 2029, when around 9,100 units are due for handover.

Apartments represent 97 per cent of the planned pipeline, reflecting growing demand for higher-density residential developments.

The expansion comes as Ras Al Khaimah’s population is projected to increase from around 450,000 today to 650,000 by 2030, supported by rising investment and business activity.

According to the report, the emirate attracted Dhs39bn in foreign direct investment across 17 projects last year, the highest among the UAE’s emirates. During the first quarter of 2026, economic licence capital also increased 15.5 per cent year-on-year to Dhs11.5 billion.

Yousir Habib, associate director at Cavendish Maxwell Ras Al Khaimah, said: “RAK is undergoing major infrastructure investment in roads, aviation and maritime, strengthening regional connectivity and supporting the emirate’s 2030 economic diversification and competitiveness goals. As a result, the residential real estate sector secured Dhs12.3bn worth of sales across 6,600 transactions last year, when sales prices and rental rates jumped considerably. The market is now undergoing a sustained period of new supply.”

The study found that off-plan sales continue to dominate the market, accounting for 85 per cent of residential transactions and generating Dhs11.2bn in sales during 2025.

More than 40 per cent of the future housing pipeline will be delivered by RAK Properties, Al Hamra Real Estate and Ellington Properties, while Aldar, BNW Developments and Source of Fate Properties are also among the developers contributing to the emirate’s expanding residential market.

Residential prices continued to trend upwards, with apartment sale prices increasing by almost 5 per cent and villa prices rising nearly 4 per cent between October 2025 and March 2026. During the same period, apartment rents climbed by more than 6 per cent, while villa rents increased by 5 per cent.

Infrastructure investment remains a key driver of growth. Road upgrades to the E11 Sheikh Mohammed bin Salem Road and E311 Sheikh Mohammed Bin Zayed Road are expected to reduce travel times between Ras Al Khaimah and Dubai by up to 45 per cent.

Meanwhile, Ras Al Khaimah International Airport is expanding its capacity through a new 30,000-square-metre passenger terminal, a VVIP terminal and an 8,000-square-metre aircraft hangar, supporting its target of handling 3 million passengers annually by 2028. At Saqr Port, a new deep-water multi-purpose terminal is being developed to accommodate Capesize vessels carrying up to 400,000 tonnes of bulk cargo.

The report also highlighted growing momentum in the commercial real estate sector. Office rental rates increased 8.6 per cent year-on-year in the first quarter of 2026 and 5.3 per cent over the six months to March. Future office supply will include 82,000 square metres of Grade A space at RAK Central, while the upcoming Erisha Smart Manufacturing Hub at Al Ghail Industrial Park is planned to span 2.32 million square metres, supporting the emirate’s long-term economic diversification ambitions.

Dates released: When will UAE announce end-of-year school results?

Digital certificates will also be available for printing between 8:00pm and 12:00am on each grade’s respective release day

Nida Sohail
Nida Sohail

08 July, 2026

Dates released: When will UAE announce end-of-year school results?

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The UAE’s Ministry of Education has announced the schedule for the release of end-of-year results for the 2025-2026 academic year, with students across the country set to receive their results over two days beginning on July 12th.

According to a WAM report, Grade 12 students will be the first to receive their results at 10:00am on Sunday, July 12, followed by students in Grades 9 to 11 at 12:00pm.

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The rollout will continue on Monday, July 13, when results for Grades 5 to 8 will be released at 10:00am. Students in Grades 1 to 4 will be able to access their results from 12:00pm the same day.

Read more-Dubai’s KHDA to resume school inspections from 2026-27: What schools, parents need to know

The ministry said students and parents can access results through the student portal from the designated release times. Digital certificates will also be available for printing between 8:00pm and 12:00am on each grade’s respective release day.

Dubai freezes private school fee increases

Separately, parents in Dubai will not face tuition fee increases for the 2026-27 academic year after the emirate’s Knowledge and Human Development Authority (KHDA) confirmed a freeze on private school fee hikes.

The decision follows directives issued under Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, as part of a broader economic support package aimed at easing financial pressures on families and supporting key sectors across the emirate.

The move marks a departure from the previous academic year, when eligible for-profit private schools were permitted to apply for fee increases of up to 2.35 per cent under the Education Cost Index, which is linked to operational costs such as salaries, rent and support services.

Dubai’s latest measures form part of a wider Dh1.5bn economic incentives package, bringing the total value of recent support initiatives to Dh2.5bn. The package includes 33 initiatives that will be introduced over periods ranging from three to 12 months, with education among the sectors receiving targeted support.

Under the measures, KHDA-regulated private schools will receive operational relief through deferred or instalment-based licence renewal fees and deferred fines, while early childhood centres will benefit from exemptions on licence renewal fees, fines and Dubai Municipality market fees.

Policybazaar.ae, Tabby partnership launch flexible payment options across UAE

Policybazaar.ae customers can now convert their insurance premiums into manageable instalments through Tabby, with a four-month payment option available at zero interest and zero processing fees

Nida Sohail
Nida Sohail

08 July, 2026

Policybazaar.ae, Tabby partnership launch flexible payment options across UAE

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Policybazaar.ae, the UAE’s leading insurance marketplace, and Tabby, the region’s foremost financial services app, have announced a strategic partnership designed to transform how UAE residents manage insurance payments. The collaboration introduces flexible payment options for customers purchasing car and health insurance, allowing them to spread premium payments over time without additional costs.

Inspired by the UAE’s long-standing focus on accessibility and connectivity, reflected in landmarks such as Ibn Battuta Mall, which celebrates global journeys and innovation, the partnership represents another step towards making essential services easier to access for residents across the country.

Read more-Policybazaar freezes UAE health insurance costs for up to 5 years

Policybazaar.ae customers can now convert their insurance premiums into manageable instalments through Tabby, with a four-month payment option available at zero interest and zero processing fees. Customers seeking extended flexibility can also select repayment periods of six, eight, or twelve months.

The integration is live on Policybazaar.ae, with Tap Payments serving as the payment infrastructure provider behind the checkout experience. Tap Payments’ checkout infrastructure enables customers to select Tabby at the point of purchase, creating a seamless, secure, and transparent payment journey.

Removing upfront payment barriers for essential insurance coverage

At the centre of the partnership is a shared commitment to improving financial accessibility for UAE consumers. Customers purchasing car or health insurance can divide their premium into four equal monthly payments without any additional charges.

For customers requiring longer repayment timelines, six-, eight-, and twelve-month payment options are also available. The initiative addresses a long-standing challenge in the insurance sector: the need for customers to pay annual premiums upfront.

While insurance remains an essential requirement, large single payments can often influence purchasing decisions and prevent customers from selecting the level of coverage that best meets their needs. By introducing flexible payment solutions at the point of purchase, Policybazaar.ae and Tabby aim to reduce financial pressure and help customers make insurance decisions based on protection requirements rather than immediate affordability.

The four-month No-Cost payment plan allows customers to access comprehensive insurance coverage while avoiding the burden of a large upfront payment.

Industry leaders highlight customer-first approach

Toshita Chauhan, chief business officer, Policybazaar.ae, said, “Insurance decisions should never come down to cash flow. What we kept hearing from our customers was simple: the coverage they wanted was the right choice, but the upfront payment made them hesitate. Customer research showed that upfront annual premiums remain one of the biggest barriers to purchasing comprehensive insurance.”

She added, “Partnering with Tabby lets us remove that hesitation entirely. With a No-Cost payment plan option built directly into the checkout, customers can now choose the plan that truly protects them, not just the plan they can afford to pay for in one go. Our goal is to remove upfront cost as a barrier, allowing customers to choose the cover that best suits their needs rather than what fits their immediate budget.”

Zain Khan, senior director of Business Development, Tabby, said, “We’re seeing households increasingly rely on Tabby for flexibility in managing both discretionary and essential expenses. While insurance is a need for most households, many are often stuck trying to work through the cost when it comes due all at once.”

He added, “Partnering with Policybazaar.ae puts a practical solution at exactly the right moment: customers can now get the cover they actually want, paid over time, rather than settling for less because of timing.”

Strengthening digital insurance access in the UAE

The partnership reflects rising consumer demand for greater flexibility in managing essential expenses while simplifying the insurance purchasing experience. With Tap Payments supporting the checkout infrastructure, Policybazaar.ae and Tabby are enabling a more transparent, flexible, and customer-focused approach to insurance payments.

As digital financial solutions continue to reshape consumer experiences across the UAE, the collaboration highlights the growing importance of flexible payment models in helping residents access essential products and services with greater ease.

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