119.7 billion dirhams Dubai GDP during the first quarter of 2025, 4% growth

Dubai, August 14/ WAM/ Dubai’s economy achieved 4% growth during the first quarter of the year 2025 compared to the same period last year, as GDP reached 119.7 billion dirhams, in an achievement that reflects the sustainability of economic growth momentum in the Emirate of Dubai, driven by the vision of rational leadership and effective integration between the various vital sectors.

According to the Dubai Data and Statistics Corporation, the growth in the local product achieved during the first quarter of this year comes as a result of the progress achieved in the performance of the various vital sectors that constitute the basic pillars of the economy system in the emirate, as activities in the field of human health and social work have achieved the highest rate of growth of 26% compared to the same period last year.

Real estate activities also achieved a growth rate of 7.8 %, financial activities and insurance activities 5.9 %.

The growth in the performance of the gross domestic product for the first quarter of this year represents a continuation of the success that was achieved during the year 2024, where the emirate’s economy grew at the current prices at a rate of 5.8%, achieving 541 billion dirhams and growing with fixed prices at a rate Activities contributed approximately 78% of achieved growth during the year.
His Excellency Younis Al Nasser, CEO of the Dubai Data and Statistics Foundation, said that in the era of digital technology and artificial intelligence, data and statistics represent a honest mirror of reality and an effective tool for the foresight of the future.

He added that in this context, the results of the first quarter of 2025 represent the truest expression of the extent of the comprehensive development witnessed by the Emirate of Dubai in various vital sectors, as it provides an accurate image of the economic track in a way that helps decision makers, researchers and those interested in drawing their future policies and making relevant decisions.

He explained that within the framework of the responsibility of the Dubai Data and Statistics Corporation of the Dubai Digital Authority, the Foundation is keen to enhance its cooperation and integration with the relevant authorities to ensure that the data is in the service of all at all levels, realizing the importance of this in achieving the higher goals of the government and future directions of our rational leadership.
For his part, Hadi Badri, Executive Director of the Dubai Economic Development Foundation, said the arm of the Economic Development and Tourism Department in Dubai, that Dubai continues to enhance its sustainable and varied economic growth and consolidate its global attractiveness, at a time when entrepreneurs, investors and companies are searching for a business environment characterized by stability and transparency.

He added that Dubai’s performance during the year 2024 up to the first quarter of 2025 reflects the continuous momentum to achieve the targets of Dubai Economic Agenda D33, thanks to the forward -looking vision of wise leadership and strong and successful cooperation between the public and private sectors.

He said that with our aspiration to accelerate the pace of growth, we focus on implementing more strategic initiatives and building local and international partnerships, in a way that opens us new horizons and supports ways of innovation, as well as converting ideas and plans into distinctive success stories.

The value of activities in the field of human health and social work amounted to 1.9 billion dirhams during the first quarter of this year, achieving 26% growth compared to the first quarter of last year, a 1.5% contribution of the governorate’s gross domestic product and the driving of growth by 0.3 percentage points.
The real estate sector is an essential pillar in the emirate’s economy system, as it achieved a growth of 7.8% during the first quarter of 2025, and a contribution rate in the local product of the emirate 7.5% and a total value of 9.0 billion dirhams, motivating economic growth by 0.6 percentage points.
The financial sector achieved a real growth of 5.9% compared to the same period last year, to a value of 16 billion dirhams, compared to 15.12 billion dirhams during the first quarter of the previous year, contributing 13.4% of the total economy of the emirate, motivating economic growth by 0.8 percentage points.

The activities of the residence and food services were able to achieve a growth rate of 3.4%, to reach 4.9 billion dirhams, and the rate of its contribution to the GDP is 4.1%, the motto of economic growth by 0.14 percentage points.

The information and communications activity increased by 3.2 % to a value of 5.3 billion dirhams, motivating economic growth by 0.14 percentage points, as it contributed 4.4 % to the emirate’s domestic product.

The wholesale and retail trade sector contributed 23%, at a value of 27.5 billion dirhams, compared to 26.3 billion dirhams for the same period in 2024 and a growth of 4.5%, which prompted the total growth in the emirate’s economy by 1.03 percentage points.

Trade activity supports all other sectors in the economy by providing various goods that serve different purposes, whether they are inputs, mediators, final consumption, or for the purposes of capitalist training.
The activity of manufacturing industries achieved a growth rate of 3.3 % to reach a total value of 8.7 billion dirhams during the first quarter of this year compared to a value of 8.4 billion dirhams during the first quarter of last year, and the percentage of its contribution to the local product of the emirate reached 7.3 %, motivating economic growth in the emirate during the first quarter of the year 2025 by 0.24 degrees Celsius.

The transportation and storage sector achieved a growth of 2 % compared to the same period last year, and its value was 15.7 billion dirhams compared to 15.4 billion dirhams from the first quarter of 2024, and its contribution to the emirate’s economy reached 13 %, motivating economic growth by 0.27 degrees Celsius.

This sector includes all activities related to land, water and air transport services for individuals, goods, handling, storage and postal activities.

Air transport activity is the most contributing activity in the transportation and storage sector due to the size of its production.
The rest of the activities contributed 26% of the GDP during the first quarter of 2025, achieving 1.9% growth compared to the same period in the previous year and the growth motivated by 0.5 percentage points.

It is worth noting that the Dubai Data and Statistics Corporation is currently working on expanding the scanning base, re -estimating the time series of gross domestic product and other economic indicators, as part of the transformation plan to adopt the updated international classifications, and apply international recommendations to enhance the needs of data users.

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