Dubai's GDP reaches Dhs119.7b in Q1 of 2025, rising 4% per cent

Dubai recorded a GDP of Dhs119.7 billion in the first quarter of 2025, marking a 4 per cent growth from the same period in 2024, in a testament to the continued resilience and vitality of the emirate's economy.

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The growth recorded in Q1 2025 was driven by strong performances across a wide range of strategic sectors. Human Health and Social Work activities registered the highest growth rate, rising 26 per cent compared to the same period last year.

Real Estate activities grew by 7.8 per cent, while financial and insurance activities expanded by 5.9 per cent. Accommodation and food service activities recorded a 3.4 per cent increase, and transport and storage rose by 2 per cent.

The GDP growth in the first quarter of this year marks a continuation of the strong performance achieved in 2024, when Dubai's economy expanded by 5.8 per cent at current prices to reach Dhs541 billion, and by 3.2 per cent at constant prices, totalling Dhs443 billion. This 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.

Younus Al Nasser, Chief Executive of the Dubai Data and Statistics Establishment at Digital Dubai, said, "In an era defined by data and Al, reliable statistics are indispensable for understanding current trends and anticipating future developments. The Q1 2025 results reflect Dubai's economic progress, enabling policymakers, researchers, and businesses to make well-informed decisions.