Dubai economy started 2025 on a stronger note because it recorded a Gross Domestic Product (GDP) of Dh119.7 billion in the first quarter. Therefore, it marks a 5 percent growth as compared to the same period previous year.
As per the most recent official data, the standout performer was the Human Health and Social Work sector, which improved a 26 percent year-on-year to reach Dh 1.9 billion. Notably, this sector alone contributed 0.3 percentage points to the overall GDP growth. So, it shows the strategic focus of Dubai on expanding healthcare infrastructure and enhancing its status as a leading hub for medical services.
The Q1 2025 results are the reasons for the solid performance of the last year, when the economy grew by 3.2 percent at constant prices. Moreover, Dubai’s economic model is diversified because many industries are contributing significantly to the growth.
Top-Performing Sectors in Q1 2025
- Wholesale & Retail Trade: The largest sector, valued at Dh27.5 billion, grew 4.5%, making up 23% of GDP.
- Finance & Insurance: Expanded 5.9% to Dh16 billion, accounting for 13.4% of GDP.
- Real Estate: Grew 7.8% to Dh9 billion, contributing 7.5% to GDP.
- Transport & Storage: Increased 2% to Dh15.7 billion, with air transport leading growth.
- Accommodation & Food Services: Rose 3.4% to Dh4.9 billion, supported by the tourism boom.
Expert Insights & Future Vision on the Dubai Economy
Hadi Badri, CEO of Dubai Economic Development Corporation, said that the results highlight the global appeal of Dubai to investors and entrepreneurs. Moreover, he added that the growth supports the Dubai Economic Agenda D33, which aims to double the size of the economy over the next decade.
On the other hand, Younus Al Nasser, Chief Executive of the Dubai Data and Statistics Establishment at Digital Dubai, highlighted that reliable data and AI-driven insights will continue to navigate policy decisions. Moreover, a multi-year effort is also ongoing to boost the data coverage and match the international best methods.
Outlook
The healthcare, real estate, finance, trade, and tourism sectors are leading Dubai’s strong Q1 performance. In addition, it highlights a dynamic and resilient economy prepared for future challenges. Moreover, the emirate is well-positioned to achieve its ambitious development goals in the coming years due to the diversified growth and a commitment to data-driven strategies.
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