\n\tRIYADH: Dubai\u2019s economy maintained its positive momentum in the first quarter of 2026, with the emirate\u2019s gross domestic product reaching 232 billion Emirati dirhams ($63.1 billion), a 2.4 percent yearly increase.<\/p>\n
\n\tAccording to Dubai\u2019s Department of Economy and Tourism, the performance was attributed to the diversity and integration of the emirate\u2019s economic activities, alongside development policies aimed at strengthening competitiveness and supporting long-term growth targets.<\/p>\n
\n\tThe gross domestic product series has also been revised since the start of 2026 to reflect updated survey results and administrative data, in line with international statistical standards.<\/p>\n
\n\tIn April, the International Monetary Fund cut its 2026 growth forecast for\u00a0the UAE as a whole by 1.9 percentage points to 3.1 percent as part of a broader downgrade for the Middle East, reflecting the economic fallout from the US-Iran conflict.<\/p>\n
\n\tDirector General of Dubai\u2019s Department of Economy and Tourism, Helal Saeed Almarri, said the latest results \u201creflect the strong performance, which supports growth and establishes a base of stability, enabling Dubai to accelerate its growth rate during the rest of the current year and extending to the next year.\u201d<\/p>\n
\n\tThe human health and social work sector posted the strongest growth, expanding 17.5 percent and contributing 1.5 percent of GDP with a value added of 3.6 billion dirhams.<\/p>\n
\n\tElectricity, gas, water and waste management activities grew 8.4 percent, reaching 4.6 billion dirhams and accounting for 2 percent of output, up from 4.3 billion dirhams a year earlier.<\/p>\n
\n\tConstruction grew 8.2 percent, contributing 18.7 billion dirhams, or 8.1 percent of GDP.<\/p>\n
\n\tReal estate expanded 3.1 percent to 26 billion dirhams, representing 11.2 percent of the economy, while wholesale and retail trade grew 2.6 percent to 50.9 billion dirhams, remaining the largest contributor at nearly 22 percent of GDP and accounting for about a quarter of overall growth.<\/p>\n
\n\tInformation and communications technology rose 2.7 percent to 12.1 billion dirhams, contributing roughly 5.2 percent of output. Administrative and support services grew 3.6 percent to 10.5 billion dirhams, or 4.5 percent of GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"RIYADH: Dubai\u2019s economy maintained its positive momentum in the first quarter of 2026, with the emirate\u2019s gross domestic…\n","protected":false},"author":2,"featured_media":788957,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-788956","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/788956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=788956"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/788956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/788957"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=788956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=788956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=788956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}