Dubai has unveiled its largest-ever budget, allocating 272 billion dirhams ($74 billion) for 2025-2027. The emirate’s ruler, Sheikh Mohammed bin Rashid al-Maktoum, announced the budget, highlighting projected revenues of 302 billion dirhams. This budget will play a crucial role in shaping the future of urban development in Dubai.

A significant portion of the 46% budget is earmarked for infrastructure projects, including investments in roads, bridges, and water drainage systems to enhance the city’s resilience against extreme weather events. In June, Dubai committed $8.2 billion to bolster its rainwater drainage infrastructure following unprecedented rainfall in April.

The infrastructure spending also includes the development of a new airport. In April, Sheikh Mohammed approved the construction of a new passenger terminal at Al Maktoum International Airport, with an estimated cost of $35 billion. Once completed, this airport will become the world’s largest, capable of handling up to 260 million passengers annually.

The remaining 30% of the budget will be allocated to health, education, and other public services. This substantial investment demonstrates Dubai’s commitment to improving its residents’ and citizens’ quality of life.

Sheikh Mohammed expressed optimism about the future, stating that the 2025 budget will achieve a significant operating surplus of 21% of total revenues. This surplus highlights the emirate’s strong financial position and ability to fund ambitious development projects.