Dubai’s economy grew to $32.6 billion in the first quarter of 2025, marking a 4% increase compared to the same period in 2024, according to data from the Dubai Data and Statistics Establishment. The expansion reflects the emirate’s economic resilience and diversified growth, with multiple sectors posting strong performances.

Human health and social work recorded the fastest growth, surging 26% year-on-year to $517 million due to the  rising demand for healthcare services. Real estate expanded 7.8% to $2.45 billion, while financial and insurance activities rose 5.9% to $4.36 billion.

Wholesale and retail trade, the largest contributor to GDP at 23%, reached $7.49 billion, up 4.5%. Transport and storage grew 2% to $4.28 billion, driven primarily by air transport. Accommodation and food services rose 3.4% to $1.33 billion, information and communications increased 3.2% to $1.45 billion, and manufacturing advanced 3.3% to $2.37 billion.

Hadi Badri, CEO of the Economic Development Corporation, said the results highlight Dubai’s momentum under the Dubai Economic Agenda D33, supported by strong public-private collaboration. He noted the focus remains on strategic initiatives and partnerships to drive innovation and commercial growth.

In 2024, Dubai’s GDP grew 5.8% at current prices to $147.4 billion, with constant-price growth of 3.2% to $120.5 billion, led by trade, property, finance, transport, and industry.

Younus Al Nasser, CEO of the Dubai Data and Statistics Establishment at Digital Dubai, said the Q1 2025 figures provide valuable insight for decision-makers, adding that reliable data is essential for tracking trends and guiding future policies in line with the leadership’s vision.