DIEZ also achieved a 13.7 per cent share of Dubai’s non-oil trade, its highest-ever contribution to date, sustaining growth for the fourth straight year Total trade across three major economic zones of Dubai reached record breaking numbers of Dh336 billion in 2024, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and...
With $1.1 trillion in liquid wealth and a fast-growing base of ultra-rich residents, the emirate is now ranked in the top along with London, Paris, and Milan A booming economy and strong investor inflows have propelled Dubai to become the fourth-wealthiest city in the Middle East and fourth in Europe, Middle East and Africa (EMEA) after London, Paris, and Milan. The emirate is home to 86,000...
Seasonally adjusted UAE headline PMI inched up to 53.3 in August from July’s 52.9 Dubai’s non-oil economy once again delivered robust results, with the emirate’s PMI climbing to 53.6 from 53.5 in July The UAE’s non-oil private sector economy continued to show resilience in August despite signs of slowing demand, with Dubai emerging as a standout performer. While new orders rose at the...
The uptick was driven by a notable increase in business output, which grew at the fastest rate in seven months The Dubai Purchasing Managers’ Index (PMI) rose slightly to 53.6 from 53.5 in July Dubai’s non-oil private sector continued to show resilience in August, with business conditions improving at a steady pace, according to the latest data from S&P Global. The Dubai Purchasing...
Human Health and Social Work activities registered the highest growth rate, rising 26 per cent compared to the same period last year Dubai recorded a GDP of Dh119.7 billion in the first quarter of 2025, marking a 4 per cent growth from the same period in 2024. The growth recorded in Q1 2025 was driven by strong performances across a wide range of strategic sectors. Human Health and Social Work...
13.6 million trips completed across the taxi and limousine segments in Q2 2025, up 19% year-on-year DTC’s taxi segment revenue in Q2 2025 increased by 18 per cent year-on-year to Dh539.7 million, driven by fleet expansion while maintaining strong utilisation levels.. Photo: File photo Dubai Taxi Company on Tuesday announced that Q2 2025 net profit increased by 33 per cent year-on-year to...
Data shows Dubai Marina led hotel occupancy in 2025, reaching 86 per cent, followed closely by Palm Jumeirah and Oud Metha at 85 per cent Dubai’s hotel sector is showing robust forward bookings for the remainder of 2025, outperforming last year’s figures as the emirate continues to attract a growing number of international visitors. Issam Kazim, CEO of the Dubai Corporation for Tourism and...
Multiple sectors posted improved results despite headwinds in banking and consumer-facing industries Dubai's real estate sector delivered one of the most robust performances of the quarter.. Photo: File photo Dubai-listed companies kicked off 2025 with a solid earnings season, reporting a 6.3 per cent year-on-year rise in net profits during the first quarter. Total net earnings reached $6...
Investments strengthen the UAE’s position as a destination for industrial growth Dubai Industrial City's pavilion at the Make it in the Emirates Forum.. Photos by Supplied photo Dubai Industrial City has attracted more than Dh1.7 billion in total investment across vital economic sectors including food and beverages (F&B), heavy equipment, energy solutions, automotive, and light...
April figures mark the slowest pace of annual price growth since mid-2023 Rush hour traffic on Al Khail road in Dubai. In April, transport prices fell 7.6 per cent year-on-year, a sharp drop from the 3.3 per cent decline in March.. Photos by KT file Dubai’s annual inflation rate slowed to 2.3 per cent in April, down from 2.8 per cent in March, according to data released on...
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