Dubai’s GDP grew 3.1% y-o-y to AED 339.4 bn in 9M 2024, Wam reports. Abu Dhabi’s GDP had grown 3.9% during the same period last year. The state news agency did not clarify Dubai’s 3Q figures.

By the sector:

  • The wholesale and retail trade sector expanded by 2.9% y-o-y to AED 83.1 bn last year, contributing 24.5% of the emirate’s GDP;
  • Transportation and storage sector grew 5.3% y-o-y to AED 42.1 bn;
  • Financial and ins. activities grew by 4.5% y-o-y to reach AED 39.4 bn;
  • The manufacturing sector grew by 2.3% y-o-y to AED 28.3 bn;
  • The real estate sector expanded by 3.6% y-o-y to AED 27.3 bn;
  • The ICT sector grew 4.1% y-o-y to AED 15.9 bn,
  • The accommodation and food services sector expanded by 3.7% y-o-y to AED 11.5 bn,
  • and the construction sector recorded a 2.2% y-o-y increase.

All other sectors grew at an average rate of 1.2% during the 9M period.

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