Dubai’s economy is on a strong upward path, with Q2 2024 GDP increasing by 3.3% year-on-year to reach AED116 billion, as announced by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. This growth reflects the vision and leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, whose ambitious Dubai 2033 Plan is reshaping the emirate into a global economic leader.
In discussing Dubai’s success, Sheikh Hamdan emphasized the importance of collective effort and the ongoing commitment to achieving the objectives of the Dubai Economic Agenda D33 and Dubai Social Agenda 2033. These strategic initiatives aim to establish Dubai as a global benchmark for sustainable development and economic excellence. “Dubai today is not just a success story; it serves as an inspiring model for progress, where the aspirations and efforts of its people create a future rich with opportunities,” he remarked.
Sector-Driven Growth
Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism (DET), credited this impressive growth to the vibrant logistics, technology, and tourism sectors, which are key components of the D33 agenda. “These sectors highlight our city’s capacity to harness strategic foresight, innovation, and collaboration across various fields,” he stated. By prioritizing future technologies and nurturing an inclusive business climate, Almarri reaffirmed Dubai’s goal to double its economy in the next decade while upholding its commitment to global competitiveness.
Hamad Obaid Al Mansoori, Director General of Digital Dubai, noted that the statistics from the second quarter signify “a new and promising chapter in Dubai’s journey.” He commended Dubai’s vibrant economy, dedication to digital technology, and community-focused progress, all of which are paving the way for a city that is admired worldwide.
