Dubai’s economy is projected to continue its upward trajectory in 2025, with forecasts indicating a growth rate between 3.3% and 4.0%, reflecting sustained momentum from the previous year.

📊 Dubai GDP Growth Forecasts for 2025

• Emirates NBD Research anticipates Dubai’s GDP to expand by 3.7% in 2025, up from an estimated 3.2% in 2024. This growth is expected to be driven by an expansionary government budget, major infrastructure projects, and a favorable interest rate environment. Emirates NBD Research+2Emirates NBD Research+2Emirates NBD Research+2
• Economy Middle East projects a slightly higher growth rate of 4.0% for Dubai in 2025, attributing this to robust performances in key sectors such as tourism, trade, and innovation.
• International Monetary Fund (IMF) offers a more conservative estimate, forecasting Dubai’s GDP growth at 3.3% for 2025, with a slight uptick to 3.5% in 2026. Finance Middle East

🏗️ Key Drivers of Growth

• Government Initiatives: Dubai’s expansionary fiscal policies and significant infrastructure investments are set to stimulate economic activity across various sectors.
• Non-Oil Sector Expansion: Sectors such as tourism, real estate, financial services, and technology are expected to play pivotal roles in driving non-oil GDP growth.
• Strategic Economic Plans: The implementation of the Dubai Economic Agenda (D33) aims to enhance the city’s global competitiveness and attract foreign investment, further bolstering economic growth.Economy Middle East

🌍 Comparative Outlook

While Dubai’s projected growth is robust, it is slightly below the broader UAE forecast. The Central Bank of the UAE projects the national GDP to grow by 4.7% in 2025, supported by both oil and non-oil sector expansions. Emirates NBD Research+6Economy Middle East+6Finance Middle East+6

In summary, Dubai’s economy in 2025 is poised for steady growth, underpinned by strategic government initiatives, diversification efforts, and a strong performance in key non-oil sectors.