Latest news with #DubaiDataandStatisticsEstablishment
Hi Dubai
2 days ago
- Business
- Hi Dubai
Dubai's GDP Hits AED119.7 Billion in Q1 2025, Grows 4% Year-on-Year
Dubai's economy recorded a GDP of AED119.7 billion in the first quarter of 2025, achieving 4% growth compared to the same period last year, according to official data from the Dubai Data & Statistics Establishment, Digital Dubai. The expansion was driven by notable performances across several key sectors. Human Health and Social Work activities registered the highest growth at 26%, contributing AED1.9 billion and adding 0.3 percentage points to overall growth. Real Estate grew by 7.8% to reach AED9 billion, while Financial and Insurance activities expanded by 5.9% to AED16 billion. Wholesale and Retail Trade, the largest contributor to the economy, rose by 4.5% to AED27.5 billion, making up 23% of GDP and adding 1.03 percentage points to growth. Accommodation and Food Service activities saw a 3.4% rise to AED4.9 billion, and the Information and Communications sector increased by 3.2% to AED5.3 billion. Manufacturing grew 3.3% to AED8.7 billion, while Transport and Storage—heavily supported by air transport—expanded by 2% to AED15.7 billion. Other activities, accounting for 26% of GDP, grew by 1.9%. Commenting on the results, His Excellency Younus Al Nasser, CEO of the Dubai Data & Statistics Establishment, said: In an era defined by data and AI, reliable statistics are indispensable for understanding current trends and anticipating future developments. The Q1 2025 results reflect Dubai's economic progress, enabling informed decisions at all levels. His Excellency Hadi Badri, CEO of the Dubai Economic Development Corporation, noted: Dubai's sustained and diversified growth underscores its global appeal. Guided by the city's visionary leadership, we remain focused on unlocking new opportunities, enabling innovation, and turning ideas into scalable successes. The first quarter results follow a strong 2024 performance, during which Dubai's GDP rose by 5.8% at current prices to AED541 billion and by 3.2% at constant prices to AED443 billion. The Dubai Data and Statistics Establishment is now expanding its survey base and recalibrating GDP time series in line with international classifications, aiming to enhance the quality and usability of economic data. News Source: Dubai Media Office
Gulf Today
3 days ago
- Business
- Gulf Today
Dubai's GDP reaches Dhs119.7 billion in Q1 2025, rising 4% YoY
Dubai recorded a GDP of Dhs119.7 billion in the first quarter of 2025, marking a 4 percent growth from the same period in 2024, in a testament to the continued resilience and vitality of the emirate's economy. The growth recorded in Q1 2025 was driven by strong performances across a wide range of strategic sectors. Human Health and Social Work activities registered the highest growth rate, rising 26 percent compared to the same period last year. Real Estate activities grew by 7.8 per cent, while financial and insurance activities expanded by 5.9 per cent. Accommodation and food service activities recorded a 3.4 percent increase, and transport and storage rose by 2 per cent. The GDP growth in the first quarter of this year marks a continuation of the strong performance achieved in 2024, when Dubai's economy expanded by 5.8 percent at current prices to reach Dhs541 billion, and by 3.2 per cent at constant prices, totalling Dhs443 billion. This growth was driven by standout performances in trade, real estate, financial services, transport, and industry sectors that collectively contributed nearly 78 per cent of the total growth achieved during the year. Younus Al Nasser, Chief Executive of the Dubai Data and Statistics Establishment at Digital Dubai, said, 'In an era defined by data and AI, reliable statistics are indispensable for understanding current trends and anticipating future developments. The Q1 2025 results reflect Dubai's economic progress, enabling policymakers, researchers, and businesses to make well-informed decisions. "As part of our mission at Dubai Data & Statistics Establishment, Digital Dubai, we remain focused on fostering integration with relevant entities to ensure that data serves stakeholders across all levels — supporting the overarching goals of the government and the forward-looking vision of our leadership.' Hadi Badri, CEO of Dubai Economic Development Corporation (DEDC), the economic development arm of the Dubai Department of Economy and Tourism (DET), said, 'Guided by the city's visionary leadership and powered by strong public-private collaboration, Dubai's performance through 2024 and into the first quarter of 2025 reflects our continued momentum towards achieving the goals of the Dubai Economic Agenda D33. "As we look to accelerate further growth, our focus remains on implementing strategic initiatives and building both local and international partnerships, in turn unlocking new opportunities, enabling innovation, and turning ideas and plans into scalable, commercial successes.' The human health and social work sector reached Dhs1.9 billion in the first quarter of 2025, achieving a 26 per cent growth compared to the previous year's first quarter. It accounted for 1.5 per cent of Dubai's total GDP, contributing 0.3 percentage points to overall economic growth. The real estate sector, a cornerstone of Dubai's economic structure, grew by 7.8 percent in Q1 2025, contributing 7.5 per cent to the emirate's GDP, with a total value of Dhs9 billion and driving economic growth by 0.6 percentage points. The finance and insurance sector achieved a real growth of 5.9 percent in Q1 2025 compared to the same period last year, reaching Dhjs16 billion, up from Dhs15.12 billion in Q1 2024. It accounted for 13.4 per cent of Dubai's economy and contributed 0.8 percentage points to overall growth. For the accommodation and food services sector, it recorded 3.4 per cent growth, reaching Dhs4.9 billion, contributing 4.1 percent to the GDP and driving growth by 0.14 percentage points. The information and telecommunication sector grew by 3.2 percent, with a total value of Dhs5.3 billion, contributing 0.14 percentage points to economic growth and accounting for 4.4 percent of the emirate's GDP. The wholesale and retail trade sector contributed 23 per cent to the economy, with a value of Dhs27.5 billion, up from Dhs26.3 billion in the same period in 2024, marking a 4.5 per cent increase and boosting economic growth by 1.03 percentage points. Trade activity supports all other economic sectors by providing a wide variety of goods that serve multiple functions — whether as inputs, intermediates, final consumption products, or for capital formation purposes. The manufacturing sector grew by 3.3 per cent, reaching Dhs8.7 billion in Q1 2025 compared to Dhs8.4 billion in the same period last year. It contributed 7.3 per cent to GDP and 0.24 percentage points to economic growth. The transport and storage sector grew by 2 percent compared to the same period last year, reaching Dhs15.7 billion, up from Dhs15.4 billion in Q1 2024. It contributed 13 per cent to Dubai's GDP and added 0.27 percentage points to growth. The sector encompasses all activities pertaining to land, water or air transport involving individuals, goods, handling and storage activities, and postal services. Air transport remains the largest contributor within this sector due to its high output. Other activities accounted for 26 percent of the GDP in the first quarter of 2025, recording a growth of 1.9 per cent compared to the same period last year and contributing 0.5 percentage points to overall economic growth. The Dubai Data and Statistics Establishment is currently expanding the survey base and recalibrating the GDP time series, along with other economic indicators. This initiative is part of a broader transformation plan to adopt updated international classifications and implement global best practices, ensuring data outputs better serve the needs of users. WAM
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Business Standard
29-06-2025
- Business
- Business Standard
Dubai taps Indian talent as it races to be global AI capital by 2031
Dubai is positioning itself as a global hub for artificial intelligence—and it is looking to Indian entrepreneurs, startups and talent to help drive the transformation. Speaking on the city's broader digital agenda, Younus Al Nasser, chief executive of the Dubai Data and Statistics Establishment at Digital Dubai, outlined the Emirate's push to become the global capital for AI development and implementation by 2031. 'India is clearly becoming a leader in technology development across several sectors, including AI applications, clean mobility, semiconductors, space and satellite technologies, e-commerce and fintech,' he told Business Standard, adding that Dubai has adopted an 'open-door policy of embracing innovation from across the globe.' The initiative gained momentum in June 2023, when Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the Dubai Centre for Artificial Intelligence. The centre's mandate includes training 1,000 government employees from more than 30 entities on generative AI, supporting over 20 technology startups, and driving government service efficiency. This was followed by the launch of the Dubai Universal Blueprint for Artificial Intelligence—a recurring annual plan designed to align AI adoption with the city's economic goals. A key benchmark: contributing AED 100 billion annually to Dubai's economy through the digital economy and lifting productivity by 50 per cent through digital innovation. As of June 2024, 22 chief AI officers had been appointed across government bodies, and dedicated incubators such as the Dubai AI Campus at the DIFC Innovation Hub had been launched to foster Web3 and AI startups. Indian businesses are responding to the opportunity. 'In 2024, over 73,000 new Indian companies joined the Dubai Chamber of Commerce,' Al Nasser noted. He attributed this surge to proactive reforms. 'We are building the latest infrastructure and regularly updating our technology regulations to ensure any new companies wanting to expand to Dubai have their base already set up and face no regulatory hurdles or bureaucracy.' The long-standing cultural and economic ties between India and the UAE also help smooth the path. 'Today Indians make over 40 per cent of the UAE's population, therefore you can find an essence of Indian culture in almost every vicinity of Dubai and the UAE,' Al Nasser said. As Dubai accelerates towards its AI ambitions, Indian innovators are becoming a pivotal part of the city's digital growth story. Dubai's push to become a fully digital city stems from a long-running commitment to technological transformation beginning in 2000 with Dubai e-Government. It built a city-wide ERP system now serving 75,000 government employees. By December 2021, Dubai achieved fully paperless government operations, with every government-to-individual transaction conducted digitally. The city's digital strategy evolved in 2021 with the creation of Digital Dubai, shifting focus to citywide transformation across seven pillars, including the digital economy and cybersecurity. Regarding data ethics, cybersecurity and AI regulation, Al Nasser said Dubai is pairing its aggressive AI adoption strategy with a strong emphasis on responsible governance, aiming to set a global standard for ethical and secure technology deployment. 'Striking the right balance between AI innovation and safeguarding public trust is central to our strategy,' Al Nasser said. A cornerstone of that strategy is the use of innovation sandboxes—controlled environments where new AI technologies can be tested under regulatory supervision. Through these sandboxes, one can adapt policies based on real-world testing. This is giving innovators clarity on the regulatory landscape while ensuring that public interests are protected. Dubai's ethical framework also includes the 2019 Ethical AI Guidelines and AI Toolkit, alongside the AI Policy for Government Entities. The policy mandates transparency, explainability, human oversight and inclusive design, and requires internal AI ethics review committees. As cities around the world compete to become smarter and more sustainable, Dubai is advancing a data-driven and human-centric model of urban living. This is powered by emerging technologies and global partnerships. Dubai's data infrastructure began with the 2016 Dubai Data Law and Open Data Committee, leading to UAE PASS—the national digital identity platform launched in 2018. Now used by over nine million individuals across 15,000 service providers, it has processed more than 600 million transactions. Today, over 1,200 anonymised data sets from 24 sectors are publicly available, supporting innovation and service delivery. The Dubai Dashboard, built on real-time and predictive analytics, tracks and forecasts across 14 economic indicators—from tourism to traffic. 'Dubai's vision is not solely about technology adoption, but human-centric technology implementation,' Al Nasser added, emphasising the city's openness to international collaboration in building a sustainable, inclusive digital future.
Emirates 24/7
01-05-2025
- Business
- Emirates 24/7
Dubai's Peak-Time Population Hits 5.13 Million; 59,600 New Households Added in 2024
Data from the Dubai Data and Statistics Establishment revealed that the number of active individuals in the emirate during peak times reached 5.13 million by the end of last year. This figure includes 3,863,600 permanent residents and 1,266,400 non-residents who work in Dubai but live outside its borders. Resident Breakdown Among the permanent residents, 3,564,000 were non-citizens, while 299,600 were Emirati citizens. The number of UAE nationals living in Dubai increased by 2.5% compared to 292,200 in 2023. Household Growth Dubai recorded the addition of 59,610 new households in 2024, marking an 8.38% increase from the previous year. The total number of households reached 771,200, up from 711,590 in 2023. Average Household Size & Residential Communities The average household size remained steady at 4 persons per household. The number of residential communities in the emirate also grew, with 7 new communities added in 2024, bringing the total to 2,260, compared to 2,253 in 2023. These communities housed 841,600 people at the end of the year. Follow Emirates 24|7 on Google News.
Hi Dubai
25-02-2025
- Business
- Hi Dubai
Dubai Completes Household Income and Expenditure Survey 2024 with 87% Response Rate
Dubai Data and Statistics Establishment, operating under Digital Dubai, has successfully completed the fifth edition of the Household Income and Expenditure Survey 2024. The survey, conducted with 5,000 Emirati and non-Emirati families, as well as collective households and workers' accommodations, achieved an impressive 87% response rate. As part of a nationwide initiative led by the Federal Competitiveness and Statistics Centre in collaboration with local statistical authorities, the survey examines key economic and social indicators. It provides insights into household income levels, spending habits, and overall living standards, helping shape policies that enhance societal well-being. Younus Al Nasser, Chief Executive of Dubai Data and Statistics Establishment, emphasized the survey's role in providing valuable data for decision-making. 'With every survey we conduct—whether in social, economic, or other fields—the vital role of data as a true reflection of reality becomes increasingly evident. The Household Income and Expenditure Survey 2024 exemplifies this, reaffirming the importance of collaboration in leveraging real data and insights," he stated. The survey aligns with Dubai's Social Agenda 33, supporting leadership efforts to enhance the quality of life and solidify the city's reputation as a global hub for living and working. The data collection process involved 105 participants and was marked by high accuracy and comprehensiveness, reflecting both institutional confidence and public awareness of the significance of statistical insights in policymaking. News Source: Emirates News Agency
