Dubai’s GDP rises 3.3% in first 9m of 2023

Dubai’s gross domestic product (GDP) increased by 3.3 per cent during the first nine months of 2023, according to a latest data from Government of Dubai showed on Sunday.

Real estate soared by four per cent, while financial and insurance activities surged 2.7 per cent. Manufacturing saw a 2.2 per cent surge, while electricity, gas, water and waste management activities grew by 2.2 per cent.

The latest GDP figures demonstrate the emirate is steadily progressing towards achieving the vision laid out in Dubai Economy Agenda 2033, launched by Sheikh Mohammed bin Rashid Al Maktoum, the statement added.