Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, announced that the emirate's Gross Domestic Product (GDP) increased by 3.3% in the second quarter of 2024 compared to the previous year, reaching AED 116 billion.
According to
Amac News: The Crown Prince stated that the economic performance of Dubai reflects the vision and directives of Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Additionally, Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism, noted that this growth is particularly driven by key sectors such as logistics, technology, and tourism.
The transportation and storage sector in Dubai experienced an impressive growth rate of 7.8% in Q2 2024 compared to Q2 2023, accounting for 13.6% of Dubai's GDP and contributing 31.3% to the overall growth.
Overall, in the first half of 2024, Dubai's GDP reached AED 231 billion, reflecting a growth rate of 3.2% compared to the first half of 2023.
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