CBUAE projected real GDP growth

According to Amac News: The bank said that in the quarterly economic review of June 2024, it expects the country's non-hydrocarbon GDP growth to remain at 5.4% in 2024 and 5.3% in 2025, and the hydrocarbon sector will grow by 0.3% in 2024 and then grow.
In the fourth quarter of 2023, the UAE economy grew by 4.3 percent year-on-year, higher than the 2.5 percent growth recorded by the hydrocarbon sector in the third quarter of 2023.
CBUAE said indicators point to strong economic activity in the non-oil private sector. As of April 2024, the UAE Purchasing Managers' Index (PMI) was reported at 55.3, driven by continued business optimism about the economic outlook.
Dubai recorded a PMI of 55.1 in April 2024, indicating continued growth in the UAE's non-oil private sector.
Data from the first quarter of 2024 showed hotel occupancy rates in the UAE were at 83% year-on-year, while the average length of stay per visitor was almost unchanged at 3.9 nights, however a total of 11.2 nights on the year compared to It has increased by 2% last year. .
In addition, Dubai recorded an 11 percent growth in tourist arrivals in the first three months of 2024 compared to the same period last year. During this period, the emirate received 5.2 million international overnight visitors, which was an increase from 4.7 million tourists in the first quarter of the previous year.
Zayed International Airport received more than 6.8 million passengers in the first quarter of 2024. This underlines Abu Dhabi's status as a major transportation hub with a 36% increase in passenger numbers compared to the first quarter of 2023.
Elevating its position as a global travel and tourism hub, Dubai has approved a Dh128 billion project for a new passenger terminal at Al Maktoum International Airport.
The expansion will increase the size of Dubai International Airport by five times, making it the world's largest airport in terms of size and capacity, capable of handling up to 260 million passengers annually.