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In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved Law No. 15 of 2025 regarding the Government of Dubai's general budget cycle for the fiscal years 2026-2028, and the Dubai Government’s general budget for the fiscal year 2026.

The three-year budget cycle for 2026-2028 has been approved with a total expenditure of AED302.7 billion and total revenues of AED329.2 billion. This budget cycle, the largest in the emirate’s history, aligns with future ambitions to promote sustainable economic growth, enhance community well-being, and solidify Dubai's reputation as a land of opportunity and innovation.

During the implementation of the 2026–2028 cycle, Dubai’s Department of Finance (DOF) expects to achieve an operating surplus of up to 5% of the emirate’s projected GDP for 2026, further solidifying long-term fiscal sustainability.

Dubai’s economy continued to maintain its strong upward momentum in the first half of 2025, surpassing projections and consolidating its position as a one of the world’s most vibrant and competitive urban economies. The emirate’s GDP grew 4.4% to reach AED 241 billion in the first half of the year. In the second quarter alone, Dubai’s GDP climbed 4.7% to AED 122 billion.

This high performance was driven by exceptional results across key sectors that continue to underpin Dubai’s sustainable growth and economic resilience.

The human health and social work activities sector recorded the highest growth, expanding 20% and contributing 1.4% to overall GDP growth. The construction sector also maintained strong momentum, growing 8.5% and contributing 6.7% to Dubai’s GDP in H1 2025.

The Emirates Group today announced a new record half-year financial performance, posting a profit before tax of AED 12.2 billion (US$ 3.3 billion) for the first six months of 2025-26, making this the fourth consecutive year of record profitability for the half-year reporting period.

In a testament to the continued resilience and vitality of its economy, Dubai recorded a GDP of AED119.7 billion in the first quarter of 2025, marking a 4% growth from the same period in 2024.