Dubai expects GDP to hit AED176bn in H1

July 22, 2015 3:28 pm

The gross domestic product of the emirate of Dubai is projected to reach AED176 billion at fixed prices in the first half of the current year, Al Bayan reports.

The projected figure signals a 3.5 per cent rise from the AED170bn reported in the same period of 2014, according to data compiled and analysed by Al Bayan.

The robust projection highlights the upward trend the emirate’s economy has been on since 2010, a trend that is forecast to continue over coming years.

During the six-month period, the emirate attracted seven million tourists compared with 6.6m in the same period last year.

Roughly 39m passengers are expected to have travelled through the emirate’s airports during the January-June period, with the total number of passengers forecast to hit 80m by year-end, Al Bayan data shows.

Furthermore, the value of real estate deals and sales in that period amounted to AED63 million, indicating an AED3m increase compared with the same period last year.

Additionally, the value of the emirate’s trade (exports and imports) is expected to post a growth of five per cent during the six-month period to total AED700bn.


AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.