Transportation and Storage: This sector achieved a remarkable growth of 7.8% compared to Q2 2023, contributing 13.6% to Dubai’s GDP and accounting for 31.3% of the overall growth. The increase in passenger numbers by 4.5% during this period significantly bolstered this sector.
Information and Communication: The sector recorded a growth rate of 5.6% year-on-year, maintaining its 4.4% contribution to Dubai’s GDP in Q2 2024. This performance underscores Dubai’s commitment to becoming a leading hub for the economy of the future, supported by emerging technologies.
Accommodation and Food Services: Experiencing a growth rate of 4.7%, this sector reached a value of AED 3.54 billion, contributing 3% to the GDP and 4.3% to the overall growth. Dubai welcomed 9.3 million international visitors in the first half of 2024, a 9% increase from the same period in 2023, reflecting the emirate’s status as a premier global tourist destination.
Manufacturing: The sector recorded a growth rate of 2.5%, with its total value rising to AED 10.6 billion in Q2 2024, contributing 9.1% to the emirate’s GDP and 7% to the growth achieved in the second quarter.
Real Estate: This sector experienced a growth of 2.6% in Q2 2024, accounting for 8.7% of Dubai’s GDP with a total value of AED 10.15 billion and contributing 6.9% to growth. Real estate sales increased by 38% year-on-year, indicating a robust property market.