The UAE’s real GDP rose by 3.8% in the first nine months of 2024 compared to the same period last year, reaching AED 1.322 trillion, according to official figures.
This growth was mainly fueled by a 4.5% increase in non-oil sectors, which contributed AED 987 billion—around 75% of the country’s economy.
Minister of Economy Abdullah bin Touq Al Marri credited the positive performance to the UAE’s ongoing economic diversification efforts.
Looking ahead, the UAE is focused on innovation and global partnerships, with a goal of growing its GDP to AED 3 trillion by 2031 and becoming a key global hub for the new economy.
