Dubai's economy grows 2.1% in H1 2019


Dubai's economy grew 2.1 per cent year-on-year in the first half of 2019.

The emirate's gross domestic product (GDP) at constant prices reached AED 208.2 billion in the first six months of this year, according to data published by the Dubai Statistics Centre (DSC).

The growth was witnessed across all major economic sectors, with the wholesale and retail sector, which contributes 25.5 per cent to Dubai’s GDP, growing 3.3 per cent and external trade registering a 17.7 per cent increase.

Transport and storage (6.2 per cent), hospitality (2.7 per cent) and real estate (2.1 per cent) industries were also major contributors to the growth, while financial and insurance activities saw a decline of 1.4 per cent.

Arif Al Muhairi, Executive Director of the DSC, said the flexibility of Dubai’s economy and its business structure helped the emirate maintain its economic growth, despite the slowdown of the regional and global economy.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 11:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.


On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.


    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!