The UAE economy will remain highly resilient in 2025 thanks to robust consumer spending, record foreign direct investment and successful diversification efforts. This is according to a report by a major international financial markets trading platform, as reported by
Arab News.
Economic growth also ensures the state’s position as a global trade hub connecting Europe, Africa and Asia and the country’s status as one of the leading destinations for property investment. In addition, the UAE is steadily reducing inflation. In October 2024, for example, it stood at 2.4 per cent year-on-year, the lowest since August 2023.
The record number of housing transactions in the same month – more than 19.3 thousand – demonstrates the growth of the property market in the country. This brings the total number of transactions for the year to 140,000, up 36 per cent from 2023.
However, non-oil sectors of the economy, which include tourism, trade and technology, are expected to continue to drive the UAE’s economic growth. By 2033, the country’s authorities aim to increase foreign trade to 25.6 trillion dirhams (US$$6.97 trillion).
It was also noted Dubai’s growing role as a global innovation centre. According to the source, the artificial intelligence and sustainable development strategy for the period until 2030 will strengthen the emirate’s leadership in technological advancement and contribute to the UAE’s further economic growth.
Photo:
iStock
