UAE economic outlook remains bullish amid global volatility
Despite persistent global uncertainty, analysts forecast a robust economic outlook for the UAE, driven by surging energy production, a flourishing tourism sector (Dubai welcomed 19 million visitors in 2024), and an expanding non-oil pipeline of over 3,500 infrastructure and real estate projects. With a nationwide population of around 12 million—4 million of whom reside in Dubai—the nation’s high public spending and diversification strategies continue to shield its economy from external shocks.
Non‑oil resilience and strategic trade diversification
The UAE’s non-oil economy remains resilient, buoyed by sustained diversification efforts. Experts note that ambitious FDI targets—including plans to attract $65 billion by 2031—and the steady rise in aluminium exports (350,000 tonnes to the US in 2024) are underpinning long-term growth.
Supported by logistics and finance infrastructure, as well as upcoming projects like the Real Estate Strategy 2033 and Adnoc’s oil output expansion, the UAE is projected to post non-oil GDP growth of around 4–5%, outperforming regional peers.
